Teletrade question... not sold?

What does it mean when a teletrade auction says results: not sold?
I was watching an auction last night and today it says not sold seemd like the bids were plenty high enough.
Here is the link:
Auction
I was watching an auction last night and today it says not sold seemd like the bids were plenty high enough.
Here is the link:
Auction
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Comments
Probably just a reserve set too high.
more times then not the coin was found lacking.
Camelot
if there is one and it is the high bid - it sits at that price for the last hour
if no one pops the next bid level - it closes (pending) then turns to bot sold and disappears from normal result searches
if bought-back it may
1) go back to the consignor
2) show up for up to 2 more efforts for sale
Noticed that over the past few months, many coins, as i call it, get recycled. I'm guessing that the reserve is set to high. I have seen the same coin up
for auction 4 times in last 3 months, along with many others. It's almost not like an auction at all... cheers Wil
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<< <i>What does it mean when a teletrade auction says results: not sold?
I was watching an auction last night and today it says not sold seemd like the bids were plenty high enough.
Here is the link:
Auction >>
The high bid must have come from the owner. In such case they coin is listed as unsold.
This one was on its second time through! I guess 5 grand wasn't enough...............
The name is LEE!
<< <i>on Teletrade auctions, the consignor has the option of entering a buy-back bid (reserve)
if there is one and it is the high bid - it sits at that price for the last hour
if no one pops the next bid level - it closes (pending) then turns to bot sold and disappears from normal result searches
if bought-back it may
1) go back to the consignor
2) show up for up to 2 more efforts for sale >>
Yes, except that the buyback is fully priced by 3:30 PM PST not the last hour and that the buybacks are independently sent each of 3 possible sales per consignment. You cannot know, unless you saw it a couple times before over the past 6 weeks or so that it is the first or even the last time it will appear.
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