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janice shell

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janice shell

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Re: virginian post# 5929

Thursday, 05/31/2007 5:44:09 PM

Thursday, May 31, 2007 5:44:09 PM

Post# of 18151
Auction houses have no liability if a sale goes badly. Sellers can set reserves, which means that items that don't meet the reserve won't be sold. Don't know if there're any reserves in this case, but the starting price is $100 for every item, and the auctioneer isn't lowering that if he doesn't get bids.

So, bottom line, do you think paying $5 million for something and selling it for (probably) less than $1 million is smart business?
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