Bidding against auctioneers to achieve reserve prices
If you bid at auction for an item that has not reached its reserve price, you could be bidding against the auctioneer.
If you bid at auction for an item that has not reached its reserve price, you could be bidding against the auctioneer. Reserve prices - the minimum prices for which items can be sold at auction - are agreed between auctioneers and sellers beforehand.
‘‘If a seller agrees a reserve price of €8,000 and someone in the room offers €5,000, the auctioneer will bid against them until they get the reserve,” said Ian Whyte, managing...
Subscribe from just €1 for the first month!
Exclusive offers:
All Digital Access + eReader
Trial
€1
Unlimited Access for 1 Month, €19.99 Monthly thereafter
*New subscribers only
Annual
€200
€149 For the 1st Year
Unlimited Access for 1 Year
Quarterly
€55
€42
90 Day Pass
2 Yearly
€315
€248
Unlimited Access for 2 Years
Team Pass
Get a Business Account for you and your team
Related Stories
The year in review
The best writing and and the biggest stories of 2019 from the Business Post
Newsround: What Thursday’s papers say
Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals
More cycle routes, expansion of Luas to Bray and new bus network proposed
Greater Dublin Area draft Transport Strategy published
