[QUOTE=Алек Сандер;3473151]I partially watched the auction, there was a very curious picture. That sounds too clever by half with the reserve. Let's say a picture is worth with an estimate of 30-40, 000 lbs (already expensive). Start trading with the numbers below, say, 25 000. They reach up to 28 000, this is the last price... and the lot is not sold, because it does not reach the reserve. And there were a lot of such examples - in any case, in the period that I watched. Well it would be two or three such examples, and that in fact constantly. Picture with a decent estimate, to the bottom of the features which is lacking just a little - and do not reach the reserve. Perhaps the estimate put below, hoping to warm up the audience, but the reserves, on the contrary, loaded to please the sellers. The result is what is. And the directory at "McDougall" this time was very Malahim@
Obviously the lack of understanding of the auction process. According to the rules of the auction, the auctioneer can accept even non-existent bet
up to reserve price. Permitted by law and is a common practice. Aim is excited and anticipating that the auction was bleak (example the past few days to the bidding of the Empire, where the auctioneer started the bidding with a reserve price and if no bets, just moved on - a very sad sight) as well as to potential buyers who do not know, where there is a reserve, made a bid, and in the result the lot was sold. All of this is absolutely normal practice of the auction.
As claim Macdougals can be described inflated estimate, sometimes 2 times. I think the next time they will be more balanced
