Guns auctions and reserves

[edgarspencer]

I think some of it has to deal with maintaining their image. You can see the recap of Tuesday auction says every single item "INVOICED" however, only a few out of each dozen or so include a dollar amount. Going back and look at a lot I Know had a reserve, and I know did not sell, the recap still says "INVOICED" Tricks of the trade in the use of terminology? I think some auctioneers are reluctant to publicize a less than stellar performance.
Whether they sold or not, The Julia website will publicize the final prises, and when compared to the pre-auction estimate range, one can draw his own conclusions. When the "Second Chance" list comes out,(if one comes out at all) the truth will be revealed.

[Opening Day]

You watch high end car auctions, you know if there is a reserve and when it gets lifted, and you know when the auctioneer say's the bid goes on, or no sale, or we are close. I guess some feel it's better with "smoke and mirrors" I guess I just like to know what the real deal is. But that's me................