Much worse than that. Not all items have a reserve and there is no notice as to which ones have a reserve. In fact if you have never been to his auction before, you would have no idea that anything is at reserve.
If an item is on reserve and the reserve is not met, you don't know that either. The hammer falls as if it sold. If I was bidding and had high bid, I would think I bought it. I have no idea what happens when the bidder finds out he didn't win the item.
The only way I know any of this is by going and watching. I see items sell but then the "official" list comes out and items that I thought sold are unsold. Look at my post on this auction, I posted what the hammer bid was on each lot when I got home Monday afternoon and yet some were not sold when George posted his list.
I don't like it but what are ya going to do. I do know one person that put a gun up there with a reserve and the reserve was not met; AND he didn't get his gun back as expected. It seems they can simply give you the reserve as payment and they keep the gun.
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