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"no reserve" but $5000 opening bid. how exactly does that work?
Minimum bid is $5000, if no one out bids you, it's yours.... In essence, the seller is openly telling you what the reserve price is by starting at the minimum they will accept for it.
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The only reason I ever played golf in the first place was so I could afford to hunt and fish. - Sam Snead
The Following User Says Thank You to Joseph Sheerin For Your Post:
In essence, the seller is openly telling you what the reserve price is by starting at the minimum they will accept for it. 
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