Originally posted by fr0gman
Yes, the tease is probably part of the reason to have an undisclosed reserve. To protect your assets as a "stop loss" is also important. To get people to bid freely without artificial barriers is yet another.
To answer your second part about fairness: fairness is in part determined by bidders having the same information, at least the material facts. So we try not to show favoritism. Maybe it is just a token gesture, but that's the way it is.










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