09-05-2022, 04:16 PM
Hi charles,
Sadly even if you turn up at the auction. You still wont know it's full worth.
Let's guess the resurve is £9k, that means the auctioneer can legally bounce bids of the wall to £8,999.00
Perfectly legal, as long as he doesnt bounce bids over the resurve.
The only way you find it's TRUE worth, is if it sells.
Especially if there is no resurve, as all biding should be genuine.
Tony.
Sadly even if you turn up at the auction. You still wont know it's full worth.
Let's guess the resurve is £9k, that means the auctioneer can legally bounce bids of the wall to £8,999.00
Perfectly legal, as long as he doesnt bounce bids over the resurve.
The only way you find it's TRUE worth, is if it sells.
Especially if there is no resurve, as all biding should be genuine.
Tony.