The reserve price remains confidential and is not disclosed during or after the auction.
For hidden reserve auctions, the process is as follows:
- If the vendor accepts the final bid price, the highest bidder will be invoiced.
- If the vendor wishes to negotiate, our team will contact the highest bidder within 2 business days of the auction closing.
- If the vendor does not wish to negotiate, the highest bidder will not be contacted, and the asset may be relisted for sale.
If you are the highest bidder, please monitor your emails and phone calls after the auction closes, as our team may contact you regarding the asset.