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Hi Adriana,

My appologies for not being clear on this topic.  I mentioned earlier in the show that I do not like to have SHILL bidders in the audience.  And in regard to the reserve (after reviewing the interview) I realized that how I worded this would make you think things shady.

So, here is the deal, when I have the control over a reserve item, I can disclose that it has a reserve, or let it be known that the item was "made affordable by" rather than "donated by" said donor.

There are times when an organization will request for me to use the reserve method for an item to get it to the donors requested selling amount.  Many times all the money will still go back to the organization, but (in the case of art) the donor doesn't want their work undervalued.  Or in the case of a consignment, they will have to pay the base amount of an item, if it doesn't go over that price.  I think many auctioneers use this method of Reserves and bidding against the audience to keep the momentum of the night.  At a benefit, there is nothing worse than the item that doesn't sell, and you have to announce it.  We want to keep energy up,  so the item is sold to a house number.

Thanks for your comment, and feel free to email me if you have any other questions.

Best,

Kelly

www.kellyrussell.com

posted 2 years, 5 months ago
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Thanks to everyone who tuned into Think Out Loud today!  It was great fun to be a part of the show.  I also want to say thanks to those who had questions on the air and who commented online as well. 

I hope everyone found something of interest in the conversation.  If you have any other questions that I can answer, I'd be happy to do so.  You can find me online at the following locations:

www.kellyrussell.com 

Facebook: Kelly Russell Auctions, LLC

Twitter: AuctioneerKelly

Here's to your fundraising success!  Thanks again!

posted 2 years, 5 months ago
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