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28-12-12, 09:59 AM
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#61 |
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Senior Member
Join Date: Nov 2008
Posts: 1,527
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The guide price is a figure suggested to get punters to the auction, hopeful that they can buy at said lower guide price but actually get caught up in the bidding 'frenzy' and pay far more.
A reserve price is a single figure which once reached places the car actually or provisionally on sale. |
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