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<blockquote data-quote="SRBeef" data-source="post: 601064" data-attributes="member: 7509"><p>Unless I am missing something, isn't a "floor" the same as a "minimum bid"?</p><p></p><p>If an actioneer can start bidding under the "floor" but the seller will not accept any selling price under the "floor", doesn't the floor really become a minimum bid that can actually purchase the animal? Why would I place a bid under the floor price if I know I can not buy the animal for that - might just as well start at a minimum bid that could buy the animal?</p></blockquote><p></p>
[QUOTE="SRBeef, post: 601064, member: 7509"] Unless I am missing something, isn't a "floor" the same as a "minimum bid"? If an actioneer can start bidding under the "floor" but the seller will not accept any selling price under the "floor", doesn't the floor really become a minimum bid that can actually purchase the animal? Why would I place a bid under the floor price if I know I can not buy the animal for that - might just as well start at a minimum bid that could buy the animal? [/QUOTE]
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