I Love the Story of the Reserve Auction

Denis Obeidallah: I love the story because i think it can have shows of a, you know, with a very bery specific example that we can all relate to. He says there's this mechanism called the reserve auction and when a bid is placed, there's a 24 hourcount down that begins. The idea was what if those ten people underneath that got outbid, what if they could poll their money? This would be completely impossible if you were building a bidding on an auction widh like southerby's,. he adds. 'I was incredible example of, right? Right?' asks Obeidallah.