Do you think the no-reserve auction works for yachts?
你认为无底价拍卖对游艇有用吗？
Many pieces that fail to achieve their reserve price at auction are quietly sold afterwards in “private-treaty” deals negotiated by the auction houses.
许多在拍卖行无法卖出其最低价格的艺术品，之后便会在台下悄悄地按照“私人协定”交易来完成，拍卖行则会充当协商方。
In auction without reserve, the object must be sold to the highest bidder.
拍卖中不存在保留物品一说，所拍卖物品必须卖给出价最高者。
In auction without reserve, the object must be sold to the highest bidder.
拍卖中不存在保留物品一说，所拍卖物品必须卖给出价最高者。
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