Mark:

One of two things frequently happens in cases like this.

1. The gun has been frequently listed and interested parties have seen serious bids which never seem to reach the reserve price, so they just quit bidding on it, or....

2. There may be a "buy it now" price which is too high to be of interest, so potential bidders figure it's just not worth the effort to submit a bid.

We see some of these almost every month!

Roy