This weekend, at Goldin, seven high-profile items failed to meet their reserve.
Of these seven, four came from the personal collection of MLB legend Reggie Jackson, who was looking to sell gloves from Willie Mays and Sandy Koufax, as well as a bat from Jackie Robinson.
Given the results, Darren Rovell and Will Stern explain the implications of a failed reserve for both the auction house and the consigner.
Read the full story of the seven items at Goldin here.