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Old 04-08-2008, 12:42 PM
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Default Group purchases in REA, Mastro

Posted By: barrysloate

Matt- I would prefer the group bid to $6000, but again, they may not have to without an aggressive underbidder.

What if a group decides to go to 20K on a lot, far more than any individual would be willing to pay, but in the end they get the lot for 14K, due partly to the fact that all the major players joined the group? I think it can go both ways.

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