Quote:
Originally Posted by Lorewalker
Two Net54 members state they were the immediate under bidders. On any lot in any auction the person who wins that item could always been willing to pay more but if nobody else bids then in the auction format, that is market value. We use those results predominantly as market value in the hobby. Fixed price is another way to determine market value but it does not in any way invalidate the auction result. What something is worth or what its value is in many cases can be a fluid concept. As it stands, 762K is a valid comp, love it or not.
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Indisputably, $762k is a valid comp. It sold, in an auction, for $762k. I do think it would have done better in a different auction house, but that's pure speculation. The fact is it sold for $762k