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Posted By: Jay Miller

Scott--If you say your special arrangement with Lelands does not affect final prices at all then I have one question for you: Would you bid as high and on as many items if this special arrangement did not exist? If the answer is no then your special deal does affect realizations. Since Lelands is not a charitable institution I would guess that they would not provide this arrangement (since it ties up capital) unless they thought it would increase profits, eg realizations.