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Posted By: Jay

Barry--I've heard that arguement before. Auctioneers do not want to risk a lot not selling so they start bidding very low to avoid that possibility. After the fact they can always argue that the market is what the market is. This independant academic study says otherwise. As an auctioneer who I'm sure wants to maximize your consignor's realizations, are you going to try to obtain a copy of this study?