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Old 02-28-2007, 06:43 AM
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Default My experiment on the BST

Posted By: Joe D.

Very similar to what you did, I did give some direction... in that I put a minimum $ amount for all offers.

After going through this though... I believe people are more comfortable seeing a specific price and deciding whether or not they want to pay more. The unknown of the sealed bid most likely scared off a few potential buyers who might have participated had it been a traditional auction.

That is what I take from the experience.

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