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Posted By: barrysloate

Corey- all your points are well taken but what you are omitting is the consignment perspective. Without all of these built in guarantees, consignors would walk. I know you will respond that if none of the auction houses placed book bids, then every one would be on an even playing field. But if one offers ironclad protection and the other doesn't, then the "honest" auction house will go out of business, and all the great consignments will go elsewhere.