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Old 09-08-2007, 05:30 PM
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Default Auction House Conflict of Interest

Posted By: peter chao

JimB,

I couldn't agree with you more, transparency is important, but is it fair to the auction houses that they are held to a higher standard than other businesses.

For instance, stock brokers can sell stocks to relatives, employees, and friends, that wouldn't be a problem. Real estate agents can sell property to relatives, employees etc.

So is it fair to hold auction houses to a higher standard than professionals?

Peter C.

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