Posted By:
CoreyRS.hanusJim,
To respond to your question about who cares about BPs, I would think consignors would. Not because it will have any impact on the final price realized. On that I agree with you-bidders will factor that in in deciding how high to go. But I would think the lower the BP, the more of the final realized price will go into the consignor's pocket, and that is something a consignor would care very much about.