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#15
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I just wanted to say that I don't think Huggins and Scott is alone in doing this. Other auction houses have also been known to do this. I can't remember the thread, but I thought I remember that one of the auction houses gave the excuse that if the lot was going for a really good value, they would also look into purchasing the lot for themselves.
I think the auction house with the best integrity would again fall back to REA. No hidden reserves, no employee bidding, no employee owned lots (unless fully disclosed), etc. I think that they are still the gold standard. |
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