Quote:
Originally Posted by Fred
Does anybody think that the recent market slide will affect bidding in the auctions that are active? Subconsciously?
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Hard to imagine it induces bidders to be more aggressive. At best they might ignore it. Somewhere in the middle it might be a subconscious drag on those animal spirits driving people to bid like there’s no tomorrow. And on the other end, some bidders might deliberately pull back.
If the downdraft continues for a while and extends in intensity, it’s hard to imagine that it won’t have an effect.
Like most things in life, it’s a lot easier to identify once it’s happened. I guess we’ll see.