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Old 05-06-2004, 04:58 PM
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Default Mastro vs. Robert Edward Results....

Posted By: Scott Bob

"....LOWER their buyer's premium to 10%"

I strongly agree of this

Honestly, I don't see much bidding method diff between Mastro and REA. I know REA offered a so-called Honest Auto-Bid. But I assume Mastro would not bid up our max bids that we put into their system anyways (unless Rob Lifson knows Mastro has been doing that and that's why he decided to leave Mastro since he knows that would be a potential bomb).

However, I do like REA didn't use the 10% incremental bid method that has been widely used in public auction houses.

What I am saying is the next bid of $1500 is $1600 (instead of $1650) would make me feel I could save $50 if I put the next bid in

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