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Marc S.<<Let's say that a Cobb with Cobb back is bought at auction for $50,000. Look what each party gets out of the deal. The Auctioneer gets their percentage. The Seller gets the net sales price. Basically, that's the same as saying the future value to the Seller is 0. In other words the Seller is willing to surrender any claim of the future value in exchange for the net sales price. >>
How is this different than anything else? Isn't this essentially the definition of a sale, whether it is Leon consigning his Four Base Hits to Mastro or if it is my father selling a pound of beef at the supermarket?
Isn't a sale, by definition, an exchange of cash or credit today to transfer ownership to someone else?
Are you overthinking transactions a wee bit, Peter?