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Posted By: JK

Thanks for the reply Barry.

I really wasnt questioning your practices so much as making an observation (which I think youve confirmed) that what Mears is asking (with the exception of the auditing) is exactly what the better auction houses such as yourself are already doing or should be doing.

That said, unless it is the auditing or the perception that they are being strong-armed that is at issue, I dont understand why none of the auction houses other than REA have agreed to Mears terms.