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Old 04-03-2009, 06:32 PM
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Default Partnering On Auction Lots

Posted By: CoreyRSh.anus

In my view there are extraordinarly few, if any, absolutes in the law. And I don't believe this is one of them. If a group forms because otherwise no member would have the means to partake in the lot, I see no legal (or ethical) issues with it. To go further, one could make a very compelling case that the formation of the group created another viable bidder, a reasonable result being a greater realized price to the consigner.

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