Joe- I agree with your thinking and I will tell you that when I ran auctions I owned many of the lots. But here was my predicament: as a small auction house it was becoming increasingly difficult to get consignments, especially high end ones. The only way to round out my auctions and give them some pizzazz was to put in my own material. If I relied entirely on consignments, I was basically done. A big auction house doesn't have to worry about that, but I did. It was sink or swim.
As it turned out, I sank, but that's a story for another day.
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