Quote:
Originally Posted by Exhibitman
I think of a true auction as a way to determine a market price by allowing bidding, not as a means of giving a buyer a discount to a market price.
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Not saying people don't have the right to do what they like, or that I even have a problem with it, but we are taught in auction school that an auction is intended to set the market not reflect it. The only way that happens is by encouraging bidding, not limiting it.