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#11

06-07-2007, 01:48 PM

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Live From Sothebys

Posted By: barrysloate

Richard's point is hard to dispute. However, I think there is a natural wariness that bidders have regarding auction houses, and when that is compounded by the fact that the auctioneer is clearly calling out bids that were never placed, that distrust is magnified.

From a purely economic vantage point Richard is correct, but there is a human element that is in play also.

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