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#3
05-23-2008, 07:26 AM
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Psychology of the Buyer's Premium
Posted By: Anonymous
some people are just dumb and don't consider the BP when they bid. Others get fooled by accident. Most do consider it, but you only need a few stupid bidders to make it effective. But raising it too high will also get their attention sooner or later. I wonder if 25 percent cross the line. I would not be thrilled to own Christie's stock. 
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