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#1
07-08-2005, 02:20 PM
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auction turnaround
Posted By: Scott M
Different payment terms as are being hinted at is hardly a level playing field. It would lead one to ask if the commission being paid is the same? Are rebates being applied? Basically if your bidding on these lots, you're in essence bidding against not just the participants in that auction but against hypothetical participants in a future auction. By changing the payment terms and possibly consignment terms, the auction house is lowering the risk for the entity that takes the item into the future auction. 
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