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<blockquote data-quote="SSG_McD" data-source="post: 4193427" data-attributes="member: 52267"><p>The buyer sets the price dependent on terms that the auction house sets such as a reserve etc. I understand how an auction works.</p><p>Do you think this company would invest a lot of time into marketing and other work to take a loss?</p><p>Auction companies certainly do have a big say in price.</p><p>It’s not complicated.</p><p></p><p>How many times have you seen something relisted for auction multiple times because a value or a reserve wasn’t met.</p></blockquote><p></p>
[QUOTE="SSG_McD, post: 4193427, member: 52267"] The buyer sets the price dependent on terms that the auction house sets such as a reserve etc. I understand how an auction works. Do you think this company would invest a lot of time into marketing and other work to take a loss? Auction companies certainly do have a big say in price. It’s not complicated. How many times have you seen something relisted for auction multiple times because a value or a reserve wasn’t met. [/QUOTE]
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