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<p>[QUOTE=&quot;Valentinian, post: 4499698, member: 44316&quot;]Do I understand this properly?</p><p><br /></p><p>Suppose a book bidder is ahead at $500 with a limit of $700. If the auctioneer announces you&#039;d need to bid $725 to clear the book, an underbidder who might bid up to $600 knows his max won&#039;t win so might not bother to bid further as soon as he hears that, resulting in the $500 bid winning instead of a $625 bid winning if the auction had progressed without the auctioneers comment.</p><p><br /></p><p>How is that good for the consigner or the auction house?[/QUOTE]</p><p><br /></p>

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