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<p>[QUOTE=&quot;medoraman, post: 4514053, member: 26302&quot;][USER=112660]@MSG 78[/USER] , we all appreciate you speaking to us here sir. You truly have great people working for you Mike.</p><p><br /></p><p>As to my position on this thread, it is two-fold. First, regarding any buyer &quot;buying up 70% of the auction&quot;, oh well. It is capitalism. If they have the money, they can buy what they want. There are unlimited wants in this world. I sure would love to own a Davinci Codex, or a malibu beach house, or all the Eid Mar&#039;s in the world. I don&#039;t have that much money. Am I &quot;mad&quot; at people who do? Heck no. I should strive to do what they did to get such money. I do have more than two nickels to rub together, live in a lake community in one of the best suburbs in my vacinity. I sure there are 20,000 families near me that wish they could have my house instead. Just like I do not feel guilty living in my home that I could afford but others could not, I do not feel bad about anyone outbidding me at an auction. They bid more money period.</p><p><br /></p><p>As to the &quot;clearing the books&quot; comment from the auctioneer, I could see it MAYBE when the live bidders have maxed out the prebidders. Even then its a maybe. I always envisioned my prebid as basically a proxy bid. The lot opens normal, live bidders bid against my prebid, (if I am the highest prebid), and a price is determined. Many of us who buy 3,4, or 5 figure coins do not have the luxury to listen to an auction live, let alone attend it. If my prebid will always be tipped off to floor bidders so they will always have that upper hand, like others it will simply discourage me to bid at all. I was gong to bid on a couple of high end Byzantine gold this last auction but got distracted. However, hearing this makes me leery now. I would suggest, simply as one businessman to another, to draft and publish guidelines on when the auctioneer may announce &quot;to clear the book&quot; simply so everyone knows the rules of the game. IF real money is involved, most people do not like playing a game they believe is rigged against them. The danger is if enough people stop prebidding, net realized prices will decrease since it is always the underbidder that sets the final gavel price.[/QUOTE]</p><p><br /></p>

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