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<p>[QUOTE=&quot;4to2centBC, post: 3133875, member: 76181&quot;]I am currently bidding in a Christies auction (You might not know them.)</p><p><br /></p><p>Photo estimate $5-7.5k starting bid $1,500............30% opening price. According to you and Rich, this is foolish for anyone with pricey or unique items. Christies attracts a lot of fools I guess.</p><p>&nbsp;</p><p>Ever hear of Sotheby&#039;s? Same deal. I can go on and on, but I won&#039;t. </p><p><br /></p><p>The thread started about estimates around Richs auctions. I offered him a suggestion to improve his auctions. Increased participation (less complaints by lowering the barrier to entry) and better odds his customers will sell at a fair price (less no-sales and drawn out sales cycles)</p><p><br /></p><p>Everyone else has offered nothing of substance. Just a lot of sycophants jumping in with bewildering logic based on anectdotes and nonsense. I bet nobody has a business degree. But the opinions keep coming.</p><p><br /></p><p>btw I have assumed you are an expert in RR, but that is because I know less than you about them. Now I wonder if I presumed too much.[/QUOTE]</p><p><br /></p>

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