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Pricing Exercise - How would you handle it?
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<p>[QUOTE="ddddd, post: 4951239, member: 22377"]I did find that information and you are right that is part of the story too. I'm not sure why I didn't mention it in this thread (should have done so). Not knowing what the reserve was though does make it hard to judge. If the reserve was close to or below the $350, that tells us one thing (suggests that old auction result was optimistic) but if the reserve was well over the $350, that makes is more difficult to judge (only tells us that the reserve was too high but does not confirm that the $350 was too high).[/QUOTE]</p><p><br /></p>
[QUOTE="ddddd, post: 4951239, member: 22377"]I did find that information and you are right that is part of the story too. I'm not sure why I didn't mention it in this thread (should have done so). Not knowing what the reserve was though does make it hard to judge. If the reserve was close to or below the $350, that tells us one thing (suggests that old auction result was optimistic) but if the reserve was well over the $350, that makes is more difficult to judge (only tells us that the reserve was too high but does not confirm that the $350 was too high).[/QUOTE]
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