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Arent auctioned properties sold at a discount?

auctioned discount properties sold
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Arent auctioned properties sold at a discount?

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A. This is one of the biggest misconceptions with auctions. The competitive bidding of an auction and the bidding of prospective bidders sets the price and market value of an asset. The item will not sell for more than the highest bid and will not sell for less than the high bid. You, the consumer, and other bidders determine the market value of an item when you buy at auction. Q.

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