Adrian Stott wrote: > Auctions will not / do not inflate prices. They are simply more > effective at revealing the actual market prices.
A sealed bid auction simply reveals how rich one or two people are, not what the majority can afford. If there are 20 bids around, say, £800 - £1000 and one or two of £1500 will BW conclude that the market rate is £1500 for all future vacancies in that area? e-Bay would be slightly less unfair, at least its open and transparent (not that I'm advocating either approach.) Steve NB Bream
