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I guess I'm dense too. I don't see any practical difference between a shill and a reserve, both are the seller's lowest price.
Donster: You're saying that if there were no shill bidding, and there was instead a reserve, that you'd be able to extract the next highest buyer's price? You'd use that to inform your market value?
Or are you wishing that folks would actually sell their cars without any reserve so you could get them cheaper?
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