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In auction whats the 'Guide Price'

Asked on Jan 26 2016, Selling in Norfolk | Report content

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  • An estimate of what the auctioneer expects the sold price to be. More likely to be on the low side (to attract interest from potential bidders) than an over-estimate. In principle the guide price should not be lower than the reserve price.

    Answered on Jan 27 2016, Report content

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