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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Jurgis Bekepuris who wrote (30906)	5/10/2008 2:18:18 AM
From: Spekulatius	Read Replies (1) \| Respond to of 78666

BID's explanation for the cost increase makes no sense. on the one hand, they are saying that they auctioned more high value items, which have lower margins. However, a lower number of items with a higher average price should also mean lower costs. this if course is the opposite of what happened I think something is amiss here. Maybe the sales need much more prodding from BID to go through. BID's management will never let us now if the art market weakens since this would be scaring away the remaining buyers.