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Auction question
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Started by Glassman10,

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Glassman10

Glassman10

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Posted
Auction question

So Heritage had an auction with an AF 15 in a 4.0 last month and it appeared to have been sold at about $35K. It went into a listing in GPAnalysis as a 35K. The sale date was I believe May 6th although I'm not positive. Then, earlier this week, the listing changed and it showed it was sold for $30,500 and I am assuming it was the same book.  Auctions are not something I particularly understand, especially after looking at this. Can anyone help me out and explain what occurred here? I understand the notions of both buyer's and seller's premiums but have thought the final price would include the buyer premium since that was the actual price paid.  Did some one default here or what?

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