RE:RE:RE:Does this not cause anyone concernmwormser wrote:
That's what I was going to discuss when I asked about the bidding process. Would it be better if DB sells all the fancies and give 49% to MPV? They probably get more money for their stones. Don't know though. martin
Martin, the winner does NOTgive the loser 49% or 51% of WHAT THE DIAMONDS FINALLY SELL FOR.
The loser gets 49% or 51% of what the winner bids against the loser. Then the winner goes out and KEEPS everything he sells the finally diamonds for.
The bidders in this two-way auction, probably bid somewhat less than they think they can sell them for. That is because if they bid more than they actually sell them for, they lose money.
Imagine your are going to bid on something that you only plan on reselling, how much are you going to bid? That is the position thst DBs and MPVD are in when they bid on the fancies.