Russo and Steele 2008 Scottsdale Arizona

[black69]

I think its going to be 360k (hemi and the pontiac) and the rest balance out at 45k min (this is a reserve aution so somebody will know the reserve and bid up close to it), so that another 360k. 720k minimum. figure 1/3 will sell. the remaining cars will come magically within 90% of their reserve, so .9 x 720k = 650k.

so 2/3 of cars will bid up to 2/3 of 650k = 433k
1/3 of 720k will sell thus 240k

433+240= 673K.

the way stefano wrote the commision, it applies to everything, so add 10% which is another 67K.

so I go with 740K, just below seattle sam...