I am afraid that my assets will not attain highest price. What happens if a “disastrous auction” occurs: I could end up giving my assets away for pennies on the dollar?
In almost 30 yrs. of auction experience, we have not had this situation occur. That does not mean that we have always met the anticipated dollar goal (although many times we have exceeded the original expectation) but we have always achieved a reasonable proportional amount. One of the most difficult things to anticipate is final selling price. We do know that anticipated appraisal price often varies between “Experts” in the field; often resulting in both negative and positive actual real life prices. It is “Apples and Oranges”. The true value of the asset is determined when buyer states, “I will write a check for this amount” and seller says, ” I will sell at that amount” until that occurs (which is what an auction does) any further discussion of value is merely academic.
Related Questions
- I am afraid that my assets will not attain highest price. What happens if a "disastrous auction" occurs: I could end up giving my assets away for pennies on the dollar?
- What happens if some of my investments are at a low point when the transition occurs? Is there a fixed point of transfer?
- What happens when a vacancy occurs?
