The E-Sylum:  Volume 5, Number 18, April 28, 2002, Article 3

ESTIMATE, SCHMESTIMATE

  From the Astarte terms of sale: "The opening bids will be the
  estimate, unless there are higher offers.  Bids below estimate
  will not be accepted"    Perhaps something was lost in the
  translation to English, but that sounds more like a minimum
  bid than an estimate.  Is this practice common in European
  auctions?

  Wayne Homren, Editor

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