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<blockquote data-quote="AAOK" data-source="post: 123134" data-attributes="member: 861"><p>Not really. Market Value is simply the price at which something will sell within a reasonable period of time. This being on the open market, not in the confines of an auction.</p><p></p><p>As consumers, most people shop in retail stores and pay the price printed on the price tag. A sweater in a retail store is worth $34.95 because the tag says so. Three months later that same sweater may be on sale for $8.75, because it did not sell within the appointed period of time.</p><p></p><p>In a private treaty agreement, the buyer and seller must come to an agreement within a certain period of time. They may, or may not, be on the same time schedule. </p><p></p><p>Auction is immediate. The results are determined by the number of active bidders. More bidders favor the seller; fewer bidders favor the buyer.</p></blockquote><p></p>
[QUOTE="AAOK, post: 123134, member: 861"] Not really. Market Value is simply the price at which something will sell within a reasonable period of time. This being on the open market, not in the confines of an auction. As consumers, most people shop in retail stores and pay the price printed on the price tag. A sweater in a retail store is worth $34.95 because the tag says so. Three months later that same sweater may be on sale for $8.75, because it did not sell within the appointed period of time. In a private treaty agreement, the buyer and seller must come to an agreement within a certain period of time. They may, or may not, be on the same time schedule. Auction is immediate. The results are determined by the number of active bidders. More bidders favor the seller; fewer bidders favor the buyer. [/QUOTE]
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