"Jeff Miller" wrote in message
news:M7G0c.19765$TT5.18521@lakeread06...


Peter Charles wrote:



Provided the auction isn't rigged and there are enough bidders, an
auction is usually a good indicator of fair market value.


Indian Joe remembers---don't know whether you would called "rigged" or not
but better not attend any Duck's Unlimited banquets if you are looking for
fair market value. You have a few drinks--you eat and drink a little more--
then the auction starts and the cute little wives bring you drinks and
encourage you to bid--" oh Joe you are not going to let harry have that
print are you?"
Next morning you wake up with a sorry print of 12 flying ducks for which
you paid$82 dollars each.
Two years later at divorce hearing she says part of your half of estate is
a $984 dollar art work--and she has tax deductible receipt from Ducks
Unlimited to prove that value.