Hi Mike,

I don't think there's anything wrong with going to private
auctions for all the reasons you mentioned. I have never had a
problem bidding on private auctions. If your sales should happen
to drop off because of it, you could always switch back to the
way you're doing it now.

If I sold chips on ebay, I would want people to bid. As a buyer, I
kind of like the idea of not knowing who I'm bidding against. That way,
the loyalty issue isn't a problem.

Thanks Mike,
Katie