1) I think was wrong about the rules for Siato auctions. I'm so used to bids being raised to the next level, according to a standard percentage, not just up to the max.

2) I still don't think there are as many people online as we imagine. Club auctions have a better audience of motivated and informed buyers. There are also many chips that we would never see one eBay because of the reserve vs bargain hunters risks.

3) The club auction is live, in Las Vegas, at the convention! Maybe I should have written, that the top value is beter represented due to the situation.

Book value is a great educational and research tool for all of us.