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Podcast · Aug 2025

Auction design, or why the reserve is the wrong lever

A conversation on splitting estates, sealed bids for scarce lots, and pricing de-installation into the lot rather than leaving it to the buyer.

Elena VasquezChief Executive Officer · 38 min read

Elena Vasquez and Jonas Park on what actually moves clearance: lot construction, buyer-pool width, and the specific mistake of setting a high reserve on an asset with three known buyers.

The episode covers the Cassini fab clearance in detail, including the decision to run 40 scarce tools through a sealed-bid process while the remaining 560 went to a timed online auction.

Recorded in Chicago, August 2025. Thirty-eight minutes.

This note reflects transactions completed by the group and is published for information only. It is not an appraisal, a valuation opinion or an offer of credit.

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