Some agents or sellers automatically think they will have to dump their properties at 20-30 cents on the dollar. But nothing could be further from the truth. Like glenn said alot of times Auctions drive up the price the seller would get on the open market. People are competitive by nature. They see something they like they want and do not want anybody else to have it. For the seller to have 10, 20, or 50, people at his property on a exact day with a cashiers check in hand. I dont know about you but If im a seller i like those chances better than the MLS.