8245L & Alpha = Mugloto = Top $, page-88

What funds manager here is familiar with the ruby market?

Unless GEM is planing on excluding any buyer from its auctions who participates in MUS’s auction I can’t see why any rational buyer will avoid the MUS auction. What buyer is going to say “I am not going to the MUS's auction because I want GEM to have a monopoly and force me to pay high prices. I want to be held to ransom by GEM and so I will stay away from anyone else’s auction”.

If anything I am more worried that the buyers might pay a premium to MUS in the upcoming auction just so they have a competitor to GEM. If they did this may mislead us as to MUS's value.