Depends on the terms of the auction. If we take the California legal definition of Fair Market Value for real estate:
> The fair market value of the property taken is the highest price on the date of valuation that would be agreed to by a seller, being willing to sell but under no particular or urgent necessity for so doing, nor obliged to sell, and a buyer, being ready, willing, and able to buy but under no particular necessity for so doing, each dealing with the other with full knowledge of all the uses and purposes for which the property is reasonably adaptable and available.
A 7 day auction on a complex product like this may be a little short to qualify with the necessity clauses, IMHO; there's a bit too much time pressure, and not enough time for a buyer to inspect and research.
I think Auctions exist explicitly to potentially buy or sell an Item with a delta on it's Market Value? I.e. Buyers want the chance to buy below and sellers to sell above. Neither really wants to engage in the transaction at all in the reverse situation or even in the "Market Value" case. You would just make a direct sale and avoid the hassle of an auction.
> The fair market value of the property taken is the highest price on the date of valuation that would be agreed to by a seller, being willing to sell but under no particular or urgent necessity for so doing, nor obliged to sell, and a buyer, being ready, willing, and able to buy but under no particular necessity for so doing, each dealing with the other with full knowledge of all the uses and purposes for which the property is reasonably adaptable and available.
A 7 day auction on a complex product like this may be a little short to qualify with the necessity clauses, IMHO; there's a bit too much time pressure, and not enough time for a buyer to inspect and research.