Senator Moylan pointed out that many of the auctioneers with whom we deal are above suspicion and it is important that we do not engage in scaremongering. Senator Dooley and others referred to the issue of guide prices, reserve prices and sealed bids. I accept sealed bids cannot be used if when they are opened the auction commences again. The property should be sold on the basis of the conditions laid down beforehand or else a public auction should take place. However, the use of sealed bids eliminates phoney bids, which is important.