How about if you put it up on e-bay with a $10,000 minimum and make the
hidden reserve $750,000. The low ballers will creep bid the thing up to
$40,000 and some sniper will bid another $10,000 in the final seconds.
Auction ends with the highest bid at $50,000, but you don't have to sell
it because they don't make the reserve. Fair Market Value? Why not?
Doubts about a one-time auction? Do it twice and average the 2 highest
ending bids. Lower the reserve on the second auction to $740,000. You
followed ALL the rules.

I don't believe e-bay auctions have ever been used to establish FMV.
What better way short of actually selling the beast can you establish
what the public will pay????? With a house, the appraiser's opinion does
not mean a hill of beans. The selling price establishes value.

Holes in this theory?(I'm sure there are PLENTY).
Thanks,
Mike