Just found this interesting:
<a href="http://www.redfin.com/CA/Irvine/2-Vernal-Spg-92603/home/5899774">2 Vernal Spring</a> listed on 3/30/2009 for $4,150,000.
Later, <a href="http://www.mcmoniglegroup.com/certainsale/pll/listing_detail/?ID=1356">2 Vernal Spring also</a> became one of John McMonigle's "90 Day Certain Sale" properties with "Buy It Now" price of $3,966,037. The current high bidder on McMonigle's auction is $3,100,500. The listing price has been lowered to $3,695,000. Does that mean the "Buy it Now" price has also been lowered?