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https://www.dropbox.com/s/esi4k4x1e7uof3f/Script_TrenoAuction.txt?dl=0
More specifically, it's the two last functions, "Treno_Noble_X_Init" and "Treno_Noble_X_Loop" you are interested in (and also "Auction_Init" for the appeal of each item).
In short, nobles who bought an item will have a penalty for subsequent items and the Baron has a boost for the 4th item.
It isn't clear to me if bidding often or not or getting price high enough early are rewarding strategies.