Posted By:
ElliotI would raise two points:
1) the bidding started at $19k...my guess is that one guy started it high and scared off people who thought they would have no chance to outbid the guy. Sort of like us panhandlers when we need to bid against Hal.
2) things like this lot can happen at a live auction where people don't have a chance to react. By the time they think to themselves I should bid because nobody else is and the lot is going cheap, the lot has closed.