Quote:
Originally Posted by irv
So what happens to those who bid/win but don't pay?
I would also assume, after some time has passed, that the A/H corrects the sold price to that of what the underbidder bid?
Just thinking? What would happen, with the unbidder thinking he didn't win, all of a sudden being told he told? Is he now obligated to purchase the card? What if he spent his money elsewhere before he found out? What happens in that case?
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I assuming the underbidder has the option to buy the card. I also assuming they dont update the sale price...people can correct me on here if my assumptions are not correct
I know some auction houses list names of people who didnt pay though, i guess theres a court option as well but probably rarely used.