Quote:
Originally Posted by ValKehl
Peter, I disagree. Doing this will presumably piss off both Powell and the consignor, who would have realized more from the sale of his set if Powell had known he needed to increase his bid and been able to do so.
As I see it, FWIW, the only equitable solution is to re-auction these cards with only those who previously bid on them permitted to participate. And, obviously, the total of the bids on the individual cards needs to be made continuously available to all bidders. And, all bidders need to be able to increase their own bids, and all lots need to close at the same time.
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Much like a live auction format with all 13 bidders on the phone, no 30 minute waiting period, Powell against 12, at that point it becomes who outspends the others, good for the consignor probably bad for Powell but it does give everybody a fighting chance, unfortunately you can never recreate auction night and bidder anonymity is no longer there.