Quote:
Originally Posted by Casey2296
No doubt, the other bidders would essentially now be in Powells position, not fair to them but neither is locking Powell out from going higher. The third option would be to re-run the auction. Any way they go is going to be unfair to someone.
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While it would suck, re-auctioning it would be fair to the bidders, it may well NOT be fair to the consignor as the bidders may not be interested in playing again after having a bad taste in their mouth.
Fair, or at least equal, where the bidders are concerned is achievable, but there is no perfect solution.