Quote:
Originally Posted by oldjudge
Powell--Regardless of what your HA page said, how could you ever have won the lot? The auction indicates that the cards will either go to the individual bidders or the aggregate bidder, whichever yields a higher total. These would have to be compared when the auction is closed and if I understand the facts correctly when the auction closed the individual bids exceeded your bid.
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Jay - I agree with you 100% based on the intended philosophy of the set vs. sum of the individual lots format. This whole mess could have been simplified by Heritage changing the rules for ALL the Boston Garter lots whereby all 13 lots (including the set) stay open until there is not a single bid for all 13 in the 30-minute overtime period. This would give all associated bidders an equitable opportunity. Furthermore, this might also be a scenario whereby the software should be tweaked to allow an individual to place a higher straight bid (vs. a ceiling bid) to raise the price of their winning lot. Such a format would have actually initiated a potentially intense bidding war between individual lot bidders (especially for lots such as the Jackson and Cobb) versus the complete set lot - a huge benefit for the consignor, and a fair alternative for all related bidders.