Quote:
Originally Posted by Vintageclout
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.
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Agree with all of this...
Such a scenario can never work in an "individual lot closing" format and these problems should've been foreseen. This will cost Heritage dearly, not to mention the Consignor (who left A LOT of money on the table).