Quote:
Originally Posted by Rhotchkiss
Here is an interesting hypothetical, and is nothing more than hypothetical considering (1) we don’t know if Powell had in a max bid that exceeded his last bid, and (2) it’s unlikely that Powell would have been able to bid against himself (in the complete set lot), but what happens in this situation:
Powell is high bidder on the set at $615k with a max bid placed of $640k. When the 30 minute timer on the set lot ends, Powell’s $615k bid is higher than the aggregate of the individual lots at $610. However, some of the individual lots remain open and one lot gets two more bids before it closes, pushing the aggregate to $620k. Powell has a $640k max bid placed, but his auction is closed, so his auction will not recognize the $640k max bid, which would have beat the $615k aggregate….
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I can find 10 people in a 50 foot radius of my office right now that would be able to write and handle that logic in any programming language that Heritage uses. I bet it could be done in less than 8 hours.
It is insane to me that these things were not linked for a company moving hundreds of millions of dollars worth of collectibles per year.