Quote:
Originally Posted by gunboat82
The rules are that "you can't outbid yourself," but surely the auction format is meant to leave room for the complete-set bidder to outbid the individual lots as the price increases. No?
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That would have made sense but Heritage did not put in place any special rules for this auction. On their site, you can put in a maximum bid but that bid is only used if your current bid is topped
on that lot. The set bidding was not connected to the individual lot bidding. Not only that, the set closed before all the lots did. So even if Powell could "bid against himself", the lot was already closed.
The problem is that everyone involved played by the rules but the rules did not anticipate this situation (which, in retrospect, they should have).