Quote:
Originally Posted by Peter_Spaeth
I think what they own is more in the nature of an option subject to a contingency, I don't think they own the cards, they haven't paid and indeed they are not obligated to pay under any circumstances.
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Unless terms and conditions state otherwise ownership changes hands at the fall of the hammer (literal or virtual) NOT at the time of payment. So by law, the winning bidders could easily be considered the owners.
Auction law is weird, the situation is weirder, lawyers could get rich off of this kind of weirdness.