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#10
08-16-2014, 05:43 PM
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Let's say that I am the highest bidder on an item. Then, someone comes along, outbids me, wins the auction, and subsequently "cancels" within that one hour time period.
Would my obligation to purchase the item be considered void when I am outbid -or - would I be required to purchase it, since I was the highest "real" bidder? Furthermore, if I was required to purchase the item, which price would I be invoiced for...the one in place before I was outbid or my max? If required to purchase at max bid, shill bidding will run even more rampant than before. 
__________________
Eric Perry Currently collecting: T206 (135/524) 1956 Topps Baseball (195/342) "You can observe a lot by just watching." - Yogi Berra 
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