Interesting story about Bench Auction

[steve B]

I don't know the details here, but at one time some auctions allowed "buy bids"
Basically an open ended bid to buy at any price.
It went out of style because of potential conflicts between two people capable of placing bids like that on the same item.

[Jewish-collector]

I was wondering something like that could happen for an entire auction catalog. Let say some extremely wealthy person wanted to get started in Sports Memorabilia. They could bid $20 million dollars on every lot in an REA, Heritage, etc,... and win every lot !!!

[Bigdaddy]

What a kind, selfless act of friendship that started when Johnny was 19 in spring training in FL. And now Johnny is donating all those items to different museums so that they can be seen by many more folks.

Great story. Dan Patrick did an interview with JB a couple of days ago that is worth watching.

[steve B]

Originally Posted by Jewish-collector

I was wondering something like that could happen for an entire auction catalog. Let say some extremely wealthy person wanted to get started in Sports Memorabilia. They could bid $20 million dollars on every lot in an REA, Heritage, etc,... and win every lot !!!

It's been very close to that in a few stamp auctions. One very dedicated collector buying something like 90% of the lots from an auction of another who specialized in the same thing. The only ones let go were ones that would have given them duplicates (often of something there are only two of)