Heritage Auctions - Boston Garters

[Peter_Spaeth]

Originally Posted by Casey2296

But that would put Aaron in Powells current position. Aaron would have gone to bed winning the single lot and not being able to bid higher, woken up the next morning and see that he lost the lot, assuming Powell went higher on the set.

It has to end sometime. I agree no way is perfect but I think mine achieves the intent of the auction. And bidders on single lots are on notice they might lose out to the set.

[Casey2296]

Originally Posted by Peter_Spaeth

It has to end sometime. I agree no way is perfect but I think mine achieves the intent of the auction. And bidders on single lots are on notice they might lose out to the set.

The singles and set have to be linked and run at the same time and all end after no bids after 30 minutes on any singles or the set. The software was not set up for that format, this scenario should have been anticipated by the AH and made adjustments.

[Peter_Spaeth]

Originally Posted by Casey2296

The singles and set have to be linked and run at the same time and all end after no bids after 30 minutes on any singles or the set. The software was not set up for that format, this scenario should have been anticipated by the AH and made adjustments.

So if you're King Solomon what do you now do about it?

[Casey2296]

Originally Posted by Peter_Spaeth

So if you're King Solomon what do you now do about it?

Award the set to Powell since he was the high bidder at the time Heritage closed the lot, they should have closed the singles at that point but the software didn't allow that. No matter which way Heritage goes it will be unfair to someone, in this case Aaron who did nothing wrong and played by the rules. Maybe Powell can work out a deal with Aaron for his extra BG Jackson or Herzog if he is awarded the set.

[puckpaul]

In think the only fair thing to all is a rebid from the close and it only stops when no bids on ANY lots for 30 minutes. Powell should never have been the winner when it said so, and to declare so would now be unfair to the individual lot bidders.

[molenick]

Originally Posted by Casey2296

Award the set to Powell since he was the high bidder at the time Heritage closed the lot, they should have closed the singles at that point but the software didn't allow that. No matter which way Heritage goes it will be unfair to someone, in this case Aaron who did nothing wrong and played by the rules. Maybe Powell can work out a deal with Aaron for his extra BG Jackson or Herzog if he is awarded the set.

I think we are not considering all the other individual lot winners who may be totally unaware of the situation if they are not on Net54. So they go to bed thinking they won, get their invoice, pay it...and then Heritage says "you didn't win, here's your money back". Powell can't make a deal with all those bidders as well.

And, no, I don't know the answer either. But my guess is that Heritage will let the results stand as they played out (and compensate Powell in some way).

[Casey2296]

Originally Posted by molenick

I think we are not considering all the other individual lot winners who may be totally unaware of the situation if they are not on Net54. So they go to bed thinking they won, get their invoice, pay it...and then Heritage says "you didn't win, here's your money back". Powell can't make a deal with all those bidders as well.

And, no, I don't know the answer either. But my guess is that Heritage will let the results stand as they played out (and compensate Powell in some way).

No doubt, the other bidders would essentially now be in Powells position, not fair to them but neither is locking Powell out from going higher. The third option would be to re-run the auction. Any way they go is going to be unfair to someone.

[Aquarian Sports Cards]

Originally Posted by Casey2296

No doubt, the other bidders would essentially now be in Powells position, not fair to them but neither is locking Powell out from going higher. The third option would be to re-run the auction. Any way they go is going to be unfair to someone.

While it would suck, re-auctioning it would be fair to the bidders, it may well NOT be fair to the consignor as the bidders may not be interested in playing again after having a bad taste in their mouth.

Fair, or at least equal, where the bidders are concerned is achievable, but there is no perfect solution.

[Peter_Spaeth]

Originally Posted by molenick

I think we are not considering all the other individual lot winners who may be totally unaware of the situation if they are not on Net54. So they go to bed thinking they won, get their invoice, pay it...and then Heritage says "you didn't win, here's your money back". Powell can't make a deal with all those bidders as well.

And, no, I don't know the answer either. But my guess is that Heritage will let the results stand as they played out (and compensate Powell in some way).

How do you compensate Powell for what it would have meant to him to own and display the set?

[Johnny630]

I’m so sorry Powell....I hope you never deal with Heritage again. So messed up.

[molenick]

I don't know. I don't know the solution. Maybe compensate is the wrong word.

But if they award the set to Powell, what do they tell the person that thinks they won the Cobb and wants to display it with their Ty Cobb collection.

Just to be clear, I feel terrible for Powell. I am just saying that awarding the set to Powell raises issues with all the individual lot "winners".

[Yoda]

Originally Posted by Peter_Spaeth

So if you're King Solomon what do you now do about it?

I am glad Heritage didn't follow King Solomon's advise and rip the cards in half.

I also feel that, that as it appears the individual lots have trumped the aggregate, Heritage in the person of Chris Ivy needs to speak to Powell and offer something to him being the innocent party here. Powell could cause Heritage a serious migraine if he chooses to go public. A blowoff email, given Powell's long history and the sums spent over the years, is imo insulting. It is clear that the systems people were not in sync with management or vice versa. AI?

While it is a small thing, Heritage benefited by reaping a bit more BP by going with the individual bidders.

What is truly sad is I doubt we will never see such a beautiful lot
of BP cards again at auction.