Heritage Auctions - Boston Garters

[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.