Heritage Auctions - Boston Garters

[Casey2296]

Originally Posted by Peter_Spaeth

And what if some of the individual bidders are pissed off and don't participate and it all goes lower? Heritage is not going to risk that IMO.

If that happens the base price is what the aggregate lots closed for plus $1 which Powell has already agreed to so the consignor is protected and only has upside potential.

[Peter_Spaeth]

Originally Posted by Casey2296

If that happens the base price is what the aggregate lots closed for plus $1 which Powell has already agreed to so the consignor is protected and only has upside potential.

Val said re-auction, it sounded like he was saying do it all over again, not just from the point where it closed, but maybe I misunderstood.

[Casey2296]

Originally Posted by Peter_Spaeth

Val said re-auction, it sounded like he was saying do it all over again, not just from the point where it closed, but maybe I misunderstood.

If Heritage goes that way you can't re auction with access to everybody, you've already identified the 13 interested parties, those are the only people who should be allowed to bid.

[Peter_Spaeth]

Originally Posted by Casey2296

If Heritage goes that way you can't re auction with access to everybody, you've already identified the 13 interested parties, those are the only people who should be allowed to bid.

Agree but it's a highly unlikely scenario IMO. Although come to think of it, don't you need the underbidders too?

[Casey2296]

Originally Posted by Peter_Spaeth

Agree but it's a highly unlikely scenario IMO. Although come to think of it, don't you need the underbidders too?

The underbidders on the individual lots had their shot, now it's a question of the 12 highest bidders against Powell.

[Peter_Spaeth]

Originally Posted by Casey2296

The underbidders on the individual lots had their shot, now it's a question of the 12 highest bidders against Powell.

Right, if it starts from where it ended before.

[Powell]

At worst, I should be declared the winner at $1 more than the individual lots as the last bids on those closed the market. Otherwise, any “further bids” were intended to defeat the set price and were not specific to an individual card.
While still not right, the consignor gets the benefit of the doubt and the set stays together which I bet the consignor prefers as the story and legacy of the find continues.