Heritage Auctions - Boston Garters

[Centauri]

The auctions rules stated the 2 auctions would be run independently. If the aggregate of the individual winners was higher than the winner of the set auction, then the individual would get the cards. So yes, each side would have an auction winner declared, then the higher aggregate would take delivery. The set winner was supposed to be given notice that they “won” their leg. As to when an individual auction ends, that was also established before the auction began - after entering the final bidding, any lot that goes 30 minutes without a bid will be closed. So that rule was also followed correctly.

Again, there never was an error in the administration of the auction. The rules were set beforehand, and there were no deviations. Most, maybe all agree this is not the best way to maximize value. But the auction house should not be held to blame here.

Originally Posted by LOUCARDFAN

When the person bidding on the set is locked out because the 30 minute timer elapsed AND is informed that he was the winner of the lot all the while the individual lots were still open to be bid on is NOT part of the auction format. Their terms plainly says that the higher dollar amount of the individual cards vs the set price is the winner BUT when one group can bid while the other is locked out and unable to bid it changes the whole auction dynamic.


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