Most of the focus has been on the full set lot closing so Powell couldn't raise his bid on it once the total of the individual lots went above it, but even if the lot stayed open, he may not have been able to raise his bid because he was bidding against himself.
Wouldn't the same thing have happened with the individual lots? If the high bid for the total set lot had been higher then the combined total of the individual lots, if someone was the high bidder on one of the individual lots and wanted to increase their bid so the individual lots total was higher, they probably wouldn't have been able to either because they would also be bidding against themselves.
I've never bid in auctions like this but several have commented about other AHs running similar types of auctions. Apparently, those have had all the lots linked together to show whether the set or the individual lots were ahead and everything stayed open until none of the lots had bids for a period of time, but how did they handle the issue of a current high bidder increasing their bid on an individual lot or the total set lot to change which side was winning? Were bidders able to increase their own high bid or did they have to talk to someone at the AH to get it done for them?
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10-05-2023, 05:16 AM
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