auction question

[Archive]

Posted By: warshawlaw

Since you have no obligation to purchase, I would treat their invoice as an offer to sell to you and I would counter offer with a more appropriate price. I would never accept an item at my max underbid if the bidder I've been locking horns with turned out to be unable to pay. All of her bids (see, equal rights to bad things too) should be erased. I do not think it is fair for an auctioneer to let a disqualified drive up an item for a real bidder. The classy, honest thing to do is to give it to the underbidder for the last legitimate bid after taking out the bids of the renegger. Or they could just drop the vig and ship for free to make good on it.

As I said, IMHO, not what might be legal or whatever. It is Nevada, however, so you should probably get comped on some drinks and a hooker to make up for it regardless of your decision