Robert Edwards - 2:38 am....

[Archive]

Posted By: Hal Lewis

This basically comes down to ONE thing:

There are probably only TWO or THREE people bidding a combined $700,000 on TWO items: Fashion Course Ball and 1914 Ruth rookie card.

If they "cut off" the bidding all of a sudden...

then the "losers" of those items will not have time to go back and SPEND their $700,000 on other items...

which will cost the auction house 16% of $700,000 = $100,000+

Can't really blame Rob for not wanting that money to be lost.


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BUT....There has GOT to be someway to do something to avoid this problem where TWO people can force 5,000 to stay awake all night.


Can't Rob give those people "ALTERNATE" max bids that ONLY get activated at the very end of the auction if they are the loser of the BIG items they are going after??

Can't there be some way to allow someone who obviously has the money and credit rating to spend $500,000 to say:

"If my $500,000 bid does NOT win the Fashoin Course Ball at the very end, I want the computer to immediately enter simaltaneous "Max Bids" of $50,000 on the T206 Plank and $100,000 on the T210 Joe Jackson and $150,000 on the full sheet of silks, etc."


Maybe the auction houses can do this for the 5 biggest items in their auctions and let the rest of us go to sleep!!!!!!!!