Final auction price if the bidder doesn’t pay?

[Kidnapped18]

The last instance that I know of dealing with that question a Lajoie was sold for $1,440 in an April 2020 auction seller bidder/winner didn’t pay and it was relisted by same auction house in their August 2020 auction where it went for $1,800

Bidder who didn’t pay in April cost himself $360 over a few months

Both prices are still on auction house site as sold

[mrreality68]

Originally Posted by Kidnapped18

The last instance that I know of dealing with that question a Lajoie was sold for $1,440 in an April 2020 auction seller didn’t pay and it was relisted by same auction house in their August 2020 auction where it went for $1,800

Bidder who didn’t pay in April cost himself $360 over a few months

Both prices are still on auction house site as sold

+1 This is my understanding of it and how I have seen it also on another example just do not recall it

[swarmee]

Just another way to post false results to skew the VCP averages, driving prices higher. Why would auction houses counterfeit their own results? They are incentivized not to.