Heritage Auctions - Boston Garters

[Peter_Spaeth]

Originally Posted by raulus

As I understand it, the mechanics here are simple. Perhaps excessively simple given the stakes.

Wait until all lots are closed. Then add up the final price on all the individual lots. Compare it to the final price on the set lot. Whichever is highest, wins.

If accurate, then putting in a higher max bid doesn’t do any good, unless someone actually triggers it by bidding against you.

Right, it would not have kicked in, but IMO it makes his case on the equities airtight. He had the highest bid, regardless whether the stupid software took it.

[raulus]

Originally Posted by Peter_Spaeth

Right, it would not have kicked in, but IMO it makes his case on the equities airtight. He had the highest bid, regardless whether the stupid software took it.

Agreed, with one caveat. Someone (or multiple someones) might have max bids on the individual lot side as well. For all we know, someone really wanted one of those individual lots, and put a max bid of a cool $1M on it.

[Peter_Spaeth]

Originally Posted by raulus

Agreed, with one caveat. Someone (or multiple someones) might have max bids on the individual lot side as well. For all we know, someone really wanted one of those individual lots, and put a max bid of a cool $1M on it.

Fair. In a just world you would need to do apples to apples.