It wasn’t the outcome many people were hoping for. Most of the bidding appeared to be between the woman in the floral dress and the note holder, though there was also a $2.6 million bid from another bidder who I believe may have been local.
so the lady in the dress bid back and forth with the auctioneer until $3.1 million when she stopped? and that just so happened to be the price the auctioneer was not authorized to go over? meaning had she bid $3,100,001 she would have won? but instead the bank won?
Bidding was in $100k increments. So if she had gone to $3.2M, she likely would’ve won; the note holder was either unable or unwilling to continue higher.
It wasn’t the outcome many people were hoping for. Most of the bidding appeared to be between the woman in the floral dress and the note holder, though there was also a $2.6 million bid from another bidder who I believe may have been local.
so the lady in the dress bid back and forth with the auctioneer until $3.1 million when she stopped? and that just so happened to be the price the auctioneer was not authorized to go over? meaning had she bid $3,100,001 she would have won? but instead the bank won?
Bidding was in $100k increments. So if she had gone to $3.2M, she likely would’ve won; the note holder was either unable or unwilling to continue higher.