chug84 t1_je6dv59 wrote on March 29, 2023 at 7:03 PM

Reply to comment by WagwanDeezNutz in Some Guy Bought the Flatiron Building and Didn’t Pay for It by Keikobad

Yeah no, they'll just sell it to the runner up and tell the original buyer to fuck themself.

MasterChicken52 t1_je81m3i wrote on March 30, 2023 at 2:05 AM

The runner up doesn’t really want it and couldn’t believe the winner bid as high as he did with all the renovations that need done. So it may go up again, who knows? It will be interesting to see.

I just hope whoever does end up with it respects the history and cultural importance of the building and takes care of it.

WagwanDeezNutz t1_je6fr5m wrote on March 29, 2023 at 7:15 PM

nope. they will offer it to the runner up who will decline to close at his last best bid - probably pretty close to the 190m. he will argue that this chuckle fucker artificially bid it that high with no intent on closing, bringing him along for the ride.

in the end they will run it again

spicytoastaficionado t1_je8evbt wrote on March 30, 2023 at 3:58 AM

What you're describing is accurate, but it also contradicts your previous "poker math" theory since Garlick will not be allowed to bid in a future auction and is unlikely to be involved w/ future ownership.

So unless you're alleging some sort of shill bidding conspiracy between Garlick and the runner-up (Gural's group), the next winner paying less than $190m doesn't benefit Garlick in any way.