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WagwanDeezNutz t1_je6fr5m wrote

Reply to comment by chug84 in Some Guy Bought the Flatiron Building and Didn’t Pay for It by Keikobad

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

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spicytoastaficionado t1_je8evbt wrote

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.

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