Quoted from pezpunk:i've never been to an auction, but don't you have to pay an extra 20% on top of whatever your winning bid ends up being?
Normally something like that, but the OP said no reserve and no buyers fees.
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Quoted from DennisDodel:I can't find it, but somewhere on Pinside is a list of the results of the auction of the Silverman collection a few years ago. A lot of games went very cheap.
https://pinside.com/pinball/forum/topic/david-silverman-collection-at-auction#post-1475009
The "lot of 5" type auction is common for identical items such as wholesale items being sold at auction.
Example - 10 packs of Haynes mens large t-shirts. Top bidder gets as many as they want at their winning bid price. They may have a big family and take them all, so the others bid in hopes they don't all go. In the case of identical stuff, the second highest bidder can get one or more of whats left at their price.
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