Update if anyone still gives a hoot. The bank must make a decision on the bid or bids, it has or will receive, by SEPT 22. The law ( like it matters ) requires that the public be notified by SEPT 23.
In the event the bank does not accept the bid ( done deal ) . Then the collection would go to auction. However if it goes to auction it may be offered in total. or, ( I guess depending the whim of the day ) it may be sold in an auction, however if sold in an auction it will be sold in complete panels. This is due to the epiphany these movers and shakers have finally been made aware of by there high priced lawyers ( which collectors have been telling this since day one) regarding the laws and realitys that are involved in selling and auctioning these artifacts. Unfortunately there lawyers are not really sure what is the law, since as I have said before these laws were passed in 1958 to be as nebulous, arbitrary and capracious as possible so that each enforcment is simply a matter of individual interpretation and whim of whatever individual or agency is involved. What these laws are in NYS, and the correct procedure to do this correctly are available but, no one is listening. They have also finally realized that the individual auctioning of each piece would require more time than they ever imagined. This fact has also been brought up and there are ways this could be done. The chances are they would also realize a much larger final total than they will get this way. You can be fairly sure the buyer of the collection will find the time to do this and at whatever price they feel they can get.
By the way the panels represent about half of the collection so supposidly they will group up the rest and sell them as lots. Yea right, sort of a penny social grab bag special. Does anyone really believe this will happen.
The now, 100 dollar bidders fee is refundable. At least by todays ruling. As far as the knives go it would seem that all of these factors would deem that on SEPT 23 the bid will be accepted and that will be that. At this point I just enjoy watching this play out. By the way the other day some people were supposed to photograph the collection and when they attempted to do so were denied access. Yup everything is on the up in this deal.
Done deal, cut and dry, from the giddyup. Now tomorrow is the first day of open house I wonder if the knives will be accessable. Will pictures be allowed? If I go I better go in drag so that after these postings they do not know who I am. On second thought drag is no good Phil might be there and think I was an Ellenville maiden.
The good part of this is that sooner than later this will be over, The only thing that aggravates me is all this round a bout bull. There is an auction there won't be an auction, we will auction in panels, we will sell the whole collection, we will sell individual pieces. Maybe, perhapes, whatever. Yes indeedy remember the old axiom, whenever there is confusion there is money to be made and the one thing for sure here, is that there is plenty of confusion. LT