If you spend any time at all on crypto discord servers you will constantly get commentators saying that any particular project is a rugpull. That is par for the

If you spend any time at all on crypto discord servers you will constantly get commentators saying that any particular project is a rugpull. That is par for the course and the skepticism is justifiable given the track record of frequent scams in this space. That said I think this is an interesting idea but flawed execution, given that: 1)The most important part of the strategy in an auction is how high to bid (it's almost the only decision you make in the process). If the other side knows your maximum bid but you don't know that info for them you clearly place yourself at a huge disadvantage. A bad actor could bid you up to just below your max price and then stop just to screw you over, so you pay your max for something you would in normal circumstances get much cheaper, or conversely you are guaranteed to lose if someone knows your max and just wants to pay more. They can wait until you bid completely up to your max before putting in their first bid so they are guaranteed to get it very cheaply above your bid assuming noone else is involved. 2)They didn't seem to have much of a plan for success. That's pretty normal in the web3 world in my experience. There's a lot of "let's get there and then see what happens", but I think in this case it would have been great and more in the spirit of DAOs to have a vote and declare ahead of time "if we win we immediately donate it to x museum or whatever" so they don't have to pay for conservation and security.