> In a case like this if you thought the market value was $100k, someone with no interest in the license should go ahead and bid something like $60k anyways. If

> In a case like this if you thought the market value was $100k, someone with no interest in the license should go ahead and bid something like $60k anyways. If everybody else placed silly bids like $4 "just in case nobody else bids for real", you'll win and resell it and walk away with $40k profit. No, in a case like this, you would risk having to fork over 60k, and you would in reality win nothing. The company that bid 100k gets it for 60k, you spend and receive nothing.