Belt Auction

need quick brain induced strategies for private auction between 2 persons?

A beneficiary is maybe forcing a clause in a will to be used to determine who gets what from the contents of the home. As it is understood, each person takes turn bidding on item #1, etc. The high bidder gets that item. Once all items are sold with play money, the person who bid the greatest total, say $10,000 would pay the estate 1/2 of the difference between their $10,000 in bids compared to the other bidder's total of say $8000. They'd pay the $2000 difference, but since they are a co-beneficiary they'd get half of the cash back. One issue is how to decide which items are auctioned 1st, 2nd etc. There are very high dollar items from a $2300 book case, $1600 oak dining table, both original cost, down to a microwave. I'm one of the two, and looking for strategies on how to bid to get what I want and to drop (the items my sister wants), on her, at the highest price. We both already know what we want but this auction will put both of us in a bind. Is my sister's bid a bluff? How high should I go? etc. NEED strategies, her lawyer is pushing this auction soon. One idea was to agree to let the person who wants an item to bid, and the other person just say I decline to bid, and thus everyone gets what they want. This could be a court ordered auction since the will has it as an alternative plan in case of disagreement over contents. There are minor disagreements on contents but major conflicts on other parts of the estate. 99% of that is sequence of events (signing of deed, contents, accounts - one personal rep is making the rules and demanding deed signed last) Any auction bidding pros in here? There is a 100 year old oil painting we know it has a value of $250. I do not want it and my sister does. How high for me to bid to drop it on her at a high cost? At what price would she walk and drop it on me? Need "strategies" Bob: Thanks........I left out some details because I did not think it was important. But, it seems to be. On who gets what we agree 90-95%. My sister is not inheriting any of the house, but she must sign the deed over. She refuses (until all her contents on are a truck and safe, but legally she does not have to sign the deed until next July), so I am, using the only bargaining power I have, refusing to agree on dividing contents. The will says if we can not agree, then this play money auction would be held. She does not want the auction. Total contents is worth about $22,000. House $153,000. She could hold back the deed for 10 months if I agree to divide and release her contents. This is why the auction is suggested by her lawyer.

Public Comments

1. Take turns choosing the things you want. Only bid on the thing you both want. Only bid as much as you think it's worth. If you insist on not agreeing, have an estate dealer (whom you pay by the hour or the job) assign a value to things without tell him who wants what. Agree to be happy and don't make it come to an auction. Relax and Enjoy. edit Wow your not kidding that it's more complicated. I don't understand her goal in not signing the deed. Does she want the last 10% of the contents to be hers? Without being specific, I would act in the way that I am most proud of myself, rather than the way that got me the most or that controlled my sister the best. Good Luck, I understand a lot about how complicated these things can get. 2nd edit: At least I hope that is how I would act, it is honestly impossible to know what I would do until I'm in the situation. So I should say that is how I I would aspire to act
2. only seriously bid on what u want, but drive her up on the stuff u know she wants