“When it became clear that the winning bidder would be unable to complete the original transaction, Lu said, Arnault and Stern set out to identify who among the underbidders had a strong enough buying history to purchase the watch.” Zach Lu has some 60K followers on IG and a pretty serious collection under his belt, so I guess that’s what they were looking at. But it is interesting that they may not have automatically defaulted to the next highest bidder. Or maybe they did and that person, in the clear light of day, thought better of paying over $6m for the watch.
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