Does it? If it's public knowledge that Alice would pay $200 and Bob would pay $100 then Alice wouldn't actually bid $200, she'd bid $101 and still win, the same result as that type of auction. If nobody knows what Alice would bid except Alice then it's even worse, because Bob thinks he could win at $60 and would rather pay $60 than $100 and Alice correctly predicts that Bob is going to do that and then wins by bidding $75. And if Bob bids $80 then Alice can still buy it from Bob for $110 but the estate is still getting $80 instead of $101.
The spirit is that a person owes families he defamed billions of dollars and that person doesn't like who they need to sell their assets to to make that money. I don't even know how and why the details of how this money is recouped is important. If I go bankrupt and need to sell my house, I sure can't stop it from being sold to Hitler or something absurd like that.
Well they are the creditors, so they put their credit up against the value of the thing. It's no different than what a bank does when it bids on a house it put up for auction after a mortgagee default. Here the only difference is that the bidding was blind, which the judge took issue with.
I'm not talking about that I'm talking about the technicalities of the ruling. Go away
Its a classic maximisation problem something the overblown ai skating community should understand nothing to do with feelings or secret agreements because of that. Should be allowed to buy back goes own stuff minus debt no, but go fix the system if you don't like that...
Because they'd be paying a dollar more than the second highest bid, not the amount of the highest bid. Frankly, I'm not sure how that could not be more clear.
So a bid of $200 in a Vickrey auction that results in a $101 sale price doesn't imply that you could have otherwise gotten $200, because in a different type of auction the bidder wouldn't have bid that much.