I understand where you&#x27;re coming from but I disagree.  Ignoring the emotional impact on the losing bidders I think that reducing the net payout of the market has a negative effect on all market participants.<p>If he won at a bid based on cost it would have kept the market at a price level comparable for all participants.  He won the bid by ignoring all cost which has the effect of lowering the entire marketplace by pushing prices down.