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I recently faced a dilemma.
A real-estate agent called me to notify me that a property I was inquiring about was sold before auction. I was an interested party and the fact that they did not try to solicit a price from me before accepting a signed contract to another party means they did not do their best to secure the best deal for the owner. I happen to actually know the owner as well, (I have no great worries about losing the deal) I wonder if I should report the events to the owner who effectively lost out on an unknown number of dollars (AUD~$10,000-$50,000), from myself or possibly a number of other interested parties who might have taken the opportunity to bid - had the property either gone to auction or been offered to other parties before the auction.
Extra info: The owner is currently unwell and does not need any kind of further stress in their life; also I don't think anything can be done to change the situation as contracts have been signed (also this was a week ago); also property prices in this local marketplace have gone wild recently, causing stupid things like this to happen - probably frequently. I wonder if regulation of the bidding marketplace would make this less likely to happen.
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(Sounding a bit rude, but thats okay I can deal with that in my own head) Yes it was a good sale; well above the asking price, but considering the market now; they should know better. This was an easy way for them to make their commission before auction, but they also probably lost out on a few extra thousands of dollars for themselves.
My concern is not so much about myself; but about not soliciting the rest of the market (all the parties with contracts) before auction.
I am currently in the decision to let it be. (you raise a good point that the owner has part responsibility, however real-estate agents tend to have the upper hand in people manipulation to convince an owner to settle on a lower deal)
I was questioning your judgment for the sake of argument, but you're probably right about the numbers. Without more knowledge of the area, it's impossible to say if you're being reasonable or not, and it doesn't really matter. You say it's not about yourself, but you wouldn't know it if it was about yourself, and that was what I was trying to say. It's not about you in particular, but about you being the prejudiced party. That's something to take into account in the resolution of the dilemma. But I should be more clear/careful.