That isn't how auctions, especially high-value real estate auctions, operate. There is no post-sale price haggling.

You don't win a $190m auction, stiff the deposit, and then try and negotiate 10% off the sale price.

Jeff Gural's group (which was part of 3/4 of the previous ownership) already declined to exercise his runner-up option because he knows if/when the building goes back up for auction, he could nab it at a much lower price when you take out Garlick's bids.

The "poker math" theory only works if Garlick emerges as the owner and pays significantly less than he bought it for.

In reality, Garlick will be blacklisted from future auctions and the new owner will be the ones paying less than $190m.