What is a Syndicate?
Auction “syndicates” are an opportunity for groups of friends and families to bid together on one item, thus sharing the cost of the winning bid. For example, the Harrisons, Lennons, McCartneys and Starrs are interested in bidding on a dinner party for four couples. They can do so by having the Lennons bid on behalf of the group. If the Lennons are the winning bidder, they confirm with the WSF office about how to divide the cost among the four families.