hypothetical major problem with well respected board member
 

what would you do?
suppose you and a well respected member of this board reach an agreement where 1 person would not bid on an item in a major auction and the other person would win the item and agree to sell you the doubles...you were willing to go upto 20000 if you were bidding...you dont bid and the item goes to the person you made the agreement with for 10000 which you consider a "steal"
the party who won the auction "a major contributor to this board and highly respected" has apparently decided not to sell you the doubles...3 months has passed and nothing but excuses and now no further communication

I am completely inexperienced with major auctions and big purchases, but the agreement itself seems contrary to fair play. Is this a standard practice? It feels like a form of collusion.

Curious is this is hypothetical or "hypothetical". I've never come up with an agreement with someone to buy together except with close personal friends and never at this high of a level.
Seems like it isn't an actual legal contract unless it was written down and signed. For that amount of money the question arises if legal action is needed or chalk it up to finding out someone's true character and tough lesson learned.
Tough call either way.
Drew

Sorry, my friend. Looks like you got snookered. Your competition got you to stay out of the auction so he could steal it for a song, and burned you in your side deal in the process. Lesson learned.

If I were you, I would likely not have any further dealings with that board member.

Good Rule of Thumb: Assume that all baseball card collectors are pirates and thieves who would steal from their own mothers (---who would definitely steal valuable collections from widows for pennies on the dollar). Go into all of your transactions with this assumption, and you will likely never be taken advantage of in any of your dealings.

Now, I know such an approach is an overly cynical one. However, when it comes to dealing with people with whom you have no personal relationship, it is an approach that will ensure that you exercise the appropriate level of caution.

It's every man for himself out there. If you happen to come across a fellow collector with integrity, consider yourself fortunate. There are certainly plenty of them out there. But I would never make such an assumption about anyone, regardless of their reputation on this or any other board.

Remember what Ronald Reagan said, "Trust, but verify."

Good luck enforcing an illegal contract.

Fantastic post and I agree completely. Stand on your own in your dealings.

Funny I have had this also happen to me more than once . I also had a board member email me and ask if I was going to bid in an auction on a certain item and I said yes. My stance on auction bidding is If you want it and I want it may the best man win. Its that simple . These back room B.S. hand shake deals you dont bid and I will win it and split it with you never seem to work out! Someone always seems to get the short end of the stick! In this instance if the item or items were something you had looked for for a long time them I would have just bid on them. If you were willing to go to 20,000 that is double what it sold for than I would have bid to 20,000 and let the chips fall where they may. If he out bid you than so be it at least you would have had a chance. Now its a fight to try and get the items from him. If he is a board member you might want to say who it is so we can avoid him in the future.. Sorry you didnt get what you wanted but in the future just bid yourself in the auction will end up saving alot of misery later.

Obviously there was no contract, no legal grounds, but the person has shown their true colors.
I would not make personal comments or use adjectives to describe the person, but if someone were to enter into a verbal agreement, then not follow through, they have obvious issues with a lack of morals and values. I would post exact details and give the name of the member. Others should be aware of this persons unwillingness to honor their word.
I think sharing our experiences in a thoughtful and factual manner is helpful and constructive. People don't hesitate to share when they had a good experience.

right ..you took a chance and it not work out...who knows if you would of ponyed up enough money if bidding on the lot


if you really wanted the lot you buy it then sell the cards to the guy that wanted it...sometimes people will even say 'if you buy the lot I will agree to buy x and y cards' from you....then you buy the lot..and then they don't want to pay......so always assume you will have to sell at market value if the guy doesn't come through..and if comes through ..then great..its a fun experience ..if not ..who cares..

heck just on one on one deals..people negotiate for weeks..then they come to a price..then all of the sudden the buyer doesn't pay.......so the more exotic buy and sells are even more hard..

I agree with every word of this post, with empahsis on the bolded text.

I see threads on the board quite often such as, "Looking for a partner on auction lot XX" and that's basically what you two were - partners in the auction. It doesn't matter who the bidder was or who paid for the auction, you were partners and he didn't hold up his end of the agreement. Obviously as others have said, there's nothing you can legally do about it, but he definitely needs to be outed as someone I wouldn't want to do business with. Please out this board member.

I have talked with other members about possibly splitting an auction lot. There doesn't seem anything sinister in this. If it were a real auction and I was next to a friend who said I will bid on this and we can split the cost and cards, I would feel that is totally appropriate. As previously stated, if this story is true, the person who did this to you is lacking in my mind in ethics.

I agree with this^


Sent from my iPhone using Tapatalk

Makes more sense to me now. I'd be miffed too.

I've had it happen, but also have had the opposite occur. I asked a member about an auction, and he suggested if I didn't bid him up, he would give me the two cards I wanted FREE of charge. He won, and held up his end of the bargain.


I've also had former friends and board members who were emailing eBay sellers after auctions ended and offering a higher price on items I won! Consider yourself lucky you really are not financially hurt. He could have taken your funds, and not delivered the card. A thief is a thief no matter how big or little the sum is.

Tough to know both sides of the story though...the guy can get 'outed' but what if the the guy that bought the lot says 'I was supposed to be paid x amount..and he wouldn't pay that' so not theres a big misunderstanding on what was said ...that's the problem with verbal deals......just could be 2 sides of the story..is all I am saying

There are always two sides to every story, but I would imagine this deal was agreed to either via email or PM and there is written proof of who is telling the truth and who is not.

A verbal contract is only as good as the paper it's written on. :D

I would out the other buyer on here (Even if he is a respected member) how much respect does he deserve. that is about the only thing you can do--Lesson learned It is a shame where you could have had the whole lot at half price.

I agree with Eric and David on this one...As far as "outing" the guy though, I think that maybe Leon (or his designee) should take a look at both sides of the story first...I mean, if the guy is a well-respected member I think he should have the chance to defend himself in private before he gets thrown under the bus...It's a sad situation regardless...

Bush league

Sorry to hear of you bad luck. I would just never do a deal with them again and let everyone know what happened.

I think these kinds of deals happen very often. Even for items on the BST section here. I know I have done several deals like the one described with 0 problems with 2 members on here.

+1

Agree it is BS
 

I think that there should be some ethics involved in deals. I had made hundreds of trades with people in my groups through the mail and I have been very happy with the deals...

I do think that member should be outed so another member is not suckered into a similar situation. I would never be involved in a deal with that level of money, but there are obviously guys on this forum that do have that type of funds and hopefully they can be made aware...

Sorry for your troubles, at least no money was exchanged...

Larry sorry to hear of your situation. I think it would benefit everyone on the forum if we all knew who this person is. However, if I were in your shoes, I would think twice about outing this person if all I had was a verbal agreement, history tells that will just break down into a he-said / he-said argument and eventually the triple-dog-dare of the forum, threatened legal action. If you have emails, PM's or other proof, I would let it fly.

BTW - this might get better response on the mail board instead of the BST.

Auction
 

Post who it is.

if the guy is a well respected member? whats the definition of that....maybe we can get an icon by our username saying we are a well respected member...maybe after X amount of verified transactions.?

just interesting as to what a "well respected member" is...how about a respected member but not well respected...in that case he wouldn't have a chance to defend himself in private..cause he isn't well respected?

I have to hear the other side before I go out on a limb. What if they had a agreement on the doubles, say $900, then when the buyer gets the lot for less than thought, the OP changes his buying price too? But the buyer insist they stick to the original price.That could be the case. They story is missing a lot of factual, concrete information.

I hope the buyer comes on here and tells his story. I'm not ready to bury the buyer at this point.

Everything is too vague at this point.

That is my take on this situation.

and I know you were waiting on my input....:D:D

There's well respected board members on here??? :D:D

Post the name of the other guy and also post anything you have in writing (PM's, etc.) that 'proves' your contention. Then the other fellow will have every opportunity to explain his side of the story. That way no one can accuse you of being unfair and/or a BSer.

If what you are saying is factual, then everyone here NEEDS to know who it is, so we can avoid being screwed in the future. Ignore all of the apologists who tell you to forget about it and move on. That's just pathetic.

If two SELLERS had colluded (for example by agreeing not to run the same cards against each other, to concentrate all the bidding on one) people would be screaming fraud. But two buyers collude to keep the price down, and thereby cheat the seller, and nobody seems to care. Interesting.

Yeah I agree with your point..but there really is no honor among thieves..i really doubt this occurs....as you can already see the inherent problems with oral agreements...plus for large lots...the bid slots are so far apart ..if money is an issue ..then I realy doubt the 2nd colluder would of paid more than what the lot sold for..

My first read was that the agreement was unethical based on the harm to the seller. However, if I understand the further comments, it looks more like going halfsies together on a lot that had some cards each partner wanted. That doesn't feel wrong to me. Still, more detail and more knowledge about the rules and norms of auctions could change my mind again.

+1

P.S. --- Leon and crew: This thread should really get moved to the main board. It's a general enough topic that everyone should have the opportunity to see / read / respond. Thanks in advance.

Peter, I thought of it more as this situationally speaking. A lot is going to go for say 1000 dollars. I only want about half of the cards and would spend 500 but would not bid to 1000. Someone else is in the same position with the other cards in the lot, so we split payment on the 1000. If we didn't have each other neither would have bid on the lot, so isn't 1 bidder better than none?

hypothetical
 

no need to mention the other party...the deal was outlined in emails
however since the items that he collects are limited to less than a handful of collectors the odds of him having any dealings on this board are very small
the only items he needs are extremely rare and only show up once in a blue moon in major auctions
i have no intention of legal action whatsoever after all its just cardboard
as far as those concerned of collusion...thats ridiculous...it was a 19 card lot of which he only needed 12...so offering to sell the dupes is perfectly ethical
it happens in every auction by bidders all the time

Nicely stated!!

Huh? You start a thread asking "What would you do?" and many of us told you that we would out the seller for the benefit of other board members. Why ask what we would do if you already knew what you would do? At this point, I don't understand the point of the thread. :confused:

hypothetical
 

i read all your thoughts and came to that decision
whats to understand?

8 different members said here that you should out him. Unless I overlooked it, nobody said you shouldn't disclose the name. So how exactly did you come to that decision? What was your decision based on?

If the entire deal was clearly outlined in emails and so obviously one sided, you shouldnt have any reason to not "out" this member.

What would I do? I would ignore your next post!

To.ny Biv.iano

I think there can be situations of bidder collusion to suppress prices, but there also situations of two friends who pool together their funds to win a lot neither could afford on his own. There are also situations of "I have no interest in all 150 of the cards in the lot and wouldn't place a bid, but if you win it I'll buy from you the three cards I need to finish my set." I don't consider the latter two examples of collusion.

Larry said he would have bid up to 20k, but reached an agreement with the other guy not to bid, so it doesn't sound to me like this is either of the latter two examples. At least that is how I interpreted the hypothetical. Fine line though.

Larry:

Sounds familiar..........

Seems to me it is the same thing as when someone contacts you with items you might want and you tell them that person to pick up the stuff for X dollars, then later when that person gets the items in question for you, you say you won't pay that much!

Agree?????

If this is a case of people making an agreement to lower the final price, the OP maybe should drop the issue. Some might call it collusion-- sort of a form of reverse shilling.

But, as earlier noted, with group lots it's not always clear cut because two bidders may want and not want different stuff from the lot and that may be an important part of the reason they make an agreement.

I'd never go in with multiple people on a lot, because it sounds too messy and confusing. Anything that requires a spreadsheet to document what goes where is something on which I'd pass.

Larry -

Why don't you just say what Joel Goodsen (Tom Cruise) said in the movie Risky Business. He said in one of the scenes, "Sometimes you gotta say WTF"

Larry, I like Daniel's suggestion (post #19) that you contact Leon, provide him with all the particulars, and ask him to contact this other Board member. I think this approach offers the best chance of getting this matter resolved amicably.
Val

OP is probably hoping the other party responds to this thread privately and works out an amicable solution.

Reverse shilling was my first thought regarding the initial post. There seems to be a fine line between divvying up a lot (instead of of one person buying the lot and selling off the unwanted pieces) and two people conspiring not to both bid on a lot so that it goes cheaper (and then divvying up the lot). As a consignor I would feel as if I did not receive true market value either way.

If my original thoughts regarding the original post are valid, and both parties to this issue agreed not to "bid each other up", then I feel it is as bad as shilling. Justifying it by saying that it goes on all the time is just as bad as justifying shilling because " the buyer was willing to pay that much anyway so what is the big deal".

Just my worthless pair of pennies anyway.

Tom C

You are screwed. Just get over it and move on. No Val, Leon does not need to get into the middle. This is not a net54 issue. If it is a serious issue for you, you should out the member and get opinions once he pleads his case. If that does not happen you have no credibility whining about trusting some person's (we do not know) word that they would split a deal.