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Sean CI checked out their site last night, and it looks like some of the links are still active... 
http://www.legendaryauctions.com/rules.aspx
Nice to see that they just copied the Mastro auction rule page over verbatim. Their main page had originally indicated that BP was going to be 17.5, not the 20% listed.
One interesting thing from their email:
"Legendary Auctions will ensure that the auction process is pure by guaranteeing that there will be no in-house bidding in their event. "The principals employed by Legendary Auctions will put their own collecting interests aside and concentrate solely on providing opportunities for our customers," said Allen. "There will be no mixing of business and pleasure at Legendary Auctions in terms of our own collecting pursuits. This will really be all about our customers."
Good for starters. I hope this means that they won't be listing any employee or principals items in the auction as well.