Barry, As someone is the business, you know the hard part is getting the consignments, and if you have the right cards, then the buyers will come. Maybe sometimes the only way to attract consignors is to give them assurances that they will not lose their shirts with these terms.
Peter, I am NOT a great guy! But I do agree with you in that Heritage seems to be in good shape with it's written disclosures. Not sure where the plaintiff is going with this aside from creating some leverage for the seven figures that he believes he is owed. One thing I did find interesting in the blog article is the accusation that Heritage bids on items and then retracts it's bids. If that is the case then perhaps the intent is not to win the item back, but rather to just drive up the prices. In any event, allowing the consignor or the auction house to bid is a terrible policy for Heritage bidders.
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