Quote:
Originally Posted by Exhibitman
The AH hypothetical is not realistic: no consignor who can do math is going to shill an auction already sitting at 90% of past results since it would cost him somewhere on the order of 18% of the value of the lot.
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What about the auction houses who were in cahoots with the consigners and wouldn't charge the juice if the card didn't hit the hidden "reserve" agreed to beforehand?
Don't underestimate how brazen some of the consigners/fraudsters are/were. One guy on Net 54 even told the various auction houses that he wouldn't consign his large collection to them
unless they agreed to let him shill his own lots. Naturally, Mastro agreed to that demand and, naturally, even bid on his lots for him.