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Posted By: barrysloate

Unique is a tricky area. If I say there are 4 or 5 known of something and it turns out there are 7, nobody cares. But if I call something unique and there are two, then it becomes sticky. Of course, what is the definition of due diligence when there are collectors who own things they keep secret and don't want others to know about. If there are ten T5 Jacksons and the nine other collectors have kept that private, you can be sure a reported price of 180K will shake a few of those out. I don't think the buyer has any recourse, if the auction house genuinely was not aware of other examples. If they were deliberately holding back information and it could somehow be proven, that is something else.