Thread: Shanus-REA suit
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Old 04-07-2011, 09:40 AM
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Jeffrey Lichtman
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Quote:
Originally Posted by steve B View Post
I would have to believe that there are few auction houses where shilling hasn't happened, and those few would be new ones. But there are probably only a few that have done the shilling themselves. In theory I could consign anywhere, and have a friend bid on my items. Pretty hard to prove, and harder to stop.

I also have to believe that every auction that's been around long enough has handled an item or two that is either fake, altered, or stolen. Stolen stuff because the item isn't widely known as stolen. Altered stuff - Maybe the alteration was done well enough to pass inspection at one time, but newer technology has made it possible to detect the alteration. And some fake stuff can be well done enough to get past many experts. Nobody can catch 100% of the questionable items unless they have access to a lot of lab gear and time. And even then some stuff would slip through.

The need for third party graders to not buy or sell cards is a tough one. Yes, it's a conflict. But I wouldn't expect someone with no knowledge or interest in cards to be able to authenticate them. Stamps are authenticated by experts in a particular issue. All of them collect, and buying and selling are a part of that.

Steve Birmingham
I agree completely. We'll never see an auction system that is free of shill bidding; however, at the very least we should expect auction houses not to engage in fraud themselves.
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