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I have bought in auctions for 20 years. I have never called in advance. I trust the website.
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Sounds like the real loser was the consignor, as some pretty meaningful $$$ were left on the table due the bungling manner that this was set up and explained. |
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A couple years ago when several AH were having "glitches" with their sites going down in the final minutes, I was declared the winning bidder on some items, only to be told later that, because some bidders had been unable to get bids in, the auction would resume the next day. Everyone who thought they had won..... hadn't.
Using Powell's analogy, I was the winning bidder. I had the high bid when time for those lots expired, the site declared the lot closed, and declared me the winner. Later I found out I wasn't. I realize the circumstances (and dollar amount) are different in this case. I'm just saying, it's not the first time an AH has declared winners and later pulled the proverbial rug out from under them. |
This isn’t the first time an auction has ran as a set and individually, right?
I feel like a high grade 52 Topps set was run like this fairly recently. |
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Using this situation as a reference, then Heritage should reopen these lots for bidding.
The set lot that Powell was bidding on closed - he couldn’t enter any more bids (I feel like this keeps getting lost). So, because of a software “glitch” and everyone NOT being able to bid, the lots should be reopened. I’m also blown away by the “victim blaming” - Powell should have checked to see that the other lots were still open, etc… and done what? Placed a bid in his closed auction item? I don’t think he (or individual winners) did anything wrong - and blame shouldnt be placed with them. Any vitriol towards them is mind boggling. And yes, it’s just cards, but I can’t comprehend going to bed and assuming you had won a once in a lifetime set and woken up to this mess. In my opinion, the solution is to reopen the lots and perform the auction as was intended. Individual versus set competing. Quote:
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it would not be the first time by any means that an online auction was re-opened for bidding after "ending" due to technical reasons - it happens more often than most realize. And just to reiterate, an emailed notice of a winning bid is not a guarantee of actually "winning" the item. Emails / Notices can be sent in error for a number of reasons. Especially with all of the ways to bid these days, clerical errors can and will be made by auction personnel when executing bids. And just about all Auction Terms & Conditions protect the auction house from these "errors". In this case, the bidding system just was not set up properly for that type of auction and sent a winning bid notice in error. Obviously a frustrating situation for all involved with no real way to make everyone happy, but hopefully a big learning experience for Heritage. |
I got what I would describe as a “blow off” email from Heritage.
Not even the courtesy of a phone call. |
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In the cold light of day on Monday morning, it seems like the only way to make sure that you win the whole set is to bid like a drunken sailor on all of the individual lots, plus on the lot for the full set. Because otherwise you're leaving yourself open to a potential that you win the lot for the set, but lose overall. I do wish Powell the best of luck with his approach and process. Maybe Heritage will decide to attempt to declare that the bidding should be re-opened. But I wouldn't bet on it. |
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Good faith solution is good for business, HA and the consignor make more money, cards go to fully informed and highest bidder. |
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Just absolutely astounding negligence from the largest sports auction house in the world. Powel should have been awarded the win, but I'm assuming at this point since invoices went out that cards may be on their way to individual lot winners already.
I think I would have questioned how things were going to go once I realized that you had to add up the individual lots yourself. How annoying would that be if they were doing this same type of setup with 524 T206 cards? Or a complete 1952 Topps set? |
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Very surprised. |
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1- Powell bidded on the SET lot and ended just like a normal lot would end.
2. The other single lots kept going as normal and ended like normal. As reffered by others as 2 separate Heat Races. 3. When the races end, the highest WINS. OK. so, Powell loses then. I can see the other aspect, have the lots joined together and closed at 1 time, but it was never disclosed that way. Just that the highest lot(s) won. Right? (i did not look at the site, just basing on what i read here) HOWEVER- the case with the winning bidder invoices?? thats the part figuring out, was it a payment due type invoice? Thinking this invoices/winner should never been sent out, most people think it says you won the lot, then you won. Thats why i question, if it asked for payment?? Either way, hate to see the set split up, so beautiful. Be nice to see it displayed too. |
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Or was it just like, "Thanks for bidding, and thanks for your email. Our next auction opens 11/4. Best of luck!" |
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At the end of the day, Heritage is a behemoth auction house which doesn’t need Powell and is arrogant enough not to care what he thinks. They may pay some lip service but they really aren’t concerned. REA wouldn’t handle it this way, I assure you all. Spend 5 mins with Heritage’s owners and Brian Dwyer and you’ll quickly understand.
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What did the “blow off” email say?
I assume multiple calls were made to Heritage to try to put a stop on the cards going out, what has come of that? They’ve had days now to plan what they are going to do about it. It’s 2:30 TX time now, they can’t just sweep this under the rug I don’t imagine.
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Jeff,
Sadly, I think you are exactly right. Arrogance. |
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But even in my wildest dreams, I have a hard time imagining this alternative universe. Not only that, but sometimes there is a price, but the price is 10x or 100x the hammer price actually paid. |
The words from Brian might have been a little different but at the end of the day my sense is that the result would have been the same. And by the way, I think Chris is one of the good guys in the hobby.
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It appears that Heritage is going to take the view that the auction was conducted in accordance with the rules. Avoiding discussion regarding why they allowed this particular auction to proceed in accordance with rules that seem to be designed without consideration of these circumstances. Confusing at best and misleading in practice and apparently suboptimal for the consignor (although whether Powell would have persevered under better rules is unknown). No doubt Heritage will perform any similar auctions different in the future, benefiting from Powell's illumination of the likely scenarios.
While it is sad to see anybody (in this case, Powell) misled into ecstasy only to be kicked to the curb despite earnest efforts to win at all costs, I don't see the presumption that because he was "declared the winner" of the Set Lot he achieves any primacy over the higher bidder(s), who were declared winner with bids that were more beneficial to the consigner. Under the (sloppy) rules in effect being Set Lot winner was not the same as winning the cards, because they could go to the Individual Lot winners. And they did. |
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What an absolute cluster that they could have and should have prevented from happening prior to the start of the auction. The ONLY fair approach for ALL parties is to open the auction back up from where it left off and let only those bidders who had placed existing bids allowed to proceed. To take it one step further, Heritage should waive all buyer fees for this set/items since both the consignor and bidders were negatively effected by their lack of awareness of how this could take place. It gives each bidder a fighting chance to spend more money with no buyers fees and puts more money in the consignors pocket since Heritage ultimately caused the consignor money with how this ended and took place. They shouldn’t be rewarded with the commission from this fiasco that they caused. If you really think about it, this fiasco caused more consignors money because the bids that the “Winners” of the set and individual lots probably would have bid on other auction items but didn’t because each had thought they were the winners of their lots.
Sent from my iPhone using Tapatalk |
HA discussed this live during the extended bidding, individual lots were less than 4k from the full set price with less than 30 minute to go.
Seems inevitable it would exceed the high bid on the full set https://youtu.be/_tkRi0UHgZg?t=7351 |
which begs the question, if the singles were they bid up to over the current $525k and became the higher of the two, HOW was the high bidder of the group bid supposed to be able to top it? In a nutshell he could not have, even if he hit the bid button repeatedly, it would only raise his max bid and not his current high bid. He was handcuffed by the system.
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1. Heritage 2. Heritage 3. Heritage 4. Heritage. |
sb1: He could have bid on the Individual Lots. He assumed it wasn't necessary under rules that weren't in place.
Sent from my motorola edge 5G UW (2021) using Tapatalk |
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Re: BGs in Heritage
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Why would I call? My account said I won. And the set lot was blocked so there was nothing I could do anyway. It was a fiasco
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Have you tried to call since?
You can die on the “it said I won” hill but it might do some good to talk to someone at Heritage. I also hope that if I ever get to the level of buying half a million dollar items, I’d have a direct line to someone to address my concerns before, during and after an auction. |
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I don't understand the argument that he should've been bidding on the individual lots. As Peter says, it would've been bidding against himself and accomplishing nothing. |
I am surprised that HA is not on the phone with all involved trying to come to a resolution.
I am sure they are having internal discussions how to resolve. |
Covid
If Heritage could have gotten a little more Covid money I think all of this could have been avoided...Jerry
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Thanks for clarifying Not what I expected at all. |
This sounds more like a recent election rather than an actual auction… go to sleep thinking you won and then you wake up and…
Feel bad for Powell who I don’t know but it sucks… Sent from my iPhone using Tapatalk |
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If the consigner was well-versed in the auction process he would have complained to Heritage during the month the lots were up about the software not providing a comparison of the full set lot price vs. the individual lots total at each bid. Anyone actually think the consigner, unless he reads this board, actually was told what fully went down by Heritage? How much money was left on the table due to Heritage’s incompetence?
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https://www.ha.com/heritage-auctions...chedule-111815 |
From all that I have seen and read about this here, Powell is the winner in my opinion and is getting screwed. I see a lawsuit coming.
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Often a claim that someone done you wrong does not translate well into a lawsuit. |
Powell.... So they wouldn't talk to you? Did they at least refund the wire transfer you sent?
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They will refund my money. I’m hopeful they will restart the auction at the point the set lot closed. Otherwise, my binding on the set lot was illusory. It was impossible to win. That’s the antithesis of an auction.
I thank Leon for his warm and supportive call. I thank everyone on this board most of whom agreed with me. I respect the ones who disagree with me too except the one who called me a “sore loser” as that was uncalled for. It’s not looking good but “it’s not over until the far left sings.”. Heritage can still make this a fair competition. I’m hopeful the will. |
So are 90% of you guys all really going to sit here and continue to pretend that the listing didn't expressly state that you could win the set lot but still end up losing if the individual lots closed higher in aggregate?
In what universe is Powell the rightful winner under the terms set out in the auction itself? Half you guys are lawyers, and you really can't figure out this one simple little paragraph? It's not exactly a riddle. The rules were stupid. We can all agree on that. But they were extremely clear. This shouldn't have surprised anyone. This exact outcome was very predictable. If you wanted to ensure a win, you had to bid on every single lot, including the set. If you weren't sure about that or how it might work, you could have easily picked up the phone and asked. |
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Strongly disagree. Of course the individual lots could win, but they should all close at the same time. Otherwise, the set option was illusory.
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The issue here is timing. I can’t see how powell was on notice that bidding on the individual lots would continue after the set lot closed. That’s counter intuitive and contrary to the intent of the auction. I am skeptical that gives rise to a legal claim, but I think, placing the focus on him is not warranted.
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I am a trial lawyer. I almost always represent the “little guy”or the underdog. However, I have very rarely sued in my private life. Most companies do the right thing. Rendering the set lot illusory is not the right thing. If I had to bid on every single lot to win the set then why have a set lot? The rules must be interpreted in a way that makes sense. And if contract law applies as it should the set was sold to me when the set lot closed. Last but not least, the whole point of an auction is to have a fair chance to win and I was deprived of my fair chance to the detriment of the consignor, Heritage and me.
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I guess Powell should have just alternated between bidding against himself on the set and every individual lot and raised the price to infinity? Powell, sorry to read this happened to you on a once in a lifetime set. I know hindsight is 20/20, but it seems amazing after the fact that HA did not foresee that they needed to keep the complete set open as long as even one individual card from the set was still open. |
I don't think "bidding against himself is required. All (I'm not defending Heritage -- they were very sloppy and careless, to Powell's surprise and disappointment) that is required (and clear in hindsight) is for him to submit one-increment bids on each individual lot in the early going so that he could pick those bids up in overtime if the Set Lot closed first and the Individual Lots then went on to win.
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Give it to powell do the right thing
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This may have been raised already and if so, apologies for missing it…
But is there a way to know if at the time stamp of the full set’s hammer close and ‘win’ to Powell, that lot price exceeded the aggregate sum of the individual card prices? Yes, the individual cards were still being actively bid on past that point because they themselves were receiving active bids. However, according to the stipulation at the end of each listing: If price of the set exceeds the sum of the twelve individual cards, the victory will be awarded to the high bidder for the complete set. (HA) |
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Brutal |
For those few arguing that the terms/conditions were clear in the listing, I disagree. On the surface it covers the bare minimum.
The absence of information on how one lot could end while the others continued is a huge miss by Heritage. It should have explained in detail how this auction was set up. It should have also explained the absence of synchronized coding between the complete set and individual lots. It should have explained that the individual lots did not have a running tally and that users had to calculate the cumulative number themselves. When you see all the conditions that played out that no one was made aware of from the beginning, the result is a disappointment in Heritage. That small paragraph really should be around 12-16 sentences long with all the real rules/conditions that were in play. |
As typical of Net 54, there has to be hand-wringing over every possible legal avenue and people who just need to be contrarians. It’s very simple: the auction was screwed up by Heritage by shutting down the full set lot while continuing to allow the single lots to run. This was a failure which defeated the very concept of an auction. It is Heritage’s fault, period. No one else’s. As I wrote to a friend in a text at 11:26 pm that night, during extended bidding: “The poor guy who had the high for the set is screwed if we push it over.” Referring to bidding on the individual lots while the full set lot was closed.
The only fair resolution to all the bidders and the consigner is to redo the auction and if the consigner loses money from the new final bids, Heritage should make up that difference to him — BECAUSE THIS MESS WAS THEIR FAULT AND THEIR FAULT ONLY. Instead of spending days trying to cover their ass and lie to all involved, Heritage should simply admit they screwed up and fix it — at their expense. |
Presumably the way this should have worked was the aggregate of the individual lots should have been a ‘bidder’ in the software. That way the high bid for the lot would have always been displayed and the lot would have remained open every time a bid was placed on an individual lots since it would have increased the bid of the set lot.
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I paid my invoice for the Baker yesterday via wire transfer. I now have a receipt showing “paid in full” and my account balance has been zeroed out with Heritage.
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I relied on reading the lot, my account confirming I won and experience in bidding on thousands and thousands of items over 20 years. Did I sit down and read the “terms and conditions”? Of course not! Nor will I ever accept that I should have. That’s like the insurance company relying on the fine print to deny a just claim.
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I mean…PWCC just had an issue and had thousands of “you’ve won!” emails go out. Does that mean everyone should be awarded those items? Obviously not. Obviously heritage should have ran this auction differently/better but the wording posted above in the set listing is very cut and dry. Plus we all know as soon as we bid on something, we are agreeing to their rules, terms, conditions etc…even if they suck. |
Hi Powell
It was nice getting to meet you on the phone call we had. You seem like a passionate collector who loves the hobby. Much the same as most on this forum. I think this incident is awful, but is a human error. They happen. I am sure Heritage has a lot to consider. As I said on the phone, if it were my company, I would consult with the consignor, and I would be running the auction lot(s) again. And as I had mentioned, it is debatable to start the lot(s) over from scratch or where they left off. If it picked up where it left off at least 3 bidders are already known (if not more). A redo sounds like the best way to do it to me. I would say - We made a mistake and the s/w didn't work as intended. After consulting with the consignor we are redoing the lot(s). We apologize for any inconvenience. Heritage is a great Net54 partner and I think Chris (hi Chris) and team do a great job. I will continue bidding and consigning with them. I hope it all gets worked out as best as possible. Quote:
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While I am glad you won the card, how would you feel if you were Powell? . |
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