Quote:
Originally Posted by h2oya311
Amen! There are only a few AH's that I trust since all this *poop* hit the fan, but it sure would be nice if, as a consignor, my AH of choice came on here and said exactly that! I don't want potential bidders and hobbyists to be turned off by all the negativity and fearing that they will be shilled in a perfectly legitimate auction. Why the silence from all the big players? It's in your best interest to come on here and set things straight, whether you're on the list or not!
My guess is that most think that Al's (LOTG), Ryan's (Cubanbaseball), and Rhys's (RMY) auction houses don't have shill-bidding issues - I'm deducing this based on my experience with each and because at least Rhys and Ryan have come on here to chime in - but wouldn't it behoove you (and the bigger players) to come on here and flat out tell it like it is?
I suppose we won't hear from any/all because if there's a chance that someone is shilling their auctions that they don't know about, there could be hell to pay and possible lawsuits in their future. But it sure would be nice to know that someone out there cares and is willing to stick their neck out and say, "here I am...look what I'm doing to prevent shilling from happening in my auctions and no, I have never shilled or allowed shilling to take place in my auctions!" Simple.
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Or could be that shilling, as we define it here to include the house bidding against the public, is at least partially allowable in Texas, where Heritage HQ is located. Their rules say right up front that the house can bid on stuff, as Chris Ivy stated in a 2009 interview:
"Heritage, and its affiliates, in addition to being the largest collectibles auctioneer in the world, is also one of the largest collectibles dealers (i.e., buyers and sellers) in the world," Ivy explained. "Heritage Auction Galleries is almost unique in that regard within the fine art field, as most fine art auction houses aren’t dealers, don’t have dealer affiliates, and thus don’t bid in their own auctions. Most coin and many collectibles auction firms, however, do bid in their own auctions. The fact that we bid in our own sales is fully disclosed online and in our auction catalogs. We state: ‘The Auctioneer or its affiliates may consign items to be sold in the Auction, and may bid on those lots or any other lots.’ Even if we didn’t fully disclose it – which we do – it would be perfectly legal for an auction house or its affiliates to bid in their own auctions so long as the bid is made with the intention of buying the item.’
"Frankly, it wouldn’t be fair to our consignors for us not to bid in our own auction the same amount we would gladly pay for the same item in a competitor’s auction," Ivy observed.
- See more at:
http://www.tuffstuff.com/news/herita....p7VVPAqw.dpuf