[raulus]

Pretty much every auction house does some due diligence on their customers to make sure that they can pay, and don't just have some jokers running around and bidding obscene amounts that they'll never be able to actually pay. eBay being the exception, of course.

Obviously for most shops, it's merely a matter of getting references.

I think with PWCC and their premier auctions, they usually target a price point well into 5 figures, and often even into 6 or 7 figures. So they want some additional confidence in a bidder's ability to honor that bid. Obviously there are more (and less) invasive methods of getting there.

Not sure why the T206 auction is on their premier platform, but maybe they didn't have another box where it fit nicely, so this was sort of the closest thing they could come up with. Obviously for the seller, it's a problem if a large number of potential bidders are frozen out. But I suppose most around here would suggest that's what they get for working with this AH to begin with.