Quote:
Originally Posted by oldjudge
Unless ML contacted the insurance company as soon as the cards went missing and was instructed by the insurance company to proceed with the auction I believe it was wrong to not remove those lots from the bidding. Values, I believe, could have been determined by other means.Hopefully, the cards will be recovered soon and this will become a non-issue for all involved.
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I think as a consignor you might want the auction to run on cards like these and as a bidder you would never want such a thing to happen. And I can see it both ways from an insurance companies point of view but what a length to go to to get FMV. YIKES.
Imagine if insurance companies added that provision to policies? One could never know if the item being offered is actually there to be bought or if it is to ascertain a value for an ins claim.