Quote:
Originally Posted by Peter_Spaeth
Perhaps, but on the other hand, that potentially means 50+ disputes with consignors about how much to reimburse them, assuming they in fact have coverage disputes with the insurance company over values, not to mention the gut punch that would deal to the rest of the auction.
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What I hear you saying, which is clear, is that ML did what was easiest and best for THEM. That does not mean what they did was ethical or right.
They auctioned off cards they did not have. They created fake sales to serve a purpose other than to complete sales. Isn't that, basically, lying to bidders? It certainly is misleading them to a huge degree, and I don't see how that can be defended.
What should've happened:
1. Immediately close those auction listings.
2. If the cards are not recovered, establish values for insurance purposes the standard way. It's done all the time, without staging fake auction listings.
3. If the cards are recovered, offer the consigners a return, or a discounted listing in a subsequent auction.
But don't use your trusting bidders for your own purposes, to their detriment.