Quote:
Originally Posted by Peter_Spaeth
I don't know if they have insurance coverage or not. Even if they did, most of these cards don't have established values. So there is a logic to establishing values through the auction. The same logic would apply if no insurance, to establish compensation for the consignors of the lost cards. Not defending them, just offering a perspective.
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People and museums with rare works of art regularly carry insurance. If a dollar value can be determined for something unique, like van Gogh's The Starry Night, a value can be determined for a Cracker Jack Matty.
Again, the notion the auction listings needed to run to determine value is ridiculous. This is a very rare instance - meaning, values are almost always determined for insurance purposes in other, conventional ways.
Justifying the deception of bidders simply because you want to find out what they would pay is not, IMO, ethical. As another poster said, if somebody on this forum wanted to know what his card was worth and ran a phantom auction to find out, would that be condoned?