Quote:
Originally Posted by raulus
Fair enough. Maybe to clarify, I get the general theory. I just don’t get the fiction where you ignore that you had a choice to bid at that price and proceeded of your own volition.
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Setting aside the fact that undisclosed shill bidding is illegal in OR where PWCC operated, we can argue about the margins of what is tolerable on the spectrum between the auctioneer driving up the bid using 'house' accounts and inside information about the actual bidders' maximums (Mastro) and a consignor having a friend bid to a specific level w/o the auctioneer's participation and if there is an actual risk of having to 'buy' the card from the auctioneer (i.e., pay for it and take delivery).
My view is that if you want to have a reserve auction, have one. If you want to set a floor on a card, set it. But don't claim to sell in an absolute auction and then engage in or tolerate shilling to put a floor under the item. Just doesn't smell right to me. Again, legalities aside.
As for comps, I agree with Leon when it comes to rare items. There are no comps, so fighting over the price is silly because I am not going to negotiate over it. Modern cards are so commoditized that comps are ubiquitous. I have four apps available on my phone plus eBay to check prices. All I hear at shows from modern card shoppers is “Card Ladder this” and “Wax Stat that”, and at the last show I attended every table had at least a customer or two furiously fingering something at his crotch (oh, get your minds out of the gutter; I mean their phones, checking comps).