Posted By:
bruce dorskin
Reviewing 35 year of Basebal Auction catalogs from 60 different
auction houses, one, though careful research, can indentify
at least 12 situations where the Auctionner offerd buyers the
entire lot as the option to acquire individual cards.
The rare coin hobby generates in excess of ten times the published
revenue of the baseball board hobby. Many prominenet coin dealers
including some which are now GMI companies (owner of Teletrade)
have authored the multiple lot auction-generally that lot is a proof
set or complete issue.
Auction laws are generally regulated by the state. I would be quite
reserved in my efforts before stating t"hat offering a group of individual
lots offered as a super lot is iillegal." The courts will question your auhority or legal
standing to raise such a point...and if you brought such a case to
the vast majority of the state courts where baseball cards are auctioned,
you woud be rewarded with a directed verdict against yourself,. In certain states
states you would also have to assume the defendant's legal costs.
Rember the primary responsibility of tjhe Auction House is ensure that
the highest possible level of bidding is generated and to maximize overall
price for the seller and profitability for the Auction House.