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Old 11-14-2006, 03:41 PM
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Default Mastro has raised Buyer Premium to 20%

Posted By: Jeff Lichtman

Obviously the right thing to do is to refund every consignor the 5% that Mastro increased the BP - assuming the consignors weren't told of this change.

Doug Allen indicated that the reason for the increase is due to the following: "This will ensure that we do not have to compromise in any way, with respect to conducting our auctions in the industry's most thorough, professional and efficient manner. ... We constantly apply this top-tier approach to every aspect of our business ... in the most painstaking authentication and cataloging process in the business."

Hmmm. I guess Mastro didn't apply that "top-tier approach" when reviewing Scott's hat. Do you think possibly that the raise in BP had more to do with Mastro "ensuring that [they] do not have to compromise in any way" the income of its owners? Does anyone else read these excuses and not roll around laughing on the ground?

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