Posted By:
Judge Dred (Fred)King,
I absolutely agree with you about the consignors. The fair thing to do would be to allow a consignor to withdraw their lot (without penalty) if they were under the impression the BP was going to be lower. I suppose one fair compromise would be to lower the SP for those that want to withdraw their lots. One thing to remember is that we all realize that there are very few bargains in the Mastronet auctions therefore the rational is that Mastronet auctions do garnish some of the most spirited bidding amongst the large auction houses. If someone were to withdraw their lot then they would be banking on getting a few percent more from another large auction house. We'll see how it all plays out. The guys at Mastronet are pretty good people so they'll probably do something to make things right for the consignors that feel slighted.