Posted By:
Jeff LichtmanI congratulate Doug for coming on here and being forthcoming. And like Corey said, while we may not all agree with his practices at least he had the balls to come on here and serve them up. I expect REA and the rest of the bunch to provide their positions on these issues as well. As for the shock that anyone would criticize Mastro or Doug, get real. This is America and this is a zillion dollar business. Tell me another business that does not provide transparency in the way they do things and I'll find you a company that will soon be out on its ass. Why should the large auction houses be any different? The lack of transparency in auction house practices - or any other business - has resulted in people going to prison (if you don't believe me ask Alfred Taubman).
Finally, disclosure is the only antidote to our concerns. Let Mastro do whatever they want to the cards they sell - as long as they disclose it. I'd like to see that day come but I strongly doubt it ever will.