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Old 07-09-2007, 05:26 PM
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Default Mastro Auctions Being Investigated by the FBI

Posted By: JimB

Barry,
I was pulling numbers out of my head, but you can imagine the scenario: A consigner decides, at whatever price, that s/he would rather eat the BP and buy the lot back at a certain price that sell it at that price. I am sure there are instances where consigners are not thrilled with prices realized in Mastro auctions, like any others. As buyers we often feel like there are no deals there, but sellers feel differently.
JimB

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