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Posted By: JimB

If Hal was not the bidder of record, and the bidder of record was not the consignor, then Mastro is free of liability for wrongdoing. I understand what you are getting at Jeff, but I don't see how an auction company can prevent someone from having a friend bid for them.

And actually, if they are willing to swallow the BP and buy it back, I don't really have a problem with that. If I think an item of mine that I consigned is worth 10k and minutes before it is to close, it is still at 3k, if I am willing to pay the 20% BP, what is the problem? It may not be particularly smart to do that and immediately consign it to another auction house, but I don't think it is morally objectionable.
JimB