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JKBarry - of course, you had to give the bidder the card after he paid. Now what would have happened if your consignor, who was in on the shill, had demanded the card back as soon as you notified him that the bidder refused to pay? Ive never seen a consignment contract, but unless it gives you the right to retain the card while you seek legal action, I suspect you would have had a more difficult time pursuing the matter.
Moreover, most sales are not 100k wagners. I'd say one would have to be pretty stupid to risk being responsible for the bp on such an expensive card. The average 5-10k lot isnt going to be worth suing over.