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Posted By: CoreyRShanus

Leon,

First, what is in the terms and conditions that specifically absolves the auction house of disclosing material info about a lot that its bidders would not otherwise be expected to know?

Second, EVEN IF there is such language, that does not mean it would necessarily be enforceable. The law will not enforce certain contract language that is deemed to be against public policy, and I would strenuously argue that any language that gives an auction house free reign to commit fraud would be unenforceable.