Posted By:
Tim NewcombHere's a lovely SGC 60 1922 Exhibit with a few hours to go-- it's sitting at $10.51 with 8 hours to go. By this time the PSA 5s in roomn8's auctions a few days were already pushing four figures (before the decimal, that is) and still hadn't hit reserve. Gee, where are the "whales" now?
How can anyone claim this was not a shill situation? Ebay's new policies not to show bidder names allows shillers to work with almost total impunity-- no one knows who these shilling bidders were except the dealer to whom the cards were consigned.
As for him, I'm sorry but I think a dealer has a responsibility to offer auctions that he believes will be on the up-and-up-- and those gigantic reserves should have been a huge red flag. And why exactly has this been a "horrendous" situation for you, Daniel? Even if you sold these cards for less than the reserves, haven't you made a tremendous commission on them considering their true market value? I think the proper thing would have been to yank the auctions and send them back to your consignor (who was obviously involved in something since he set those reserves) without selling them.
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