View Single Post
  #12  
Old 06-27-2009, 10:22 AM
calvindog's Avatar
calvindog calvindog is offline
Jeffrey Lichtman
Member
 
Join Date: Apr 2009
Posts: 5,889
Default Flash: New auction house strategy

How about this for a business model:

1) consignors give cards to auction company;

2) cards are auctioned off;

3) cards are paid for by the winners;

4) fees are deducted;

5) remaining money is immediately sent to consignors; and

6) auction house fees are used to pay for auction house expenses.

I think this business model works pretty well.

Notice that I eliminated some of the more pesky, troubling steps such as shill bidding, price guarantees to certain consignors, self-dealing, knowledge of ceiling bids by auction house principals and employees, undisclosed restoration and altering, fake winning bids which give the appearance that a lot is sold when in fact it is not, permitting auction house principals and employees to place initial bids on an item during the extended bidding period, lies about checks being in the mail, and finally repeated haughty and false claims of innocence on public chat boards.
Reply With Quote