Another day, another lawsuit against an auction house. This one involves a former Heritage employee accusing Heritage of shill bidding.
The back of Heritage catalogs' terms and conditions read: "The Auctioneer or its affiliates may consign items to be sold in the Auction, and may bid on those lots or any other lots." So for years disclosures about this type of bidding have been clearly spelled out by Heritage.
I think this policy is shady, even with the disclosures, so I am glad someone is calling them on it.
(Please no great guy/good guy jokes, Peter and Jeff.
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