Quote:
Originally Posted by PolarBear
Wow, great article.
I couldn't believe the pseudonym of their in house "bidder", N.P. Gresham. Greg Rohan, the President of Heritage Auctions, says the N.P. is for "New Purchase" but claims he doesn't know the significance of Gresham.
I'm calling B.S. (Baloney Sandwiches) on that one. Heritage is primarily a numismatic (coin) based company. One of the widely known axioms in coin collecting is Gresham's Law. The use of it here is clearly meant to mock the bidding process. I'm shocked at the audacity.
No wonder he claims he doesn't know the significance of Gresham. That sure wouldn't come across too well in a lawsuit about shill bidding.
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Don't
misunderestimate Rohan. There's definitely something stinky in the potpourri at Heritage. I have to wonder how much of the $ I dropped there last year were bids against the house...