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Old 03-08-2010, 02:51 PM
barrysloate barrysloate is offline
Barry Sloate
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Join Date: Apr 2009
Location: Brooklyn, NY
Posts: 8,293
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So let me pose this hypothetical, and it in no way has anything to do with Dean or REA:

We all agree it is unacceptable for an auction employee to bid with the company he works for, even if he only wants to buy something for his own collection. The reason is he has inside information concerning other bidders that would give him an unfair advantage.

So wouldn't an employee of a major auction house have access to the mailing list and contact information of all the auction house's key clients, something he wouldn't have if he were not an employee? And couldn't he contact these key clients with cards for sale? And suppose the deals didn't go so well- couldn't the clients call the auction owner and lodge a complaint about that employee?

So even if selling cards is not a direct conflict of interest, if I owned an auction house with employees I think I would tell them to focus on their day to day work, and not sell the same product the auction house sells.
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