Heritage Auctions

[travrosty]

they use their n.p. gresham in house account to bid on items they think are worth getting at that price. they admit they are buyers and they will turn around and try to resell it at a profit. the difference between shilling/pushing the price up that way, which could lead to accidentally getting stuck with an item on ocassion, - and bidding with the intent to buy the item and win it outright because they want the item, is intent. since nobody can prove what their intent is when n.p gresham bids, their disclaimer that they reserve the right to bid on items, which is in the fine print, stands and it's legal but i don't like it. they should either be dealers or auctioneers, but not both in my book.