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#12
07-25-2012, 01:05 PM
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If it is as Chris Ivy states, I'm fine w/ Heritage's policy here. You just need to consider the price one week before the auction ends at that lot's reserve. I'm not exactly happy with allowing employee consignments b/c I think there's too much potential for conflict of interest. I can probably live with this, however. As others have stated, however, I just wish they would write these into their rules. If it is in the rules, the auction house will be compelled to follow them. Look at what's just happened to Mastro/Allen. A number of the charges were because the auction house had set a Code of Conduct, and then when these were not followed, the principals were charged with fraud.
Last edited by glchen; 07-25-2012 at 01:13 PM. 
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