Heritage Auctions

[Shoeless Moe]

Originally Posted by Heritage Sports

This is an issue that has been discussed on the board previously, and Mr. Roste has it almost completely right. Every bid Heritage places is an intent to buy at wholesale level. We don’t expect to win much at this level since the vast majority of our offerings sell at retail, but we offer the same price we would at a dealer’s booth at the National, for instance. These “house bids” are placed exactly seven days prior to the closing of the auction.

This doesn't make sense, you say "Every bid Heritage places is an intent to buy at wholesale level". Well your bid here won the item, yet you immediately re-list for sale on your Site and you attempt to re-sell it on Ebay. So did the "Consignor" of this item to Heritage actually get paid? I highly doubt it. It most likely is an item owned by Heritage, you bid it up attempting to get max value. It's shill bidding, but you can get away with it because you clearly state we bid on items aka shill bid.

And your claims of Sales totals are very false, because I'm sure you include all these items that were "sold", but really remain with Heritage for future auction or sell on Ebay. So anyone then can say they sold millions of dollars in their auction but when your "winning" your own items, it's a false claim.