Heritage Live Auction -- Black Swamp debacle

[travrosty]

Originally Posted by David R

I don't think any seller of baseball cards has a duty to disclose all the other cards he or she has and the grades or condition when selling. As long as there are no untruthful statements made - like this is the only high grade example - then there is no fraud.

in agreement, when the doyle error came out, the first guy to find it didnt tell everyone to make it fair for everyone in the hobby to sell them to him at a fair price, he tried to buy up other doyles at the regular price. was that dishonest? no, he used info he had to his own betterment.

heritage dropped the ball on this one, fuuuuumble!

to do it this way,they would have been better off to burn all the wagner's except for the one graded 10, and put a million dollar price tag on it. what is the difference between that, and only disclosing the 10 wagner, putting a million dollar price tag on it, until it sells, then put out a 9 wagner, etc, then another 9, the prices will be less for each subsequent one, but the buyer has paid for FOB, (first on block).

something tells me if any auction house would have made the find themselves and owned it themselves, it would have been sold differently because in this instance the auction house looked out for the buyers as much as the sellers by disclosing the pop number and grades of all the cards beforehand, but an auction house that owned the cards outright, would have only looked out for one entity, THEMSELVES, which is fine, but let's do the same thing for the consignor then in this instance that they would have done for themselves. heritage or not, any auction house would have used the cards to their own advantage had they owned them outright.