Heritage Live Auction -- Black Swamp debacle

[benjulmag]

Originally Posted by calvindog

As long as there are no misrepresentations to the bidding community is all I said. As David pointed out above, if the cards were marketed as "the only high grade card in existence!" then it is misleading. What is hypocritical is your pointing out how ethical Heritage is by its poor handling of the Black Swamp Find due, according to you, to its strong ethical considerations -- but ignoring the seeming lack of ethics by Heritage of burying the fact that it bids in its own auctions and hides that info in paragraph 21 of its rules section.

Material omissions are as much acts of fraud as are material misrepresentations.

Also, when did I say anything about the practice of an auction house bidding against its own customers? For the record, I am against such a practice as I don't believe an auction house should be wearing two hats. I'm simply pointing out the inconsistency and hypocrisy of you criticizing them for not maximizing the return to the family that consigned this find, while simultaneously criticizing them for maximizing it through the practice of house bidding.