Restored Honus Wagner at SCP Auctions - Net54baseball.com Forums

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#11

10-17-2021, 06:55 PM

swarmee

J0hn Raff3rty

Member

Join Date: Jul 2014

Location: Niceville FL

Posts: 7,292

Quote:

Originally Posted by Hankphenom

I thought AH's prohibited consignors from bidding on their own items. How is the AH doing it for them any different?

It's legal and understandable, IMO, if the hidden reserve was agreed to with the consignor before the auction started. If not, it's effectively shill bidding. The auctionhouse is tasked to sell the item for at least the minimum the seller will accept when the seller sets a reserve. If the card sits there at $400,000 for a couple of weeks, then it most likely won't sell at/above the reserve at the end.

__________________
--
PWCC: The Fish Stinks From the Head
PSA: Regularly Get Cheated
BGS: Can't detect trimming on modern
SGC: Closed auto authentication business
JSA: Approved same T206 Autos before SGC
Oh, what a difference a year makes.

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