Goldin Auction - Honus Wagner “Rookie Card”

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11-01-2024, 02:12 PM

Fred

Member

Join Date: May 2009

Posts: 3,244

Quote:

Originally Posted by benjulmag

Peter,

That is a recognized practice among most major auction houses, disclosure of which is buried in the fine print of the auction rules. I characterize it as legalized fraud, as its purpose is to induce bids on the mistaken belief there is genuine interest at that bidding level.

Uh, yeah!

Why is this type of auction/sale allowed. It's basically trying to induce people with a lot of money that don't know any better to purchase something very hyped.

Why is this legal? Is this a practice/tactic auction houses like Lloyd or Christies employ?

__________________
fr3d c0wl3s - always looking for OJs and other 19th century stuff. PM or email me if you have something
cool you're looking to find a new home for.

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