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#1
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They tell you what they do and to Jim's point they don't seem to limit themselves in the fine print unless he missed it. They make no secret about it, if you don't like it don't bid with them. I don't like it and I don't bid with them.
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Check out my aging Sell/Trade Album on my Profile page HOF Type Collector + Philly A's, E/M/W cards, M101-6, Exhibits, Postcards, 30's Premiums & HOF Photos "Assembling an unfocused collection for nearly 50 years." |
#2
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Perhaps next time I bid against a "house" bid, they'll put me on an even playing field by waiving the 20% advantage the "house" has by not having to pay the BP...
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MOO, Scott Collecting: 1948 Leaf Football Master Set (PSA 7 or better - PSA 6 or better for High Numbers), 1948 Leaf Football White Backgrounds, 1948 Leaf Football On-card Autographs, Wire Photos or Original Photos depicting images used for the 1948 Leaf Football issue -- circa 1880-1909 Football cabinets |
#3
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they do the same thing with coins in the last 18 months theyve sold the same coin 5 times including giving it on consignment to a dealer who then tried to sell it to my outright...if its not illegal it should be
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#4
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It creates a false market with false prices realized. In the case of the program above, if Heritage is in fact "the owner", it is misleading in that respect as well.
JimB |
#5
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Someone was kind enough to send me a link to their rules. Here is rule #21. It does not seem fair to me. So I guess it is not just the auction house and its employees that can bid and modify bids with insider information, but anybody that they deem an "affiliate".
JimB "21. The Auctioneer, its affiliates, or their employees consign items to be sold in the Auction, and may bid on those lots or any other lots. Auctioneer or affiliates expressly reserve the right to modify any such bids at any time prior to the hammer based upon data made known to the Auctioneer or its affiliates. The Auctioneer may extend advances, guarantees, or loans to certain consignors." Last edited by E93; 07-19-2012 at 12:18 AM. Reason: change colors |
#6
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So the question becomes if you don't like it, do you still patronize them? It's not like they aren't telling you they reserve the right to do these things. Again, not defending the practice but complaining about it and continuing to bid with them doesn't seem to accomplish much.
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Check out my aging Sell/Trade Album on my Profile page HOF Type Collector + Philly A's, E/M/W cards, M101-6, Exhibits, Postcards, 30's Premiums & HOF Photos "Assembling an unfocused collection for nearly 50 years." |
#7
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This reminds me of the urban legend about a handful of NY vendors selling 1952 Topps Mantles back and forth amongst themselves inflating the Mantle price back in the 1970's
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#8
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#9
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Jason,
You crack me up. But the silence is deafening. What are we to presume by this? JimB Last edited by E93; 07-18-2012 at 06:47 PM. |
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