Auction Houses and blind bidding

[Bored5000]

Since we are talking about eBay vs. auction houses, this PWCC auction for a 1913 Shoeless Joe National Game card is, um, interesting. The current high bidder has 77 total bids in the last 30 days, and all 77 of those bids have been with PWCC.

http://www.ebay.com/itm/350703421457...=p5197.c0.m619

[Fred]

I was told by a member that they were bidding up their own item that was listed in a "major" auction house auction. I was a bit flabbergasted to hear the admission and then I came to the realization that all auctions are probably rigged.

[OTWCards]

Paul:

You've held this one-minded opinion for quite some time. You've espoused it over and over and over and over and no matter what logical rationale anyone presents, you insist that your opinion is the RIGHT ANSWER.

You've been challenged to present an alternative. Identify how to run an auction house with transparency that still manages to protect the privacy of the bidder.

You come off as the self-professed answer to all that is wrong with the hobby and shout out endlessly about how important it is for collectors to have knowledge so that they don't overspend and in the same breath, you spent thousands to buy flips just for improving your Registry GPA without knowing or caring about the source of the product you are buying. Once you were enlightened, you've still denied it or spin-doctored it to your benefit.

To suggest that those spending hundred of thousands at auction for rare items via auction houses haven't done their homework or are unaware of the opportunity to be manipulated is a slap in the face to those that have forgotten more about the hobby and how it transacts than you will ever know.

To point a finger and accuse others while hiding behind your own selfishness just reinforces the cowardice and delusional importance you have placed upon yourself.

Entitled to your opinion? Certainly.

Being able to make blanket assumptions and throw around damning accusations without cause for being accountable. Absolutely not!

The is no CU moderator here to complain to and protect you and you'll find that your attitude, stubbornness and general ignorance won't fly too long.

Good luck...

[Sean1125]

Originally Posted by OTWCards

Paul:

You've held this one-minded opinion for quite some time. You've espoused it over and over and over and over and no matter what logical rationale anyone presents, you insist that your opinion is the RIGHT ANSWER.

You've been challenged to present an alternative. Identify how to run an auction house with transparency that still manages to protect the privacy of the bidder.

You come off as the self-professed answer to all that is wrong with the hobby and shout out endlessly about how important it is for collectors to have knowledge so that they don't overspend and in the same breath, you spent thousands to buy flips just for improving your Registry GPA without knowing or caring about the source of the product you are buying. Once you were enlightened, you've still denied it or spin-doctored it to your benefit.

To suggest that those spending hundred of thousands at auction for rare items via auction houses haven't done their homework or are unaware of the opportunity to be manipulated is a slap in the face to those that have forgotten more about the hobby and how it transacts than you will ever know.

To point a finger and accuse others while hiding behind your own selfishness just reinforces the cowardice and delusional importance you have placed upon yourself.

Entitled to your opinion? Certainly.

Being able to make blanket assumptions and throw around damning accusations without cause for being accountable. Absolutely not!

The is no CU moderator here to complain to and protect you and you'll find that your attitude, stubbornness and general ignorance won't fly too long.

Good luck...

I am not sure I have ever seen eye to eye with you but I wholeheartedly agree with this entire statement ... I learned a while ago otw knows what he is talking about...

[Wymers Auction]

What can an auction house do to retain folks trust? I am not talking about publishing bidder names that is ridiculous. We spend so much effort with conspiracies, but could there ever be trust? I believe that AH's are tried and convicted in the court of public opinion and they were not even invited to defend themselves. I saw a post about an admission where a consignor admitted shilling his own item. The OP jumps to an immediate conclusion that all AH's are rigged. No logical steps in between just pure conjecture. There is no way for an AH to know the activity of consignors. They may make up fake names, allow friends and family to bid, etc. I know I council every consignor on not bidding on their items and they sign a contract stating that they will not bid on such items. If I were to learn they bid on their own items they would no longer consign with me. What else can I do?