Legendary's auction that ended last night

[botport]

I was interested in one lot for sure.. possibly another one or two if the price was right. I attempted to register over a week ago. I never received anything other than an email that said 'your application will be processed and you will hear from us in 24-48 hours' or something very similar... I tried to log in today out of curiosity, the site told me bidder id and password do not match.

[bcbgcbrcb]

As many others have stated many times before, when it comes down to it, material trumps ethics, hard feelings, etc. That being said, I feel that this was the weakest Mastronet/Legendary offering that I can ever remember seeing. I too think it will be all downhill from here..............

[Publius]

Why anyone would bid or consign to Legendary at this point is beyond me.

You bid and win, send them your money,they cash it and go out of business, Feds seize the assets and you get ten cents on the dollar.

You consign something nice and, well see above

Why gamble with your money and collection on a company that could be gone any day now and take your stuff or money with it, when there are so many other options?

Too risky, that is a sinking ship I got off of a long long time ago.

[rainier2004]

Originally Posted by Publius

Why anyone would bid or consign to Legendary at this point is beyond me.

You bid and win, send them your money,they cash it and go out of business, Feds seize the assets and you get ten cents on the dollar.

You consign something nice and, well see above

Why gamble with your money and collection on a company that could be gone any day now and take your stuff or money with it, when there are so many other options?

Too risky, that is a sinking ship I got off of a long long time ago.

Yup...

[keithsky]

I personally wouldn't consign to Legendary not knowing what will happen with the company. I would like to know if there is any consignors on this board that do consign with Legendary and what your thinking is on why you do. Just curious. Don't need guys blasting anyone why they do just what the draw to Legendary is over another company since there seems to be such a risk. Anyone willing to admit they do and there views on it and please guys don't jump on anyone that does.

[BeanTown]

Originally Posted by keithsky

I personally wouldn't consign to Legendary not knowing what will happen with the company. I would like to know if there is any consignors on this board that do consign with Legendary and what your thinking is on why you do. Just curious. Don't need guys blasting anyone why they do just what the draw to Legendary is over another company since there seems to be such a risk. Anyone willing to admit they do and there views on it and please guys don't jump on anyone that does.

Keith, Ill take the bait. Lol. What many consignors look for is protection (reserves) on high end lots. It wasnt until recently in the last 5 years that AHs common advertised reserves and it became a thing of the norm. Plus, the sellers commissions has dropped from paying 15 percent to where you recieve 10 percent back. But the biggest thing that any consignor should look at is the companies mailing list. I believe all the long running AHs have the simular lists. Heritage would be the exception as they would have a great cross over list with all the other collectible auctions they run.

Another big thing to think about when consigning to an AH is trust... Trust that they say they will do what they said they would at the time you gave them your consignments. Most AHs now have detailed contracts and are pretty good following thru on their promises. This can not be said 5 years ago or later on some AHs in the business.

[Leon]

Originally Posted by BeanTown

Keith, Ill take the bait. Lol. What many consignors look for is protection (reserves) on high end lots. It wasnt until recently in the last 5 years that AHs common advertised reserves and it became a thing of the norm. Plus, the sellers commissions has dropped from paying 15 percent to where you recieve 10 percent back. But the biggest thing that any consignor should look at is the companies mailing list. I believe all the long running AHs have the simular lists. Heritage would be the exception as they would have a great cross over list with all the other collectible auctions they run.

Another big thing to think about when consigning to an AH is trust... Trust that they say they will do what they said they would at the time you gave them your consignments. Most AHs now have detailed contracts and are pretty good following thru on their promises. This can not be said 5 years ago or later on some AHs in the business.

As long as everything is transparent things are usually ok. It's when people/companies say one thing and do another, they tend to have issues.

[calvindog]

Originally Posted by BeanTown

Another big thing to think about when consigning to an AH is trust... Trust that they say they will do what they said they would at the time you gave them your consignments. Most AHs now have detailed contracts and are pretty good following thru on their promises. This can not be said 5 years ago or later on some AHs in the business.

Again, as per a federal indictment to which Doug Allen pleaded guilty and to which you testified in the grand jury, you and he conspired to shill bid up your lots you consigned to Mastro. Leon asked me not to hound you about your fraud and I won't -- but I don't think it's appropriate for you to discuss these issues and lie. Your written contract with Mastro surely did not say that Doug would bid for you in order to artificially inflate the price of your lots. His exact comment to you in an email was part of the indictment in which he was charged with fraud. Your "trust" with Doug about your consignments was a fraudulent, criminal understanding.

Maybe you and he trusted each other but the people who were ripped off obviously weren't part of that "trust."

[tiger8mush]

Originally Posted by BeanTown

But the biggest thing that any consignor should look at is the companies mailing list.

How do you see an AH's mailing list?