the list (of criminals) is revealed

[Joshchisox08]

Originally Posted by TNP777

Post #51 in this thread

http://net54baseball.com/showpost.ph...0&postcount=51

Thanks !

[paul]

I naively thought that only the big boys bidding on high value lots got shilled. I got shilled for $200. Sad.

[Econteachert205]

any thoughts as to whether this could contribute to price deflation in the market? There has been widespread false price discovery here. Maybe it's old enough not to matter to prices now.

[The Nasty Nati]

I would love if Keith Olbermann spoke up about this. He was the victim on quite a lot of the top dollar items.

[prestigecollectibles]

Originally Posted by The Nasty Nati

I would love if Keith Olbermann spoke up about this. He was the victim on quite a lot of the top dollar items.

I just emailed this to Olbermann.

[stlcardsfan]

Originally Posted by prestigecollectibles

I just emailed this to Olbermann.

Keith should go to the sentencing and go into one of his diatribes / commentaries. Would pay to watch that.

[wondo]

I know Flip Filipowski invested in (bought) Mastro, but was there another Filipowski that actively worked there?

[Joshchisox08]

Originally Posted by Econteachert205

any thoughts as to whether this could contribute to price deflation in the market? There has been widespread false price discovery here. Maybe it's old enough not to matter to prices now.

Something I was wondering and hoping for.

[iwantitiwinit]

Originally Posted by Econteachert205

any thoughts as to whether this could contribute to price deflation in the market? There has been widespread false price discovery here. Maybe it's old enough not to matter to prices now.

I would think there has been false price discovery without a doubt, however, I'm not so sure it will contribute to price deflation.

[Cat]

I was shilled once for $379 + vig (amounts seem to be only the hammer price) but apparently I wasn't a "victim."

[paul]

I wasn't a "victim" either, but I was shilled. I wonder what that means.

[Shoebox]

For those inquiring about why no victim is listed in the document for many of the entries. I found this in the document which seems to explain the reasoning.

"It is my understanding that for the remaining auctions in which the Government calculated a loss but did not identify a “victim,” the identified shill bidder either placed the
winning bid or the “shill bid(s)” did not immediately precede the winning bid. As such, it is my opinion the actual loss on these auctions is $0 because the “shill bid(s)” did not have a direct financial impact on the winning bid."

So essentially if a shill bid was used to bump the lot from $500 to $600 and then legitimate bids take the item up to $1000. The government is listing a "loss" of $100 on the item but not identifying a victim because the 2nd high bid is judged to be legitimate. Based on that then it would seem that most of the shill bids were placed to push items up to a hidden reserve early on in the bidding rather than attempting to max out the final sale price with late shill bids. Not defending or attempting to excuse any of this behavior, but I thought that context was important to note. I never bid or consigned in a Maestro auction so not directly affected by this but it is very discouraging and makes me question a lot.