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  #1  
Old 01-28-2016, 06:34 PM
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swarmee swarmee is offline
J0hn Raff3rty
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So the "Hidden Reserve" was basically the same concept that PWCC used in eBay for years as well as are still in the Terms of Service at multiple auctionhouses going today. Not illegal, just unsavory.

I wasn't in the vintage card market at that time, and I don't really splash in the deep end now, but I will continue to make minimum bids and then snipe at the end.
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Oh, what a difference a year makes.
  #2  
Old 01-28-2016, 07:38 PM
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Quote:
Originally Posted by swarmee View Post
So the "Hidden Reserve" was basically the same concept that PWCC used in eBay for years as well as are still in the Terms of Service at multiple auctionhouses going today. Not illegal, just unsavory.

I wasn't in the vintage card market at that time, and I don't really splash in the deep end now, but I will continue to make minimum bids and then snipe at the end.
The hidden reserve is unsavory and contrary to the spirit of the auction. It is not illegal, but I don't think Christy Mathewson would do it.
  #3  
Old 01-28-2016, 07:42 PM
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After reading through this document I felt like I wanted to puke. WTF!

How do they know that those on the shill bidders list actually shilled the auction?

Can we assume that each of the victims were notified?

Was any restitution paid to the victims by the shill bidders or Mastro or Allen?

OMG - how much of those auctions were actually legitimate? Based on all the shill bidding going on it appears that many items are probably a bit inflated in value.

Is anything going to happen to the other shill bidders listed?
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  #4  
Old 01-28-2016, 08:19 PM
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ullmandds ullmandds is offline
pete ullman
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Quote:
Originally Posted by Fred View Post
After reading through this document I felt like I wanted to puke. WTF!

How do they know that those on the shill bidders list actually shilled the auction?

Can we assume that each of the victims were notified?

Was any restitution paid to the victims by the shill bidders or Mastro or Allen?

OMG - how much of those auctions were actually legitimate? Based on all the shill bidding going on it appears that many items are probably a bit inflated in value.

Is anything going to happen to the other shill bidders listed?
where have u been fred...these discussions have been going on for a while...and there was a long thread last year urging people to write letters to the judge prosecuting mastro to try to get restitution or a longer sentance.
  #5  
Old 01-28-2016, 08:25 PM
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Pete,

Perhaps I chose to "ostrich-up" and pretend that this stuff doesn't really happen in a hobby that's brought me a lot of joy. Yes, I've been reading about this for a while but when you see a fact base document from a court of law it's hard to keep your head buried.
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  #6  
Old 01-28-2016, 08:29 PM
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ullmandds ullmandds is offline
pete ullman
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Originally Posted by Fred View Post
Pete,

Perhaps I chose to "ostrich-up" and pretend that this stuff doesn't really happen in a hobby that's brought me a lot of joy. Yes, I've been reading about this for a while but when you see a fact base document from a court of law it's hard to keep your head buried.
i know what you mean...now its all too real!
  #7  
Old 01-28-2016, 07:44 PM
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If this board were a band, this is definitely where we'd break up.
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Last edited by conor912; 01-28-2016 at 07:45 PM.
  #8  
Old 01-28-2016, 09:28 PM
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If this board were a band, this is definitely where we'd break up.
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  #9  
Old 01-28-2016, 09:29 PM
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Now that's funny!!
  #10  
Old 01-28-2016, 09:37 PM
Brian Van Horn Brian Van Horn is offline
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So, if we are looking at this from an original Hall of Fame induction angle as opposed to the Beatles, does that make Yoko Ono Babe Ruth? Oh, no!
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