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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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-- PWCC: The Fish Stinks From the Head PSA: Regularly Get Cheated BGS: Can't detect trimming on modern SGC: Closed auto authentication business JSA: Approved same T206 Autos before SGC Oh, what a difference a year makes. |
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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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fr3d c0wl3s - always looking for OJs and other 19th century stuff. PM or email me if you have something cool you're looking to find a new home for. |
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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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fr3d c0wl3s - always looking for OJs and other 19th century stuff. PM or email me if you have something cool you're looking to find a new home for. |
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__________________
158 successful b/s/t transactions My collection: https://www.instagram.com/collectingbrooklyn/ |
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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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