Is "market pushing" ethical or not?

[MVSNYC]

"As long as you have the risk of paying if you win you aren't doing anything wrong."

I agree with Adam W.

[Jobu]

So does Heritage:

"No Reserve: This lot is being sold without a consignor reserve. (Note: By law, consignors may still bid under certain conditions, but they are responsible for paying the full Buyer's Premium and Seller's Commission if they do.)"


http://www.ha.com/c/ref/web-tips.zx?...sources-111815

Originally Posted by MVSNYC

"As long as you have the risk of paying if you win you aren't doing anything wrong."

I agree with Adam W.

[Leon]

My understanding is they have that clause solely for in-person Live Auctions. They have to have it for that. Their auction software will not allow a consignor to bid on their own lots. I am not in favor of some other things which we politely agree to disagree on, as Chris and team know, but as for that clause, I believe that is the reason.

Originally Posted by Jobu

So does Heritage:

"No Reserve: This lot is being sold without a consignor reserve. (Note: By law, consignors may still bid under certain conditions, but they are responsible for paying the full Buyer's Premium and Seller's Commission if they do.)"


http://www.ha.com/c/ref/web-tips.zx?...sources-111815

[Jobu]

That is good to know, when I read that I thought "wtf ... well I guess at least it is spelled out in the rules." My next question is whether that language would allow someone to register for a second account and then bid without being rejected by the software.

Originally Posted by Leon

My understanding is they have that clause solely for in-person Live Auctions. They have to have it for that. Their auction software will not allow a consignor to bid on their own lots. I am not in favor of some other things, as Chris and team know, but as for that clause, that is the situation.