Analysis of current AH's rules regarding shill/internal/sketchy bidding practices

[Peter_Spaeth]

It's good to hear from Heritage. It would be even better to hear from Heritage about their view on the altered card scandal enveloping the hobby, and what (if anything) they are doing in response.

For example, has the winner of this apparently trimmed and recolored 70K Hull rookie been contacted?
https://www.blowoutforums.com/showpo...postcount=1778

[steve B]

In a few live auctions where lots I've wanted have had reserves that weren't disclosed the way it worked was that I was bidding against the reserve which was handled as bids as if I was bidding against another buyer. Seems strange, but it worked pretty well, one place would announce when bidding was against the reserve, another wouldn't
Both would disclose the reserve when the bidding ended, or once it was exceeded. Both would usually then allow a bit at the reserve unless the high bid wasn't even close.

So like
all done at 120? hammer, "the reserve was 130 do you want it?"

[perezfan]

Originally Posted by Peter_Spaeth

It's good to hear from Heritage. It would be even better to hear from Heritage about their view on the altered card scandal enveloping the hobby, and what (if anything) they are doing in response.

For example, has the winner of this apparently trimmed and colored 70K Hull rookie been contacted?
https://www.blowoutforums.com/showpo...postcount=1778

Chris,

Your post here is much appreciated. Thank you.

I know you said that was to be your only post. But to Peter’s inquiry, please assure us that the winner of the altered Bobby Hull Card was notified!

It is not a poor reflection on Heritage whatsoever. A card doctor with nefarious intent submitted it to PSA, where it was issued a high numerical grade. The trouble is that once these altered cards are slabbed, they can (and will) end up everywhere in the hobby... trade shows, auctions, ebay, private sales, inheritances, and so on.

So rather than being a poor reflection on Heritage, the communication would be viewed as an enormous positive. Can Heritage notify the unsuspecting buyer, and more importantly report the consignor to Law Enforcement? Heritage can play an integral role in cleaning up the hobby!

Please let us know if necessary steps are being taken to alert the buyer and expose the consignor. True collectors will be forever thankful for any help in eradicating the corruption and deception that is plaguing this hobby.

To have a major player in the industry such as Heritage on our side would be a huge feather in your cap. Your loyal and core collector base would be forever thankful!

[Johnny630]

Originally Posted by perezfan

Chris,

Your post here is much appreciated. Thank you.

I know you said that was to be your only post. But to Peter’s inquiry, please assure us that the winner of the altered Bobby Hull Card was notified!

It is not a poor reflection on Heritage whatsoever. A card doctor with nefarious intent submitted it to PSA, where it was issued a high numerical grade. The trouble is that once these altered cards are slabbed, they can (and will) end up everywhere in the hobby... trade shows, auctions, ebay, private sales, inheritances, and so on.

So rather than being a poor reflection on Heritage, the communication would be viewed as an enormous positive. Can Heritage notify the unsuspecting buyer, and more importantly report the consignor to Law Enforcement? Heritage can play an integral role in cleaning up the hobby!

Please let us know if necessary steps are being taken to alert the buyer and expose the consignor. True collectors will be forever thankful for any help in eradicating the corruption and deception that is plaguing this hobby.

To have a major player in the industry such as Heritage on our side would be a huge feather in your cap. Your loyal and core collector base would be forever thankful!

+1 on above and Peters question

[ullmandds]

Again...this was not to be an AH bashing thread...but since chris came on here in the 1st place...I also would like to hear his responses to the questions posed.

Perhaps someone could email the questions to him and post his response here???

[CobbSpikedMe]

While I understand what Chris is saying, I still think its slimy of an auction house to bid in it's own auctions for any reason. Basically you have a multimillion dollar bidder that can outbid everyone on all the lots in the auction raising all lots to a "wholesale" price. Or bidding up others who may have had a shot at a good price on something if it was falling under the radar or demand happened to be low at that time. I just don't like it.

[ullmandds]

Originally Posted by CobbSpikedMe

While I understand what Chris is saying, I still think its slimy of an auction house to bid in it's own auctions for any reason. Basically you have a multimillion dollar bidder that can outbid everyone on all the lots in the auction raising all lots to a "wholesale" price. Or bidding up others who may have had a shot at a good price on something if it was falling under the radar or demand happened to be low at that time. I just don't like it.

I agree...as well as the idea that they bid if they feel like a lot is a "good deal?" Everyone's idea of a "good deal" may be different.

[x2drich2000]

Originally Posted by ullmandds

I agree...as well as the idea that they bid if they feel like a lot is a "good deal?" Everyone's idea of a "good deal" may be different.

yup, if the lot is a good deal, did they they really do all they can for the consignor? Especially if they feel they can sell it again and make more of a profit?