Quick RR question

[thenavarro]

I can't speak to their current practices, but I used to consign a lot of stuff there including a complete Presidential run before.

On a couple occasions, we contractually agreed to a reserve. In practice, that did not mean that was going to be the starting bid price, so if thats what you mean by hidden reserves, I can 100% say with zero doubt, yes, they used to do that. If an item did not meet my reserve, it would not show in the completed results and would be returned to me per my request. Not sure about now as I pretty much just sell on my facebook site in my sig line and with the proliferation of the internet audience and facebook groups to sell in, I am able to put the commissions and premiums that I used to lose to the auction houses for the most part back into my own pocket. (Exceptions being non-routine items that I need a bigger market to move or that I don't really know the market value of)

Mike

[Runscott]

Thanks Mike. That lines up with what I've been seeing. If I had just gotten a straight-up response when I asked about it, all would be good. I'll still do business with them, as Bob is one of the best. But if you have a business practice that requires that your employees have to do a tap dance when asked about practices that are an integral part of your business, then you've got a problem.

The problem with our hobby is that no one seems to be squeaky clean. We're almost as bad as politicians.