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Old 12-17-2021, 07:12 PM
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Quote:
Originally Posted by Johnny630 View Post
Sounds like a win win for the consigner and auction house!

Bottom line is people don’t care.
You could say that about almost any scandal in the hobby, especially nowadays.
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Old 12-17-2021, 08:12 PM
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I believe that the quoted language about the consignor bidding on their own consignments is a poorly drafted way of saying the consigner can establish a reserve. I also think the real purpose of the rule is to clearly state that consignors owe a buyers premium on lots that do not meet the reserve they create.

The rule that Heritage and it’s employees can bid on their own lot is elsewhere. But it’s there.
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Old 12-17-2021, 08:17 PM
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Quote:
Originally Posted by Rhotchkiss View Post
I believe that the quoted language about the consignor bidding on their own consignments is a poorly drafted way of saying the consigner can establish a reserve. I also think the real purpose of the rule is to clearly state that consignors owe a buyers premium on lots that do not meet the reserve they create.

The rule that Heritage and it’s employees can bid on their own lot is elsewhere. But it’s there.
It's #21 right in Pat's post.
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Old 12-17-2021, 08:34 PM
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Right, rule 21 regards heritage

Last edited by Rhotchkiss; 12-17-2021 at 08:36 PM.
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