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  #1  
Old 10-01-2023, 09:41 AM
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calvindog calvindog is offline
Jeffrey Lichtman
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Aaron, the problem is as noted above. He couldn’t raise his bid on the full set lot with a ceiling bid and have it register unless someone else bid after him (but below the ceiling he had set).
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  #2  
Old 10-01-2023, 09:49 AM
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Rhotchkiss Rhotchkiss is offline
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Quote:
Originally Posted by calvindog View Post
Aaron, the problem is as noted above. He couldn’t raise his bid on the full set lot with a ceiling bid and have it register unless someone else bid after him (but below the ceiling he had set).
+1.

Aaron, it’s a real shitty situation all around. But the fact that the full set closed and could not increase /add another bid, when the other lots were open and the set only wins if it’s price exceeds the aggregate, to me, is determinative.

Of course, all the lots should have stayed open until no garters lot got a bid for 30 minutes, bc Aaron could have easily been in Powell’s boat had his lot closed and he could not bid but the whole set stayed open

Last edited by Rhotchkiss; 10-01-2023 at 09:51 AM.
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  #3  
Old 10-01-2023, 10:05 AM
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Jeffrey Lichtman
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That’s it in a nutshell. Powell was prevented from competing while the individual lots were still open.
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  #4  
Old 10-01-2023, 10:06 AM
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Aaron Seefeldt Aaron Seefeldt is offline
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At least we all agree that the format was a mess to begin with.

But let’s not forget it has now advanced to the point that the individual lots have been invoiced. Also, none of HA’s rules were broken or changed… so far.

I expect they will stand by their rules as any seller with integrity would. I also sincerely hope this is a learning lesson for all auction houses/sellers in the future.
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  #5  
Old 10-01-2023, 04:59 PM
toothcutter toothcutter is offline
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Default Gehrig steal

I felt like something like this would happen so i focused and picked up the Gehrig rookie. Cant believe the price i got this at.
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  #6  
Old 10-01-2023, 05:54 PM
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Jeffrey Kuhr
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Quote:
Originally Posted by toothcutter View Post
I felt like something like this would happen so i focused and picked up the Gehrig rookie. Cant believe the price i got this at.
That qualifies as a steal to me.

Congrats on a monster pickup
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  #7  
Old 10-01-2023, 06:17 PM
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Powell

I agree after reading all the posts that you should be the winner and the individual bidders sadly lost out.
I would be clueless how to make it right and it is ugly to all parties. It is amazing any auction house that does an auction this way would not have a set policy and software infrastructure to handle this.
Heritage is a top notch auction and it will be interesting to see how this plays out.
People talk compensation but how do you compensate for losing out on a extremely rare item and the people that lose out thinking they were winning their item potentially did not bid on other items they passed on to get the Boston Store.
So I do not know what compensation/amount makes up for not getting you rare card

I hope for all it works out as best as possible. But sadly I do not think it will or know how it will
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Looking for
1920 Heading Home Ruth Cards
1920s Advertising Card Babe Ruth/Carl Mays All Stars Throwing Pose
1917-20 Felix Mendelssohn Babe Ruth
1921 Frederick Foto Ruth
Rare early Ruth Cards and Postcards
Rare early Joe Jackson Cards and Postcards
1910 Old Mills Joe Jackson
1914 Boston Garter Joe Jackson
1911 Pinkerton Joe Jackson

Last edited by mrreality68; 10-01-2023 at 06:17 PM.
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  #8  
Old 10-01-2023, 06:50 PM
dariushou dariushou is offline
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If I were Powell, I'd be livid. In my own personal opinion, he should be the winner and Heritage needs to make it right with the cosigner and the individual bidders....whatever that means. Heritage has over $1Bn in revenues and this is just unacceptable. I don’t want to throw around negligence, but damn, it’s bonkers that a company of their magnitude and presence could make such a disastrous mistake. There’s a good reason they aren’t public… The mistake should never have happened...period. Again, I’d be livid.

With that said, Heritage, of course has crafted their T&C with some outs. The easiest out is the idiotic clause about any disagreement can be settled by Heritage and redoing the auction – someone quoted it earlier…I can’t find it.

Quote:
Originally Posted by Aaron Seefeldt View Post

“ Please note that this auction will list each card as an individual lot along with another listing for the complete set. If the aggregate winning bids of the twelve individual lots exceeds the high bid on the complete set, the cards will be sold to each individual winner. If the price of the set exceeds the sum of the twelve individual cards, the victory will be awarded to the high bidder for the complete set.”
The above quote, which I presume is from the actual auction, has holes all in it and after reading it a few times I’m kind of at odds to what it exactly says. What is a winning bid? Well, if you read through the rest of the terms, I’m led to believe it means you were the winner of the auction. So, does that mean you take the winners of the set (won the auction—1 winner) and compare it to the winner of the individual lots (12 winners) – So you could have 13 people who think they won the auction when they went to bed and only after someone from heritage wakes up the next day and does the comparison declares the winner? I’ve read a bunch of convoluted docs in my time, but I really don’t know with much certainty what exactly that paragraph says to be honest. If my statement above is correct (comparing the winners after the fact), then I would say no one bidding on that auction thought it worked that way and it shouldn’t. We all know how it should work…why Heritage screwed the pooch so bad is just bizarro world. Seriously. No excuses are acceptable to anyone who participated in those auctions or anyone who uses Heritage or thinking of using them.

In the end, I hope they do the right thing and everyone is made hole in some way. I stated my view which is Powell deserves the win here. just sucks how it was done.

-Darius
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Last edited by dariushou; 10-01-2023 at 07:12 PM. Reason: clean ups...bad grammar :)
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  #9  
Old 10-01-2023, 10:08 AM
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insidethewrapper insidethewrapper is offline
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In the Auction Catalog under "Conducting the Auction # 14 it states " In the event of any dispute between any bidders at an Auction, Auctioneer may at his sole discretion reoffer the lot. Auctioneer's decision and declaration of the winning Bidder shall be final and binding upon all bidders "

So Heritage can reoffer the lots if they want or declare the winners as final.
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  #10  
Old 10-01-2023, 10:13 AM
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Sean Costello
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Quote:
Originally Posted by insidethewrapper View Post
In the Auction Catalog under "Conducting the Auction # 14 it states " In the event of any dispute between any bidders at an Auction, Auctioneer may at his sole discretion reoffer the lot. Auctioneer's decision and declaration of the winning Bidder shall be final and binding upon all bidders "

So Heritage can reoffer the lots if they want or declare the winners as final.
They already declared Powell the winner, then retracted that decision. I'm sure that authority is not addressed in their rules.

Last edited by Sean; 10-01-2023 at 10:13 AM.
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  #11  
Old 10-01-2023, 10:18 AM
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insidethewrapper insidethewrapper is offline
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That's the problem, the software stated he " won " when he really "lost".
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