Heritage Auctions - Boston Garters

[Centauri]

Originally Posted by calvindog

I don’t have a clue who Powell is. I’m just pissed at Heritage’s incompetence and failure to acknowledge its obvious mistake.

But there was never a mistake. The auction proceeded exactly as described beforehand. And there was no part of the auction that went other than described beforehand.

[Leon]

Originally Posted by Centauri

But there was never a mistake. The auction proceeded exactly as described beforehand. And there was no part of the auction that went other than described beforehand.

If you are going to argue, even when wrong, you still need your full name out here, per the rule near the top of every page. Thanks
.

[calvindog]

Originally Posted by leon

if you are going to argue, even when wrong, you still need your full name out here, per the rule near the top of every page. Thanks
.

lol

[HercDriver]

I don't see any good solution to this, but if I were me, I'd make a public apology to all involved, saying I screwed up. Then I would run it again, but I would give half the buyer's premium to the winner's charity of choice, something like that. As it is now, there will be no "closure" as to what would have been. Just run it again, and let the process play itself out correctly. Just my two cents...

[mordecaibrown]

Why would Powell bid on every lot??? The entire point of having the cards offered as a set is so a bidder, who wanted the entire set of cards, didn’t have to do that exact thing!!!! Otherwise, the cards would’ve never been offered as a set! Furthermore, it was designed to maximize the consignor profit.

How this unfolded was not the design or intention of the auction. The manner this was conducted made the set bidding pointless because Powell could not make competing bids and did not maximize profit for the consignor.

Also, just my opinion, I think the cards sold for about the max they would have, give or take. Powell may have been willing to go much higher, I have no idea, but considering he had no other competition in the set auction and, at the time the set lot closed it was slightly ahead of the aggregate and then only a few more bids were placed to push the individual lots over the set lot, it doesn’t seem like there was a lot of runway left in this situation. And, if you assume an auction house’s number one priority is the consignor (and it’s own bottom line) then if an auction house thought there was a lot of room for increased profit on restarting an auction - it would! Risk/reward….

Lastly, I always see, stuff trumps all. Which, often is the case for many people situations - to each their own. However, I’ll say this, if you don’t like how any auction house treats people or situations, don’t consign material to them. Without selling YOUR stuff, an auction house has nothing to sell. And there are many different auction houses at different levels specializing in different material - options are plentiful.

Andr.ew Ken.edy

[Snowman]

Originally Posted by mordecaibrown

Why would Powell bid on every lot???

Because given the auction format, as stated in the listings, bidding on every lot was the only way one could ensure a victory. Had I been in his shoes, those cards would be getting shipped to me, instead of getting shipped to someone else. It would have cost more, but I wouldn't have lost.

[jayshum]

Originally Posted by Snowman

Because given the auction format, as stated in the listings, bidding on every lot was the only way one could ensure a victory. Had I been in his shoes, those cards would be getting shipped to me, instead of getting shipped to someone else. It would have cost more, but I wouldn't have lost.

Having to bid on every individual lot defeats the purpose of having the full set listed as well. With only 12 cards it's doable but shouldn't be necessary. Apparently other AHs have had the same type of auction format with a T206 set and a 1952 Topps set. I don't think the expectation would have been the need to bid on every individual card if your goal was to win the whole set.

[Peter_Spaeth]

Originally Posted by jayshum

Having to bid on every individual lot defeats the purpose of having the full set listed as well. With only 12 cards it's doable but shouldn't be necessary. Apparently other AHs have had the same type of auction format with a T206 set and a 1952 Topps set. I don't think the expectation would have been the need to bid on every individual card if your goal was to win the whole set.

It's worse than that, you'd be bidding against yourself. Every bid you make on an individual lot drives up the aggregate price, requiring a higher set price to beat it. It makes zero sense.