Goldin income verification

[Peter_Spaeth]

Originally Posted by Casey2296

Refer to post #3 in this thread.
Of course I take it personally, that's why they call it personal integrity. I'm just a small time collector, I think the most I ever spent in one auction is 30k and that's far and above my usual. REA never asked for my ability to pay, nor does Heritage, LOTG, or any of the other pre war auction houses. I don't care to be vetted by Goldin because a bunch of modern collectors scammed them. I'll pass.

I don't understand taking it personally. It's just a different business model, there is nothing personal about it. Do you take it personally if you apply for a loan or mortgage or credit card and they ask for financial information or credit scores? Or are baseball cards supposed to be some different thing because it's just among friends?

[pawpawdiv9]

It’s not that hard
I did it over a year ago
There’s a old thread about the premiere auction
I questioned it myself
But gave limited info
I explained my experience
Now this was Pwcc which is now Fanatics
I also bid in Goldin and not had a issue
Not had this problem come up

[Snapolit1]

Maybe I will ask the people who run AHs to send me their financial statements before I bid.

[Snowman]

Originally Posted by pawpawdiv9

It’s not that hard
I did it over a year ago
There’s a old thread about the premiere auction
I questioned it myself
But gave limited info
I explained my experience
Now this was Pwcc which is now Fanatics
I also bid in Goldin and not had a issue
Not had this problem come up

I believe you may have made a mistake somewhere in your haiku

[brianp-beme]

I don't participate in snark exchanges. I am, however, guilty of the occasional snark and run.


Brian (stay out of murky waters if you want to avoid a snark attack)

[Snapolit1]

Originally Posted by Peter_Spaeth

I don't understand taking it personally. It's just a different business model, there is nothing personal about it. Do you take it personally if you apply for a loan or mortgage or credit card and they ask for financial information or credit scores? Or are baseball cards supposed to be some different thing because it's just among friends?

Maybe you look at someone’s track record dealing with you before you ask them to provide their bank statements to you to review. Would that make more sense? If I bought 15-20 cars from the same place, and gave them business in the past, yeah I would prob be upset if I walked in and they acted like they had no idea who I was.

[OhioLawyerF5]

Originally Posted by Snapolit1

Maybe you look at someone’s track record dealing with you before you ask them to provide their bank statements to you to review. Would that make more sense? If I bought 15-20 cars from the same place, and gave them business in the past, yeah I would prob be upset if I walked in and they acted like they had no idea who I was.

A car dealership is still verifying your creditworthiness, even if you've bought 15 cars in the past. Am I living in a bizarro world in this thread? I can't believe how sensitive people are.

If you don't like it, take your business elsewhere, but we need to stop pretending it's an unreasonable business practice.

[parkplace33]

I get it, but most collectors would walk through fire to bid on a card they want.

[Snapolit1]

Originally Posted by OhioLawyerF5

A car dealership is still verifying your creditworthiness, even if you've bought 15 cars in the past. Am I living in a bizarro world in this thread? I can't believe how sensitive people are.

If you don't like it, take your business elsewhere, but we need to stop pretending it's an unreasonable business practice.

I think it’s unreasonable and plan to.

I have an aversion showing strangers my 401k statement. Would Ken send his to me you think? For an $11,000 credit line?

[calvindog]

I thought the default credit limit is 10K? Other than Doug who is stuck at $10. ))))

[Snapolit1]

Yes it’s 10k, I tried to bid a few ticks above that and was not able to.

I feel the same way about income verification as I do about workplace drug testing …. If you have no basis to suspect it’s a problem….. fuck off.

Realize we have zero privacy left in this country at this point but I will make believe we still do.

[Snapolit1]

And if you want to run a credit check on me, knock yourself out. That’s your issue, not mine.

My equifax statement doesn’t list my assets. It lists my credit history.

[OhioLawyerF5]

Originally Posted by Snapolit1

Yes it’s 10k, I tried to bid a few ticks above that and was not able to.

I feel the same way about income verification as I do about workplace drug testing …. If you have no basis to suspect it’s a problem….. fuck off.

Realize we have zero privacy left in this country at this point but I will make believe we still do.

It has nothing to do with having privacy. You can have all the privacy you want. But you can't expect anything from someone else and not have to give some of it up. THAT is unreasonable. You don't want to take a drug test? Not a problem. But a company also has the right not to employ you. They will survive without you. You don't want to verify income to bid with a particular auction house? Great, take your business elsewhere.

The problem isn't our losing our privacy, it's everyone's sense of entitlement thinking they get to make the rules in how others do business.

Verifying income for an auction house is one of the most reasonable things I can think of for them to remove one of the biggest problems an auction house faces. The fact that it literally offends people tells me all I need to know about how entitled our society has become. We no longer just take our business elsewhere, we think we should tell people what is reasonable for their business to do, as if they hired you for your opinion.

[Peter_Spaeth]

Originally Posted by Snapolit1

Yes it’s 10k, I tried to bid a few ticks above that and was not able to.

I feel the same way about income verification as I do about workplace drug testing …. If you have no basis to suspect it’s a problem….. fuck off.

Realize we have zero privacy left in this country at this point but I will make believe we still do.

Should a mortgage lender inquire as to income and assets or is that insulting too?

[rats60]

Originally Posted by OhioLawyerF5

A car dealership is still verifying your creditworthiness, even if you've bought 15 cars in the past. Am I living in a bizarro world in this thread? I can't believe how sensitive people are.

If you don't like it, take your business elsewhere, but we need to stop pretending it's an unreasonable business practice.

I have never had to provide bank statements to buy a car or get a credit card. They pull your credit report to see that you pay on time. My local bank even gave me a home mortgage without needing income verification. I had been with them for several years and they didn't sell their mortgages.

Every auction house I have registered for has requested hobby references, similar to running a credit report. I have never been given a credit limit. I have spent over 10k with most of them. I have spent over 100k with one. If you have a history of paying for what you win, shouldn't that be enough?

[OhioLawyerF5]

Originally Posted by rats60

I have never had to provide bank statements to buy a car or get a credit card. They pull your credit report to see that you pay on time. My local bank even gave me a home mortgage without needing income verification. I had been with them for several years and they didn't sell their mortgages.



Every auction house I have registered for has requested hobby references, similar to running a credit report. I have never been given a credit limit. I have spent over 10k with most of them. I have spent over 100k with one. If you have a history of paying for what you win, shouldn't that be enough?

I don't own an auction house, and don't have to justify it to you. Why don't you ask Sotheby's or Christie's why they do it.

Again, I'm not judging whether it's appropriate or necessary for them to do it. You and others have repeatedly missed my point. I am not an auction house and don't sit in their board room with their financials and lawyers discussing the merits of the decision to request income verification. They may or may not have good reason for it. That's irrelevant. My point is, and always has been, even if you disagree with it, or don't want to do it, it is NOT a personal attack, and taking it as a personal insult is objectivity unreasonable.