Live From Sothebys

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Posted By: Dave G

.....that no one has suggested contacting their senator or whoever in NY State and get them to inquire as to the actual rules for auctions in NY and if this "book bid" is legal, and then advocated that they try and change it and make the auction a real auction. Unfortunately Sotherbys, Christies etc will bring big lobbying bucks to bear and ensure that it would be voted down. We are talking millions of dollars here as well as publicity - the high end collectibles market is about bragging rights, not real rarity, and I'm sure that nothing will be done about the problem, as these auction houses are BIG BUSINESS for the Big Apple - just like Detroit will never really increase the fuel efficiency of their cars as they say there is no profit in selling small fuel efficient cars - despite what the Japanese accomplish.