Auction House Conflict of Interest

[Archive]

Posted By: Peter Thomas

I hope this a question for my heirs, but you never know. My T204 set is a higher grade set than the sets that I was discussing, but the issue is still there. I think that what you outline could happen, but I think there is just about as good a chance that it would help competition. I think that because the set is quite high grade and includes a Johnson 8, that it would attract bidders with deep pockets and by grouping the existing set collectors you might make them competitive with hopefully at least 2 deep pocketed bidders and that would leave me smiling on the beach.

I think that your auction format with mostly single cards lots, with a few small card lots is about as open and competitive as possible. If you really want to talk about collusion, look at DOD private contractor overseas bidding, but don't get me going, lets stick to cards.