Starting an Auctionhouse and looking for Opinions

PrescottSportsCards · #1 09-19-2009, 04:22 PM

Quote:

Originally Posted by drc

Background checks on consignors and bidders as well.

I think I can see the value in being able to keep tabs on bidders in regards to making sure that they will abide by the rules, but, consignors I'm a bit lost on unless its to make sure they're not involved, or have been involved in fraudulent activity?

barrysloate · #2 09-19-2009, 04:26 PM

You want to try and make sure consignors have good title to their lots. You don't want them to give you stolen material to sell for them. I'm not sure legally how this is best done, but it's something to consider.

drc · #3 09-19-2009, 05:15 PM

Note that my background check comment was a joke.

Rich Klein · #4 09-19-2009, 06:09 PM

The likelihood is that there is not a problem.

Regards
Rich

PrescottSportsCards · #5 09-19-2009, 06:19 PM

Quote:

Originally Posted by drc

Note that my background check comment was a joke.

I seriously thought it could be descent given as I understand to be the background of some people in the auction arena already.

drc · #6 09-19-2009, 07:42 PM

It's true that there are some folks who submit cards to auction houses and graders who are more devious than any auctioneer. It's also true all shilling comes from from bidders.

Matt · #7 09-20-2009, 09:57 PM

Quote:

Originally Posted by drc

It's also true all shilling comes from from bidders.

Do you mean that is the definition of shilling? Because there are houses that openly acknowledge placing bids on behalf of consignors...

barrysloate · #8 09-21-2009, 08:10 AM

Joe- I would sue for millions...

jbsports33 · #9 09-20-2009, 05:59 PM

I would just try to approach the process slow and ask lots of questions, I have been working to try and develop a site as well and still have a long way to go.

Good luck

Jimmy

bijoem · #10 09-20-2009, 07:43 PM

I would name the auction house..... 'Sloate Auctions'.