Interesting comment on Net54 types

[Runscott]

Originally Posted by ctownboy

This, to me, speaks volumes of how messed up the world is today (as far as the internet and cell phones go). The guy seems fine with trusting a bid made over the internet or by phone yet stays around at local auctions to make sure nothing funny goes on.

David

The guy actually knew nothing about internet auctions, so had no opinion. If it speaks volumes, it is that there are some people out there who ONLY trust live in-person auctions. But he doesn't trust them completely Also, he said that he sometimes has someone else keep an eye on auctions where he has ceiling bids placed - he doesn't generally attend live auctions himself - and that he is certain that most of the live auctions he deals with are completely honest.

I am personally glad that there are people who spend a lot of time keeping the auction houses honest - if it weren't for such people, the fraud would be even more rampant.