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#1
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Vintage Chris - sorry for the confusion, yes we agree and I was referring to the other chris.
Jaybird - summed it up PERFECTLY. In this case, maybe they took a shot and only made a little. The damage is in the lots that they place on the lots they DONT win. In those cases, they increased the bid price and therefore the buyers premium - making themselves more money. And you have NO idea - you think your in a bidding war with another bidder, but it could be the auction house. There is no way of ever knowing when HOC is putting bids in on an item unless its the last winning bidder and then you see the cards on ebay in their store. How often do they bid on an auction raising a price to what they feel is acceptable and you never know? A.ndy Ke.nned.y Last edited by mordecaibrown; 02-22-2012 at 01:42 PM. |
#2
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Thanks guys, I think we are in agreement that it can be quite shady and yes if they bump but don't win they WIN on the consigners fee + the BP. We will never know.
one tiny thing Jason - "if they can get a $1200 item for $1100" how would they get something at $1100 that you and I couldnt? Saving on the BP or consigners fee? If they are then that savings hurts H&Ss profit by $100, so no advantage. all around they should just stay out of it, go bid on everything else out there.
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T206 gallery |
#3
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The advantage is that they now have the item. Profit isn't realized until that item is sold. We'd have to track the item until it is finally sold to decide where the profit was won or lost. Last edited by Jaybird; 02-22-2012 at 02:34 PM. |
#4
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You don't need to be a professional ethicist to know that what H & S is doing with HOC is dishonest. Owning a few items at net bid cost with no real BP, no real commission and no shipping is a small price to pay for all of the added bid increments--i.e., added BP fees and commission fees, since both are % calculations--that SHILLING through HOC permits H & S to make. It is crooked as the day is long, in my humble opinion, and no amount of clever talk will get around it. I don't have a problem with an auctioneer selling its own stuff but an auctioneer should not be bidding on items in its own sale, period, regardless of whether done directly or through a related entity. The appearance of impropriety is too great.
I'm Ad@m W@rsh@w and I approve this message.
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Read my blog; it will make all your dreams come true. https://adamstevenwarshaw.substack.com/ Or not... Last edited by Exhibitman; 02-22-2012 at 03:56 PM. |
#5
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So look, we at Huggins and Scott have ALWAYS tried to do the “right thing.” Certainly none of our actions are meant to hurt, deceive, show any dishonesty or lack of integrity. While we could show you auction invoices with hammer prices and buyers premiums, along with matching cancelled checks, just to prove that EVERYONE pays the 17.5% buyers premium, it just doesn’t seem that it would really do any good at this point.
In light of your voices that have spoken loudly, we have have instituted the following policy effective immediately: No one who is currently employed with Huggins and Scott or House of Cards may bid on any items in any Huggins and Scott Auctions. I can assure you, none of this will happen again with our auctions. Bill Huggins President Huggins and Scott Auctions www.hugginsandscott.com 1-866-462-2273 auction@hugginsandscott.com |
#6
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Wow - Power to the Net54 People!!
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#7
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That's great Bill, I have always enjoyed bidding in your auctions and clearing this up means I will continue to do so.
Bob M@rquette |
#8
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Thanks Bill! I've been pleased with my H&S winnings in the past and will continue bidding w/them in the future.
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#9
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Bill Huggins is a long time good friend which I stated to start this post. I have known Bill and John for almost 40 years now.
I had to think long and hard before starting this thread but I was really upset to see the items I was bidding on surface on ebay 2 weeks later. I think we have all gotten through to a long time hobby veteran who heard our cries and answered the call. I have full confidence and absolutely no doubt that this new policy will be enforced at H&S and HOC. This excellent change couldn't have happened without the many voices here on NET54! And even though many of us do not spend billions of dollars on baseball cards each year, we are all still customers and Bill really came up to the plate for us! I encourage anyone who may have pulled their names from the bidder list to get added back on as I will personally back the validity of this new policy. A very special thanks to: Bill Huggins, John Scott, Josh Wulkan, James Feagans who contributed here. And of course a very special thanks to the NET54 family and Leon for making a difference in OUR hobby. Sincerely, Dan Mckee Last edited by danmckee; 02-23-2012 at 01:10 PM. Reason: can't spell! I proof read worse than I spell!!! |
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