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Clean Sweep's Stance on Larger Hobby Issues
Posted By: Steve
Hi All, |
#2
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Clean Sweep's Stance on Larger Hobby Issues
Posted By: barrysloate
Steve- you make excellent points and you agree with me that the very reasonable grading fees may force the graders to work too quickly; thus, they are more prone to error. And while your company is significantly larger than mine, we are both in the same predicament that we purchase inventory and need an outlet to sell it. I know many people do not like this practice and I understand it, but having your own material in your auction does not automatically mean unethical shilling is going on. If a bidder trusts the auction house, then this shouldn't be an issue. If he doesn't trust the auction house, then he shouldn't bid, period. Thanks for coming on and participating in this discussion. I know I will get lambasted for my statement about owning lots but maybe the only right thing to do is list those lots in the catalog so that bidders can decide on their own whether or not they have a problem. |
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Clean Sweep's Stance on Larger Hobby Issues
Posted By: JimCrandell
Steve, |
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Clean Sweep's Stance on Larger Hobby Issues
Posted By: Joe D.
I could definitely see the potential conflicts of interest if the auction house owns an item in the auction. |
#5
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Clean Sweep's Stance on Larger Hobby Issues
Posted By: Peter_Spaeth
There is only a conflict of interest if one assumes the dealer in question is unethical. And an unethical dealer has incentive to let bad things happen to consigned lots too. Other conflicts of interest are more inherent, such as an authenticator selling his own items without disclosing his ownership. To me this is really a non issue. If you don't trust the auctioneer, you shouldn't be bidding period. |
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Clean Sweep's Stance on Larger Hobby Issues
Posted By: Larry
Steve- |
#7
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Clean Sweep's Stance on Larger Hobby Issues
Posted By: barrysloate
Joe- I think the conflict of interest in a grading service selling cards would be significantly worse. First, they aren't even in the business of selling cards. Second, the worst thing an auctioneer could do is bump somebody's bid 10%. A grading service could trim and alter cards and then put them in their own holders. This is something that was actually done by one of the very first people who professionally graded cards; he trimmed them and then he holdered them as NR MT. This miscreant is long out of the hobby and I think today he is selling vacuum cleaners door to door, or something of that ilk. |
#8
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Clean Sweep's Stance on Larger Hobby Issues
Posted By: Joe D.
I agree with what you said. |
#9
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Clean Sweep's Stance on Larger Hobby Issues
Posted By: John S
I have no issues with a dealer owning material that is being auctioned. It is the bidder's responsibility to research both material and auction house. If a potential bidder is concerned that a lot is owned by the auction house, ask before you bid. Employing sound bidding strategies is the most effective methodology to avoid the effects of shill bidding. |
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Clean Sweep's Stance on Larger Hobby Issues
Posted By: leon
Thanks Steve for coming on and giving your companies views. I don't have a problem with auction houses auctioning their own stuff but I think having an asterisk next to personally owned ones would be a good idea. If I am not mistaking Lew did that for some of his auctions. I was fortunate to snag several with asterisks . It goes along the lines of full disclosure, imo. I always thought/think that if an authenticator authenticates something and also owns it, it should be mentioned up front...I don't believe that's the case though and maybe it's changed, or hopefully, I'm wrong.... best regards |
#11
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Clean Sweep's Stance on Larger Hobby Issues
Posted By: Joe D.
I think disclosure of this type of ownership would combat any potential finger pointing. |
#12
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Clean Sweep's Stance on Larger Hobby Issues
Posted By: barrysloate
I think Leon, Larry, and others are making fair points and I have decided to list the lots I own in any future auctions I conduct. If that adds to bidder's peace of mind, then it's a good thing. |
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Clean Sweep's Stance on Larger Hobby Issues
Posted By: Jay
I agree with Leon. I don't buy the "either you trust me or you don't arguement". Place a star next to owned lots and eliminate the issue. |
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Clean Sweep's Stance on Larger Hobby Issues
Posted By: Joe D.
as always you are a stand up guy and a credit to the hobby. |
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Clean Sweep's Stance on Larger Hobby Issues
Posted By: Dan Koteles
who is doing that Barry ? I know you are stating that this is the 2Nd(in your opinion)worst thing to be done. This is opening a can of worms that can mislead others into believing that you are certain that this practice is being done AND you and other auction houses are w/o faults at all. This can be a gain on your part to get more to participate in your auctions with the publicity that these situations are bringing forth. |
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Clean Sweep's Stance on Larger Hobby Issues
Posted By: barrysloate
Dan- I'm not sure I understand what you mean. I said in my previous post I will in all future auctions list the lots that I own. If people want to bid differently on those lots, that's a chance I am willing to take. Edited to say I see you were referring to my original post. I was just explaining the worst case scenario with regard to Joe D.s point, and grading services selling cards would be a much greater conflict of interest. Obviously, the only fear bidders would have bidding on the auctioneer's lots was that he might bump them for his own gain. |
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Clean Sweep's Stance on Larger Hobby Issues
Posted By: warshawlaw
First, a disclosure: I've participated in Steve's auctions many times, won some lots and never had a complaint. The items are well described, delivered timely and have often been purchased for less than my max bid. In other words, I trust his auctions and have absolutely no axe to grind here. |
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Clean Sweep's Stance on Larger Hobby Issues
Posted By: barrysloate
Adam- that is a fair point although it would create some billing inconsistencies for those who might win multiple lots. I suppose bidders might even go an increment higher if they weren't charged the 15% fee. I have no trouble myself identifying lots I own, but would probably calculate all lots the same and leave the buyer's premium as is. But your idea is worth consideration. |
#19
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Clean Sweep's Stance on Larger Hobby Issues
Posted By: Dan Koteles
the self owned lots arent really a big deal, because a well groomed buyer would know when they are paying too much for a card and would stop bidding regardless of who owns the card. |
#20
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Clean Sweep's Stance on Larger Hobby Issues
Posted By: barrysloate
Dan- those are good points and in the end one should bid only if they have faith in the process. If you think the auction house isn't kosher take their catalog and toss it in the trash. There is no way to prove anything. I bid in auctions too and I choose the ones I feel most comfortable with. I ignore the others. |
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Clean Sweep's Stance on Larger Hobby Issues
Posted By: Larry
Adam- |
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Clean Sweep's Stance on Larger Hobby Issues
Posted By: TONY
I recall that Greg Bussineau sold the card for the owner who at the time was Bill Mastro |
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Clean Sweep's Stance on Larger Hobby Issues
Posted By: Darren
Thank you Steve for this post. |
#24
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Clean Sweep's Stance on Larger Hobby Issues
Posted By: Bob
Ever since Steve started describing the backs of cards and occasionally posting back scans, a few years back, I have been 100% satisfied with our transactions. The more deatiled the descriptions, the less chance of buyer's remorse and increased sales and customer satisfaction. |
#25
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Clean Sweep's Stance on Larger Hobby Issues
Posted By: Jason L
Steve, |
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