Heritage auctions strikes again
 

I'd love to see their explanation how the high bid on certain items has gone down on auction day

Hi

I have not seen it. just curios which items?

also what are HA rules if any for retracting a bid

Larry:

If you are referencing the Mantle Dice card I believe a few days ago the reserve was listed since the bids did not get to that level. Then after it sat for a day or so they lowered the reserve to try to entice bidders.

Come on! Did deep into your pockets! :)

That could blow the whole conspiracy theory.
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What Am I Missing?
 

Why wasn't the reserve made clear from the get go? Thanks.

so they bid on it themselves?
and retracted their own bid?
reserve still not met?
doesnt say what reserve is
not to mention the fact...card was a psa 1...allegedly purchased by "sgc"
cracked out of the psa holder...put in an sgc 1.5...put on display at the national to advertise themselves
and in order to resell "sgc" cracked it out of their own holder and put it back in a psa holder...last year and sold it for 310k + bp
WOW

maybe Leon can bid on behalf of the forum and then can sell fractional shares of it

Larry has already been there and did that

Larry and Mark:

Heritage did say from the beginning on the Mantle Dice card listing as well as others that the reserve would post on a certain date. I forget the exact date but it was in the last few days. That's when it jumped to $300K. Then after a day or two I assume the consignor agreed to lower the reserve to $280K to try to drum up some interest.

There is an * after the $280K and underneath it says reserve not met. If you go to the bottom of the page you will see where it says * = *Reserve Not Met. A reserve has been posted on this lot, but no bids have met the reserve. The next bid will meet the reserve.

Remember going by Heritage's rules everyone agrees to in order to bid, they can do anything they want including bidding on their own items!!

So stupid
 

Lowered to 300...reserve
So there's a fake 280 bid in there
Why not just start it at 300..if thats what consignor wants and avoid all the bs

Agreed on starting it at the reserve but the AH's want to create demand by starting low and getting guys to bid.

I don't believe there was a bid higher than $300K before the reserve was posted or it would not have been posted, so don't understand when you say the bid was lowered to $300K.

I believe as I said, the reserve is $300K as indicated by them saying the next bid will meet the reserve.So when they first posted the reserve it was $300K. Then the reserve was lowered to $280K Don't think there is a fake $280K bid, just a lowered reserve

Reserve is 300
280... reserve is not met
If someone bids 300 now reserve will be met

Maybe Heritage can bid on and pay for the card??? The consignor will be happy!

[QUOTE=sflayank;2244653]so they bid on it themselves?
and retracted their own bid?
reserve still not met?
doesnt say what reserve is
not to mention the fact...card was a psa 1...allegedly purchased by "sgc"
cracked out of the psa holder...put in an sgc 1.5...put on display at the national to advertise themselves
and in order to resell "sgc" cracked it out of their own holder and put it back in a psa holder...
WOW[/QUOTE]

That is funny. It is amazing how many cards have been in several different slabs.

I had a Joe DiMaggio that was in 3 PSA and 2 SGC slabs that I know of. Oldest I could find was a PSA slab with the dreaded MC qualifier. Buyer got it cheap and cracked and sebmitted to SGC. Sold in SGC slab to a flipper who cracked and sent to PSA. It got the dreaded MC again and he lost serious cash. I bought it in the PSA slab and cracked it and sent it to SGC and made some good cash off it. I know that buyer told me he was going to crack and send to PSA. LOL

Oh the games people play, now
Every night and every day, now

--Joe South

Just curious - why is this card so expensive? I get that it’s rare and it’s Mick, and maybe that’s the end of the analysis.

To make up a Yogi ism, it's expensive because people will pay a lot for it.

If this is true maybe THIS is why we have not heard from lead cheerleader Peter, at SGC, as to their status for the National. Maybe waiting to see if their card sells so they can cover the set up costs?

[QUOTE=bnorth;2244686]This kind of nonsense makes me glad I collected cards in the pre-slab era. This, and many other self-serving factors. Sheesh!

correction
sgc bought the card for 144k in 2018...then switched holders back and forth and sold it for 372k last year in heritage
the new owner...trying to get his money back

How do you know SGC bought the card? Also, are you saying the entity SGC bought it, or someone at SGC, or something else entirely?

Let's see...a private collector spends 144k on the rarest card and out of the goodness of his heart
Gives it to sgc and has them reholder it in an sgc holder, so they can display and claim it as their own, to the world in their new holder, and after crack it back out, pay their competitor to reholder it, and then give it back to the real owner.....hmmmm

So, to cut through the hyperbole, you have no facts and are just speculating. If that's the case state it as such.

No speculation
Fact 100% certainty

I think Heritage usually indicates on their listings that a reserve, if any, will be posted 3 days before the end of the listing.

100% they do

well it got more than the reserve so either the strategy worked or someone was just waiting till late in the auction to bid trying to keep their cost down.

Regardless amazing card and I hope Leon got the card

I couldn't afford the first 3 digits of the price. Congrats to all involved in the sale...
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Can’t Heritage Bid on their own Items? I think that’s part of their rules.

Yes..they can bid, retract bids, cancel bids change the reserve do whatever they want anytime they want right upto closing...and even after...im waiting for them to charge a fee to bid....thats next..wait and see

It wouldn't surprise me. Again nobody has to bid with them, it’s a choice. For those who think their rules aren’t exactly fair It may be best for them not to participate in their auctions.