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Posted By: Jeff Lichtman

Tim, yes it does come down to trusting the auction house. Problem is, when so many of the auction houses engage in shill bidding and other fraud a bidder would like as much information as he can get regarding the auction house's possible motivation to commit fraud. And before everyone jumps in and tells me that I shouldn't bid in any house's auction that I am not comfortable with, well, I'd have a very boring year and a tiny collection if that were the case.