Posted By:
Tim NewcombSounds like Scott got it here:
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I did get an email from a board member who said the seller takes consignments and is on the up and up. He thinks the bids are from the consignors who are bidding up their own lots, that sounds very possible and would explain whats going on.
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It's got to be consignors bidding on their own stuff-- no one is paying like that for Exhibits-- even the ones from this seller that are graded 3 and 4 are ridiculously high! And not a single one with a met reserve????
Maybe the seller is on the up and up, but if I were a dealer taking consignments, I would say NO WAY to a consignor who required ridiculous reserves and then bid up his own stuff. It's the dealer who will lose out in terms of reputation. I for one would think long and hard before dealing with him after all this.