Quote:
Originally Posted by bobbyw8469
That is the most CRAZIEST thing I have ever heard of!!! That is like me buying some local property, BUT I only want it if the proposed plans to build a shopping mall come true for it. If the plans are scrapped, I fully expect to get my money back, PLUS a 10% penalty for my troubles!
-Robert Williams
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Doesn't seem that crazy to me if a question of authenticity arises.
The auction house is on the hook for the entire amount if the pack comes back in-authentic. They have already paid the consignor. Now they have to refund for the full price of the pack.
That would be a pretty big loss for an auction house to take.
I don't know about this particular pack or the accuracy of GAI, but I'm not sure why a consignor should profit on an in-authentic item while the auction house basically takes a loss for nearly twice the value of the final bid.
It's a business decision, not a real estate lottery.