First off, I'm a bit dumbfounded about this. For obvious reasons common sense dictates that you shouldn't bid on/up items in your own auction. That's not to say I believe the guys at H&S / HOC are dishonest.
Quote:
Originally Posted by MikeU
What auction houses do absolutely none of the following?:
1. Sell their own items.
2. Have hidden reserves.
3. Mechanisms/ways to get to hidden reserve.
4. Bid on items in their own auctions.
5. Let employees bid on items.
6. Let employees sell their own items.
7. Let employees bid on their own or colleagues items.
8. "Prepare" cards for grading.
|
Mike,
I don't have an issue with an auction house:
1. Selling their own items
6. Let employees sell their own items
8. Prepare cards for grading (assuming they are not altering them).
I do think its unethical for an auction house to:
3. Mechanisms/ways to get to hidden reserve.
4. Bid on items in their own auctions.
7. Let employees bid on their own items
I think it's poor business practice to:
5. Let employees bid on items.
7. Let employees bid on their colleagues items.
One of the most recent auctions I bid in had a pretty neat item. I bid on it the last day and expected it to get jacked up in price (which I would have been happy to pay). My bid was never increased. I'm comfortable with that auction house because of that.