Mastro Auctions: Looking for Former Employees

[timn1]

Sorry, this is well-intentioned BS. I can easily imagine that Mark found himself in an unpleasant dilemma when Mastro and Allen asked him to facilitate the shilling. But you have already acknowledged that he made the wrong decision. The rest is irrelevant to the main point people are making in this thread. If people here were arguing that Mark should be locked up for life, you would have a valid point. He did his time and should be allowed to pick up his life and move on - BUT NOT HANDED A PLUM JOB IN THE SAME INDUSTRY/HOBBY HE HELPED TO DEFRAUD.

IMO, that is the only point that matters. Let him be hired in any other field, and I am fine with that. But to quote Marsellus Wallace, to me he has "lost his BB card privileges."

[Jenx34]

Originally Posted by timn1

Sorry, this is well-intentioned BS. I can easily imagine that Mark found himself in an unpleasant dilemma when Mastro and Allen asked him to facilitate the shilling. But you have already acknowledged that he made the wrong decision. The rest is irrelevant to the main point people are making in this thread. If people here were arguing that Mark should be locked up for life, you would have a valid point. He did his time and should be allowed to pick up his life and move on - BUT NOT HANDED A PLUM JOB IN THE SAME INDUSTRY/HOBBY HE HELPED TO DEFRAUD.

IMO, that is the only point that matters. Let him be hired in any other field, and I am fine with that. But to quote Marsellus Wallace, to me he has "lost his BB card privileges."

I agree and you beat me to it. As I was reading the post, that's all I could think about. NONE of the rest matters at this point except the argument/discussion of whether he should be employed in the collectibles auction business. My opinion is no. That doesn't mean he can't work elsewhere.

[Mdmtx]

I am confused. The attached picture is from the Heritage terms and conditions, which every bidder has agreed to. Can someone explain the difference in this and the illegal shill bids of mastro? Is it merely the location? Or is there an inherent difference in the 2?

Mark Medlin

[egbeachley]

Start with bidding with the intent to win and having to pay for the item if you do win vs bidding with the knowledge you won’t end up winning but can raise the price.

[Stonepony]

Originally Posted by Mdmtx

I am confused. The attached picture is from the Heritage terms and conditions, which every bidder has agreed to. Can someone explain the difference in this and the illegal shill bids of mastro? Is it merely the location? Or is there an inherent difference in the 2?

Mark Medlin

In Texas, its legal for an auction house and its employees to bid on the items in their auction. Crazy but true. I've asked before.... if they win the item do they pay a 20% buyers premium... to themselves?

[Fred]

Holy crap.... this is for real. It's in the 12 page PDF (terms and conditions of auction) that is buried on the website. At first I thought it was some kind of joke. Perhaps a new thread needs to be opened on this topic.

I'm trying to figure out what a reasonable explanation could be but I can't.


21. The Auctioneer, its affiliates, or their employees consign items to be sold in the Auction, and may bid on those lots or any other lots. Auctioneer or affiliates expressly reserve the right to modify any such bids at any time prior to the hammer based upon data made known to the Auctioneer or its affiliates. The Auctioneer may extend advances, guarantees, or loans to certain consignors.

What does that mean? "Auctioneer or affiliates expressly reserve the right to modify any such bids at any time prior to the hammer based upon data made known to the Auctioneer or its affiliates.

[ajg]

I agree 1000% with Dewey's post.

[Orioles1954]

Originally Posted by ajg

I agree 1000% with Dewey's post.

I saw what you did there

[Stonepony]

Originally Posted by ajg

I agree 1000% with Dewey's post.

Originally Posted by Orioles1954

I saw what you did there

Haha, I guess he decided to just get to the point

[Leon]

Originally Posted by ajg

I agree 1000% with Dewey's post.

Then please put your full name next to your post per the rules, just as is under Dewey's id. Thanks.

[ValKehl]

Originally Posted by Fred

Holy crap.... this is for real. It's in the 12 page PDF (terms and conditions of auction) that is buried on the website. At first I thought it was some kind of joke. Perhaps a new thread needs to be opened on this topic.

I'm trying to figure out what a reasonable explanation could be but I can't.


21. The Auctioneer, its affiliates, or their employees consign items to be sold in the Auction, and may bid on those lots or any other lots. Auctioneer or affiliates expressly reserve the right to modify any such bids at any time prior to the hammer based upon data made known to the Auctioneer or its affiliates. The Auctioneer may extend advances, guarantees, or loans to certain consignors.

What does that mean? "Auctioneer or affiliates expressly reserve the right to modify any such bids at any time prior to the hammer based upon data made known to the Auctioneer or its affiliates.

Fred, you probably now realize why there are some collectors who won't bid in Heritage's auctions

[mantlefan]

Val is spot on. Those hinky rules have been on their site for years. Caveat Emptor!

AH is basically telling us that if an item is going for a bargain price, they will run it up. MT is their perfect hire. They already have an office ready for Doug Allen when he is released.