Altered high grade E93s in Mile High?

[ejharrington]

The cards were not removed from the auction.

[calvindog]

Originally Posted by ejharrington

The cards were not removed from the auction.

The Wagner sold for 165K less than it did a few years ago.

[autograf]

Here's one of the Uzits...........

http://milehighcardco.com/1909_11_T2...-LOT38866.aspx

Doesn't look like tape removal. Looks like it was in a scrapbook with the little corner holders to me. Not sure how that warrants a 7 with the discoloration since PSA is so consistent on doling out grades, but not as egregious as the others............

[calvindog]

Tom, that's exactly what it is. Just discoloration from being in a scrapbook under hinges. SGC would have given that card a 30.

[autograf]

I could see a '5' maybe. Anyone paying $11K for a common Uzit knows what they're getting into and the backs were plain to see.

[calvindog]

Originally Posted by autograf

I could see a '5' maybe. Anyone paying $11K for a common Uzit knows what they're getting into and the backs were plain to see.

Agree on all counts - except I have such a card with razor-sharp corners and a back with hinge stains which received a 30. I thought it deserved a 5 as well but as you point out, what's the difference? Anyone with eyes can see what's going on there.

[Econteachert205]

Originally Posted by calvindog

The Wagner sold for 165K less than it did a few years ago.

Ouch, might have been better off pulling it.

[benchod]

Originally Posted by calvindog

The Wagner sold for 165K less than it did a few years ago.

Maybe. There is a loose definition of "sold" in this hobby

[calvindog]

Originally Posted by benchod

Maybe. There is a loose definition of "sold" in this hobby

Well that's very true. Maybe some of the senior hobby members on Net 54 who are always rubbing their temples and bemoaning their concern about the future of the hobby can comment on this phenomenon.

[Peter_Spaeth]

Mile High clearly discloses that some lots have reserves. So if (and I have no idea) there was a reserve and the card did not meet it there is no issue.

d) Minimum Bids- Each and every lot within the auction does have a minimum bid designated in both the catalog as well as online. A very few of the lots in the auction have a reserve price (please note the vast majority of the lots within the auction do not have a reserve price) A reserve price is the confidential minimum price that a consignor will accept before they will sell the material, this means that a bid of equal or greater than the confidential reserve must be placed for a succesful bid to be accepted on that lot. MHCC may implement this reserve by bidding on behalf of the consignor and may place a bid up to the amount of the reserve, by placing succesive bids if necessary. In the limited instances where MHCC has a financial interest in a lot beyond our commision we may place a bid to protect our financial interest. Reserves when in place will be pre-determined and set within the auction software prior to the start of the auction. Again, please note the vast majority of the lots in every auction will be offered without a confidential reserve in place. For all items in the auction (unless an item is withdrawn during the auction)without a reserve they will be sold to the highest bidder at or above the minimum bid.

[ullmandds]

Another Major AH "protecting" their best interests by bidding on their own lots.

[Peter_Spaeth]

If it's disclosed, there is no fraud. People can make an informed decision whether they want to bid or not, knowing there is the potential for the AH to bid up to the reserve. It would still be better, in my view, just to put the reserve as the opening bid, but AHs don't seem to ever want to do that.

I suppose one could also argue that this style of auction can create some pricing misinformation, for lots that didn't meet reserve, but I don't see that as a legal issue.