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Originally Posted by HRBAKER
So does all of this light and noise change anything?
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Hi Jeff,
Great question.
I truly believe it will change things. However, the breadth and depth of change that will result from this is clearly uncertain. There will be some people who do nothing, and others who use the now-public information to avoid doing business with all of those upon whom a negative light has been cast. Everyone else will fall somewhere in between, tailoring their response to this news in the manner which personally suits them best.
I do believe one thing is reasonable to presume. There are quite a few hobbyists who will approach auctions with a greater amount of care, caution, and due diligence. At least, they will for a while.
My sincere hope is that this occurrence serves as the starting point for sustained pressure on all auction houses to ensure fair, transparent, arms-length transactions. This also applies to other platforms where an auction format is offered. And yes, I'm looking at you, eBay.
Again, great question. Please know that my response was meant to add to an ongoing conversation, and I am not directing negativity towards you or any particular person.
Best regards,
Eric