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#1
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Lerner and Reznikoff; I am not that surprised. Kevin Keating and Pete Calderon; definitely shockers.
D@v1d D@v1s |
#2
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Yup.... Major Bummer!
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#3
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There are several people with connections to the auction house who are listed as shill bidders. That includes their Silk Road investor (Filipowski), their receptionist (Henny Steinbach), and their IT guy (Boehm), among others. Mastro was just 'spreading the wealth' there, I suspect, using other people's accounts to do his bidding (pun intended). Just because Peter C's name is in this list doesn't mean he was actually shill bidding.
Last edited by bcornell; 01-28-2016 at 02:48 PM. |
#4
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That's true. I know I'm registered at every auction house as Buck Naked.
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#5
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Quote:
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#6
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Quote:
Put another way, do we think their receptionist was part of the shill bidding conspiracy? That seems unlikely. Bill |
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Why can't a secretary place shill bids for her boss? I'd buy it if all the bids were the in the names of the receptionist and the janitor, but it's not as if the bosses were shy about bidding under their own names.
If others' accounts were surreptitiously 'borrowed' to place illegal bids, perhaps there should have been charges for identity theft. Thus ultimate salt in the wound would be when someone sees he was bid up by Spot. Last edited by drcy; 01-28-2016 at 03:43 PM. |
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What's the over/under on thread views here?
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#9
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There are 3 shillers listed that currently sit on the board of experts at PSA. If someone were to post this on the CU boards, how long would it last?
__________________
Rich@rd Lap@int |
#10
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And how about this being a Net54 exclusive???? Not a peep about this across the pond!
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#11
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Cause
Someone started a thread, but it just refers people over here
Last edited by ALR-bishop; 01-28-2016 at 04:11 PM. |
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Is Forman the same one from SGC? And can anyone see if those shilled lots were SGC cards?
Would also be great to know if any of the names involved have since become affiliated with/employed by other Auction Houses? |
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this is quite the shit storm that's just getting started!
Last edited by ullmandds; 01-28-2016 at 03:25 PM. |
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Has this been answered? It's a long thread so I may have missed it.
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#15
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Here is a list of all the shilled lots consigned by Steve and Dave. Most are SGC, but there are some PSA and GAI. https://docs.google.com/spreadsheets...pub?output=pdf
__________________
https://www.flickr.com/photos/bn2cardz/albums |
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Here's 25001.
I'm surprised so many folks are surprised. In-house proprietary auction houses make little sense from a financial perspective and can be easily manipulated by the AH. Shilling is probably still rampant on the ones that are left. You can't even see the bidders, which is the first clue as to what is going on there. E-bay has already spent billions building this software platform; and they do all the maintenance, upgrading, hardware, security, power, cooling, etc; for pennies. Does E-bay have shilling? of course. But at least I have some information to review in bid history to make my own assessment. Lastly, and it's been beat to death, stay within your budget and be patient, and you will never be a "victim" of shilling again. |
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My name appears on the list of "shill bidders" on one transaction where my friend, Ron Goldberg, was the consignor. I don't view myself as a shill bidder, nor do I believe Ron did anything inappropriate. I have no doubt that some of you will disagree, and candidly I have shared this with a few people I respect a lot and they come out different ways. In any event, these are the facts.
In 2007, Ron had a valuable but relatively low demand oddball set (one of the Red Men sets). At some point he was talking to Doug and Doug asked if he would consider consigning the set. Ron said that he would but that because it was an oddball set, he was reluctant to do so unless a reserve could be placed on the auction, particularly since one of Ron's lots had sold well below his expectations in a previous auction. Doug said that he would not place a formal reserve, but instructed Ron that he could achieve the same result if he had a friend bid the reserve amount. Doug insisted, however, that if the friend won the auction, Ron would have to pay the buyer's premium. Ron then asked me if I would let him bid using my ID. After thinking it over, I agreed. My thinking at the time was that Ron was not going to consign the set anyhow without a de facto reserve (so that there really was no scenario of a no reserve auction where someone could have won the set for a pittance), and that because Ron was going to have to pay the buyer's premium if the bid from my account won, the result would be the same as if I paid for the set and then flipped it back to Ron. As it turned out, Ron's fear was correct and the bid from my account was high bid, even though Ron had hoped the set might go much higher and in fact sold it for 20k more eventually. So he paid the premium and the set was returned to him. It worked out exactly the same as if there had been a reserve, or higher opening bid. No victim. Nobody "run up." To be clear, Ron had no idea who else had bid or whether they had placed a top all. I am pretty sure, by the way, that many of the lots identified by the government as allegedly involving shill bidding (including multiple lots consigned by other Net 54 board members whose names have not been mentioned yet) are of the same character. Some, on the other hand, doubtless are lots where Mastro and Allen knew the top alls and bid them up themselves, or told the consignor. I understand there are different ways to view the transaction. We have, in fact, debated this issue before at least in the abstract. I understand the other side, and have no doubt many of you folks will vilify Ron and me. So be it. I have nothing to hide. And apologies for the delay in posting, but I needed to verify the facts with the consignor. If you are going to vilify Ron, by the way, please be sure to include the other board members identified as consignors on multiple lots, it would be very unfair to single him out. Last edited by Peter_Spaeth; 02-03-2016 at 06:56 PM. Reason: clarity |
#21
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__________________
Sign up & receive my autograph price list. E mail me,richsprt@aol.com, with your e mail. Sports,entertainment,history. - Here is a link to my online store. Many items for sale. 10% disc. for 54 members. E mail me first. www.bonanza.com/booths/richsports -- "I have never killed a man, but I have read many obituaries with great pleasure."- Clarence Darrow |
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I agree with Bills take that you can't just assume because someone is in the shill column they did it...especially names like Calderon and Lucas and Henny Steinbach. There are some really aggredious instances on this spreadsheet though. Wow. Where does this go from here? Being outed like this, do people have any recourse on their situation? I was hit for $350 on a nonsports lot. I'm sure a lot of winners aren't jazzed about having the lots they won outed like this either. Many of these people play close to the best with their buying habits and collections.
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#23
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D@v1d D@v1s |
#24
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__________________
Looking for Nebraska Indians memorabilia, photos and postcards |
#25
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#26
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Wonder what if any affect this will have on auction houses from here on out?
Most likely none, but lets see.
__________________
Ruben Last edited by Iron Horse; 01-29-2016 at 12:14 AM. |
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I have had some email conversations with Rob and I agree with him that I probably should have phrased differently
I do want to say I pointed out in his case that 2002 is far away from 2016 and the split with Mastro may not have occurred year. I don't remember off the top of my head when it did, But there has been an evolution in Rob since the split. It was just interesting he was mentioned but that was 15 years ago and REA did pioneer must of the updated auction software to prevent things like this from occurring. There is also the matter of who released this information and how and why it was released. *Note -- not the government releasing*. I will continue to disagree with him that his retirement is not a hobby news story. Look, when you are the head of the most esteemed auction house (look at the REA threads on this board) and the auction carries your name, yeah it's kind of important when you pass the baton. I know Brian, I bought stuff from Brian when he ran Sterling and he was great to deal with. Brian will do fine and I wish Rob all the best in his retirement. This whole sequence of events is probably just coincidental but an interesting way to start 2016 Rich PS Peter Spaeth emailed me and asked about why I did not mention Dave Forman -- I pointed out I glanced at this list and did not cover every name.
__________________
Look for our show listings in the Net 54 Calendar section |
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