Everyone's favorite auction house

Hankphenom · #1 08-26-2019, 03:22 PM

Quote:

Originally Posted by Huysmans

No, they won't. This is nothing new to the actual people who collect these types of items, with nothing brought forth in this thread surprising or "interesting".

Oh, I think the REA consignor will find it most interesting that he appears to have left ten large on the table. I would think REA would find it interesting, also.

36GoudeyMan · #2 08-26-2019, 03:30 PM

A key element of fraud is that the perpetrator tries to ensure that his victim is uninformed or falsely informed. LOTG, from what I can tell, made disclosures in as timely a manner as it could under the circumstances. I believe that it is appropriate to make disclosures, fully and timely whenever possible, and allow the informed buyer/bidder to make an informed judgment about whether or not he/she/they want to bid, retract the bid, or something else. The key here is that the bidders were informed in time to make informed judgments about their bids. Why should the bidders be deprived of the chance to bid on the lot(s) once they were told the updated, more complete information by LOTG? Why should the prospective buyers be deprived of the opportunity to be (and act like) informed buyers? LOTG did what they could; they acted proactively; they did nothing wrong here.

JackW · #3 08-26-2019, 03:59 PM

Quote:

Originally Posted by Hankphenom

Oh, I think the REA consignor will find it most interesting that he appears to have left ten large on the table. I would think REA would find it interesting, also.

I think that if the apparent restoration to that sign could have been accomplished with nothing but distilled water and cotton balls, both the consignor to REA or REA itself would have performed the restoration or hired someone to do it.

Hankphenom · #4 08-26-2019, 04:08 PM

Quote:

Originally Posted by JackW

I think that if the apparent restoration to that sign could have been accomplished with nothing but distilled water and cotton balls, both the consignor to REA or REA itself would have performed the restoration or hired someone to do it.

Yeah, I was wondering about that myself, heck of a transformation there based on the photos. Apparently, we have a true expert on tin signs weighing in now, perhaps he'll tell us whether he thinks that was possible with just a wipe-down.

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