Goldin income verification

[Kco]

Originally Posted by calvindog

What are you talking about? To be a bidder you meed to prove income? Or to get a much higher bidding limit?

Yup, did the same to me last year, even after winning well into 5 figures and wiring money the next day. They have zero right to ask for it but they do. I for one haven’t bid again but hey.

[kengoldin]

Without getting into a response to some of these posts in this thread….
If anybody wishes to get a credit limit over $10,000 and does not currently have it and you do not wish to provide the requested information. Please email me personally give me your name. Give me the email you are registered under and just give me a couple hobby references and the limit you think you will need and I will take care of it for you.
Email me do not DM me here
Ken@goldin.com

Keep in mind these policies are done not only to ensure the winning bidder has the ability to pay for anything they are bidding on, but it also ensures the bidders are actually competing against people with the funds to pay, and lowers our default rate.

[Exhibitman]

Originally Posted by kengoldin

Without getting into a response to some of these posts in this thread….
If anybody wishes to get a credit limit over $10,000 and does not currently have it and you do not wish to provide the requested information. Please email me personally give me your name. Give me the email you are registered under and just give me a couple hobby references and the limit you think you will need and I will take care of it for you.
Email me do not DM me here
Ken@goldin.com

Keep in mind these policies are done not only to ensure the winning bidder has the ability to pay for anything they are bidding on, but it also ensures the bidders are actually competing against people with the funds to pay, and lowers our default rate.

Tempest in a teapot at this point, guys. Ken's already come in and provided a very reasonable work-around.

The NPB thing is real and it is a problem. i've done some collections work for some AHs and going after renegging bidders is chasing gambling addicts. You pretty quickly find out that they love the rush of the win but are in way over their heads, have atrocious credit, and little to nothing by way of recoverable assets. It is also incredibly inconvenient for a business to have a sale blown up by a deadbeat.

[calvindog]

Here's Mathewson in a Reds uniform (Hal Chase too):

[OhioLawyerF5]

Originally Posted by calvindog

Here's Mathewson in a Reds uniform (Hal Chase too):

Thanks for that. I was researching more traditional cards, as I don't usually collect items like this team photo. But I think, I'll make an exception and put it on the list. I appreciate it. I'll probably make a post in the future with my list to see what I've missed. I'm sure there are some obscure issues I've passed over.

[calvindog]

I think a real photo postcard may be the closest you’ll find to a “card” with Matty in a Reds uniform. And this one may be the only one.

As for Chase, somehow he managed to have a couple cards as a Red but he did play with them for a few years.

ETA: That looks like Ty Cobb’s doppelgänger in the bottom left of the PC.

[OhioLawyerF5]

Originally Posted by Kco

Yup, did the same to me last year, even after winning well into 5 figures and wiring money the next day. They have zero right to ask for it but they do. I for one haven’t bid again but hey.

But they have every right to ask. You have every right to refuse and not bid. But that doesn't mean a business doesn't have the right to restrict customers to those approved via their methods.

[Snapolit1]

If this is such an obvious no brainer and customary, how come I’ve been bidding with about a dozen AHs for over a decade for prob hundreds of thousands in bids and no one has asked me for this before? Weird.

[OhioLawyerF5]

Originally Posted by Snapolit1

If this is such an obvious no brainer and customary, how come I’ve been bidding with about a dozen AHs for over a decade for prob hundreds of thousands in bids and no one has asked me for this before? Weird.

A lot has changed in the baseball card market in the last ten years, if you hadn't noticed.

[Snowman]

Originally Posted by Snapolit1

If this is such an obvious no brainer and customary, how come I’ve been bidding with about a dozen AHs for over a decade for prob hundreds of thousands in bids and no one has asked me for this before? Weird.

It probably has more to do with the customer base that each auction house caters to. Sites like Mile High or REA largely deal with vintage collectors, and most bidders in that segment of the hobby pay for their winnings. However, sites like Goldin and PWCC that sell a lot of higher-end ultra-modern cards likely have a significantly higher percentage of non-paying bidders since shill-bidding is a much bigger problem on that side of the fence. It makes sense that sites like Goldin and PWCC would ask for proof of funds before sites like REA or Mile High would.

[mrreality68]

its is the way they do business. I also had to do that at a few other auction houses (I think it was Christies where I won my Joe Jackson Minor League Postcard) and Chtisties did require verification of funds in the bank and available not even income
With Goldin there was a choice of either showing income or past purchase histories from other auction houses. I did the past pruchases and showing they were paid and from that my "limit was determined".

It was a paperwork pain in the butt but it was 1 time and it is done (unless I want to get my bidding limit raised).

[ValKehl]

Not that I ever would, but if I were to consign a very valuable card or cards to Goldin, I'd first require Goldin to provide me with a copy of their insurance policy.

[Aquarian Sports Cards]

Originally Posted by ValKehl

Not that I ever would, but if I were to consign a very valuable card or cards to Goldin, I'd first require Goldin to provide me with a copy of their insurance policy.

I've had consignors ask to see my policy.

[BRoberts]

Originally Posted by Aquarian Sports Cards

I've had consignors ask to see my policy.

Totally understandable. You don't hand over the Carl Fryslinger collection without doing due diligence.

[brianp-beme]

Originally Posted by ValKehl

Not that I ever would, but if I were to consign a very valuable card or cards to Goldin, I'd first require Goldin to provide me with a copy of their insurance policy.

Especially if they seem likely to ship, in willy-nilly fashion, the card(s) to a Best Western Plus.

Brian

[OhioLawyerF5]

Originally Posted by ValKehl

Not that I ever would, but if I were to consign a very valuable card or cards to Goldin, I'd first require Goldin to provide me with a copy of their insurance policy.

I guarantee they wouldn't be personally offended by the request. :cry:

[Snapolit1]

Originally Posted by OhioLawyerF5

I guarantee they wouldn't be personally offended by the request. :cry:

Can I ask for their bank statements too? Will Ken send me information about his home value?