Goldin Auction - Honus Wagner “Rookie Card”

[Peter_Spaeth]

Originally Posted by benjulmag

Peter,

That is a recognized practice among most major auction houses, disclosure of which is buried in the fine print of the auction rules. I characterize it as legalized fraud, as its purpose is to induce bids on the mistaken belief there is genuine interest at that bidding level.

I get it, I was just expressing surprise it hasn't evoked more angst, as people used to bitch a ton about hidden reserves and such.