Heritage Auctions Lawsuit - Net54baseball.com Forums

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09-13-2009, 04:19 PM

barrysloate barrysloate is offline

Barry Sloate

Member

Join Date: Apr 2009

Location: Brooklyn, NY

Posts: 8,297

Wes- I agree that giving a consignor a certain minimum guarantee is an accepted practice, and many times it's the prudent thing to do.

But a house bid that protects a lot should be placed only by the auction house. If I understand Heritage's policy, they are letting consignors place the bids themselves as they see fit? It's hard to imagine that is a good policy.

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