Mastro Auctions Mastro's Stuff?

Peter_Spaeth · #1 09-08-2010, 05:38 PM

I don't think there will be a report, if my understanding is correct there is a grand jury and either it will or it won't hand down an indictment, and the case will proceed from there.

calvindog · #2 09-08-2010, 05:50 PM

Poor Bill. It will really kill him to watch his stuff being sold while he is unable to work the computer and place bids on his lots. Oh well, luckily Doug is still there.

Leon · #3 09-08-2010, 06:11 PM

I think it's always a bit sad when a collector sells his collection. Bill has always been nice to me so that is the way I treat him too. If he did something wrong then let the justice system handle it. As for the long ago comment about "well, if someone shill bid you how could you be friendly with them?" I would say to that, that if I was targeted then yes, I would be very unhappy and sever the friendship. If it was a blanket issue and everyone was targeted, then I can still be friendly with that person but they will have to make restitution and pay their dues. I am sure some will take this all the wrong way and make jokes and sarcasm. That is ok too. If that is what gives someone enjoyment then more power to them. On a personal note it will be interesting to see what the Horner League Compostite goes for. From the small screenshot shown I would say mine is comparable, so it should be interesting. I wish Bill the best......

As for the selection of auction houses....a foregone conclusion. Legendary will do well with it.

Rob D. · #4 09-08-2010, 06:22 PM

Quote:

Originally Posted by Leon

I think it's always a bit sad when a collector sells his collection. Bill has always been nice to me so that is the way I treat him too. If he did something wrong then let the justice system handle it. As for the long ago comment about "well, if someone shill bid you how could you be friendly with them?" I would say to that, that if I was targeted then yes, I would be very unhappy and sever the friendship. If it was a blanket issue and everyone was targeted, then I can still be friendly with that person but they will have to make restitution and pay their dues. I am sure some will take this all the wrong way and make jokes and sarcasm. That is ok too. If that is what gives someone enjoyment then more power to them. On a personal note it will be interesting to see what the Horner League Compostite goes for. From the small screenshot shown I would say mine is comparable, so it should be interesting. I wish Bill the best......

As for the selection of auction houses....a foregone conclusion. Legendary will do well with it.

This isn't a comment on who might have done what in the case of Mastro Auctions but more of a general rule of mine: I assume that if I'm truly friends with someone, and they decide to engage in an activity in which they take advantage of people, I'll be spared because of that friendship. Otherwise I don't think they consider me a friend at all but rather just another mark/sucker.

(That's 100 percent sarcasm free, by the way.)

Peter_Spaeth · #5 09-08-2010, 06:43 PM

Leon's comment reminds me of the line in Catch-22 when someone tells Yossarian he shouldn't take it personally that he is being shot at, because they are shooting at everyone.

calvindog · #6 09-08-2010, 06:44 PM

In fairness, I've often used the argument at a sentencing for clients convicted of fraud that they didn't target anyone individually, just everyone who crossed their paths or invested with them, whether it be friends, family or perfect strangers. I've found that such an argument has really resonated with judges who recognize this as a mitigating factor.

Matthew H · #7 09-08-2010, 06:56 PM

I wonder if worries of shill bidding will affect the prices realized...

Leon · #8 09-08-2010, 07:14 PM

I am certainly not advocating my view onto others, only giving my opinion. I didn't say it was a good defense either, of course it isn't. I didn't say it was anything except my opinion. I understand it's not a popular one either. That's ok. At least you know where I stand on it, right or wrong. It's the way I feel about it. Hopefully, I am at least entitled to my opinion? regards

Exhibitman · #9 09-08-2010, 07:10 PM

Quote:

Originally Posted by calvindog

In fairness, I've often used the argument at a sentencing for clients convicted of fraud that they didn't target anyone individually, just everyone who crossed their paths or invested with them, whether it be friends, family or perfect strangers. I've found that such an argument has really resonated with judges who recognize this as a mitigating factor.

Thanks for the laugh, Jeff. It's been a long day...

If it was my client with all the 'stuff' swirling around his former business and former business partners I'd probably advise him to have a true third party sell it all rather than anyone with connections to my former business, just so there is no appearance of impropriety. Not saying anything will be wrong, just that as this thread shows the selection of auctioneers perhaps needlessly raises questions that might be better left unasked.

And I have to ask: does anyone think Mastro will have trouble getting paid on his consignments?

Peter_Spaeth · #10 09-08-2010, 07:16 PM

Quote:

Originally Posted by calvindog

In fairness, I've often used the argument at a sentencing for clients convicted of fraud that they didn't target anyone individually, just everyone who crossed their paths or invested with them, whether it be friends, family or perfect strangers. I've found that such an argument has really resonated with judges who recognize this as a mitigating factor.

Leon · #11 09-08-2010, 07:21 PM

BTW, I am not defending anyone if they did something wrong. If they comitted a crime then they should pay the same penalty as anyone else. It's not that difficult to comprehend, really. I have the ability to see the difference between a legal issue and friendship though, and prefer to see it that way. If others prefer to not like someone because of something they did to them, even if it wasn't targeted, I see that point too. I am multi-tasking in that respect. best regards

sago · #12 09-09-2010, 10:05 PM

I hope Bill got a good deal on the commission.

I can't wait to see the descriptions. Is it going to be vintage Bigelow, or more the Don West approach?

I'd speculate that this was worked out over 3 years ago that when the time came, Doug would get the collection.

Anything but that would have been a large slap in the face, and potentially disastrous for Legendary. Afterall, why would anyone consign there if the former owner, that left on good terms wouldn't? (former owner, who left on good terms? I should write their press release)

tbob · #13 09-08-2010, 09:30 PM

Quote:

Originally Posted by calvindog

In fairness, I've often used the argument at a sentencing for clients convicted of fraud that they didn't target anyone individually, just everyone who crossed their paths or invested with them, whether it be friends, family or perfect strangers. I've found that such an argument has really resonated with judges who recognize this as a mitigating factor.

Kind of like clients who are convicted of murdering their parents asking for mercy because they are orphans.

autograf · #14 09-08-2010, 09:47 PM

I think it's funny that some people, unnamed, take the hardest line possible against Mastro/Mastronet/Allen/Legendary, yet still bid in their auctions. Hopefully none of those are on this thread.

I don't really have any feelings whatsoever about Bill Mastro and his collection. I'm neither sad nor glad he's selling. More stuff in the marketplace I guess but I don't know him personally although those who apparently do feel he's a decent enough guy.

We've debated this crap ad nauseum (sp?) here and didn't solve anything then and haven't solved anything here in this thread. The bottom line, for now, is all these people are walking around, running the same type of business they have for years. So....until the rubber meets the road, it's all speculation.

Articles by O'Keefe and gyrations on a message board don't put people in jail. Judges & Juries do......

JasonL · #15 09-10-2010, 11:08 AM

Quote:

Originally Posted by calvindog

Poor Bill. It will really kill him to watch his stuff being sold while he is unable to work the computer and place bids on his lots. Oh well, luckily Doug is still there.

I don't like to use this jargon much, but ROTFLMFAO!!!!!
My goodness, thank you Jeff. That did provide some much-needed jovialityness to my day.

I was thinking along those same lines when I read the original post, something along the lines of an addition to this excerpt:

"Bidding is scheduled to begin on Monday, November 22nd..."

Shill bidding will begin shortly thereafter.

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