Mastro Auctions Mastro's Stuff?

[Peter_Spaeth]

David, was Bill the winning bidder on your Yankees ball?

[David Atkatz]

Originally Posted by Peter_Spaeth

David, was Bill the winning bidder on your Yankees ball?

I have no way of knowing that. All I do know is that many of the items now being offered as coming from his collection were last seen being "sold" in a Mastro auction.

[Shoeless Moe]

I just hope it goes to a jury trial, and then the jury has 20 minutes increments to deliberate and cast a not guilty vote and then deep in the night once there are 20 minutes without a not guilty vote they can vote Guilty and call it a night!

[autograf]

+1..........funny

[Exhibitman]

I don't have a problem with an auction house employee winning an item offered in the auction; the more legit bidders, the better for the consignor [assuming arguendo that the consignor is actually paid for his lot ]. I can see, though, how allowing the auctioneer to bid could allow the auction house to shill bid the item, so unless a third party is administering the auction in a manner that somehow prevents the auctioneer from seeing the max bids of the bidders, it would be problematic to allow the bidding.

[iggyman]

Originally Posted by Exhibitman

I don't have a problem with an auction house employee winning an item offered in the auction; the more legit bidders, the better for the consignor [assuming arguendo that the consignor is actually paid for his lot ]. I can see, though, how allowing the auctioneer to bid could allow the auction house to shill bid the item, so unless a third party is administering the auction in a manner that somehow prevents the auctioneer from seeing the max bids of the bidders, it would be problematic to allow the bidding.

It's big-time "problematic," could lead to a bunch of bad scenarios. For instance, what if employee "X" sees an E224 Honus Wagner in the upcoming auction. Well, employee "X" already owns an E224 Wagner, but alas, he is considering parting with it. What is to prevent Mr. "X" from shill bidding the Wagner all the way to the max bid and therefore probably benefiting when the time comes to sell his own Wagner. Another scenario is where you have two employees that have become the best of buddies (BFFL). Employee #1 consigns a lot to the auction house, employee #2 is a good guy and helps the lot along with some timely bidding. Luckily, stuff like that does not happen anymore .

Lovely Day...

[calvindog]

Originally Posted by iggyman

It's big-time "problematic," could lead to a bunch of bad scenarios. For instance, what if employee "X" sees an E224 Honus Wagner in the upcoming auction. Well, employee "X" already owns an E224 Wagner, but alas, he is considering parting with it. What is to prevent Mr. "X" from shill bidding the Wagner all the way to the max bid and therefore probably benefiting when the time comes to sell his own Wagner. Another scenario is where you have two employees that have become the best of buddies (BFFL). Employee #1 cosigns a lot to the auction house, employee #2 is a good guy and helps the lot along with some timely bidding. Luckily, stuff like that does not happen anymore .

Lovely Day...

Iggy, comeon, obviously "Mr. X", when he's not saving the children or being an all-around great guy who has always treated me well, would never knowingly steal from his friends or violate federal laws. You're acting as if people in this hobby would violate the laws of our country as easily as they'd change their underwear. Sorry but you're just a bit too sarcastic and cynical for me today.