the list (of criminals) is revealed

[dhernandez]

Originally Posted by begsu1013

each state is different and may have laws preventing such action.

i don't know, not an attorney but heritage is allowed to do so by texas law.

apart from obvious integrity issues, being allowed by law is pretty key.

but again, would like to see the legislature read that if any auction house does bid and win, that the 20% buyer's premium should go to the consignor.

of course, then they'd prolly just claim it was a non-paying bidder and we're back at square one again...

How often do you guess House wins lots and use the non-paying bidder ploy and what happens next? Do they contact the next highest bidder or do they re-list? Prior to the internet when AHs were utilizing phone call in's to place bids. I'm sure the house bump was a standard that was employed routinely because of the lack of "hard" paper trail with phone bumps.

[Stonepony]

Originally Posted by dhernandez

How often do you guess House wins lots and use the non-paying bidder ploy and what happens next? Do they contact the next highest bidder or do they re-list? Prior to the internet when AHs were utilizing phone call in's to place bids. I'm sure the house bump was a standard that was employed routinely because of the lack of "hard" paper trail with phone bumps.

How often? Who knows. HA, I believe, is the only one brazen enough to afford themselves that right. A clue may be what happened with the Lenox Cobb: It hung around $8000 , with a sudden bump to a $17,000 bid ( which I believe was a house bid) . It hammers at that price and the next day is for sale at Heritage at that price. Disgusted me, but maybe I'm wrong in how it went down.

[Jobu]

I am fairly certain that the card had a reserve that didn't post until there were only a few days left. The bidding took it to $8 k and then the reserve of $17 k posted making that the bid with no high bidder. Basically the card didn't sell because nobody bid the reserve. HA then offered it for sale after the auction.

Originally Posted by Stonepony

How often? Who knows. HA, I believe, is the only one brazen enough to afford themselves that right. A clue may be what happened with the Lenox Cobb: It hung around $8000 , with a sudden bump to a $17,000 bid ( which I believe was a house bid) . It hammers at that price and the next day is for sale at Heritage at that price. Disgusted me, but maybe I'm wrong in how it went down.

[pawpawdiv9]

Originally Posted by Jobu

I am fairly certain that the card had a reserve that didn't post until there were only a few days left. The bidding took it to $8 k and then the reserve of $17 k posted making that the bid with no high bidder. Basically the card didn't sell because nobody bid the reserve. HA then offered it for sale after the auction.

Looks like Heritage has it on the 'wood block' again for bidding 4/21/2016
http://sports.ha.com/itm/baseball/19...ription-071515

[ullmandds]

some people just think their cards are worth more than reality dictates??

[iowadoc77]

Originally Posted by Jobu

I am fairly certain that the card had a reserve that didn't post until there were only a few days left. The bidding took it to $8 k and then the reserve of $17 k posted making that the bid with no high bidder. Basically the card didn't sell because nobody bid the reserve. HA then offered it for sale after the auction.

Correct. Fairly common for Heritage. They don't post a reserve until well into the auction. Gives a false impression IMO of where things stand.