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<p>[QUOTE="medoraman, post: 1197711, member: 26302"]But legally most of the time the auctioneer is not the seller, he is merely the agent. Would you consider property consigned to an auctioneer his property Doug? How much of a chance do you think someone would be able to go back to the seller, the consignor, after the auction is over? I was talking that if the auctioneer was not a coin expert, and sold as is/where is, he would not be on the hook for a fake coin usually, since he never promised it was authentic and shouldn't have known better.</p><p><br /></p><p>My friend I referenced bought coins at an estate sale, and tried to sue the auctioneer. The judge ruled that since the auctioneer was not a coin dealer he could not have known it was a fake.</p><p><br /></p><p>Edit: Regarding an auctioneer "bidding", its highly likely that they had a bid left with them prior to the sale, and they were simply executing that bid. There is no way of knowing for sure, and I agree I hate the practice, but at small sales happens a lot. Sometimes I have stuff to do and cannot attend the auction, but will leave some bids with the auctioneer to bid for me.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1197711, member: 26302"]But legally most of the time the auctioneer is not the seller, he is merely the agent. Would you consider property consigned to an auctioneer his property Doug? How much of a chance do you think someone would be able to go back to the seller, the consignor, after the auction is over? I was talking that if the auctioneer was not a coin expert, and sold as is/where is, he would not be on the hook for a fake coin usually, since he never promised it was authentic and shouldn't have known better. My friend I referenced bought coins at an estate sale, and tried to sue the auctioneer. The judge ruled that since the auctioneer was not a coin dealer he could not have known it was a fake. Edit: Regarding an auctioneer "bidding", its highly likely that they had a bid left with them prior to the sale, and they were simply executing that bid. There is no way of knowing for sure, and I agree I hate the practice, but at small sales happens a lot. Sometimes I have stuff to do and cannot attend the auction, but will leave some bids with the auctioneer to bid for me.[/QUOTE]
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