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HERITAGE NUMISMATIC AUCTIONS, INC. V. STIEL CRAIG STODDART JUSTICE On Appeal from the 162nd Judicia
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<p>[QUOTE="NorthKorea, post: 2483114, member: 29643"]My apologies, but you didn't respond to the question. Let's break it down into questions that are yes/no, so we can formulate why you found it silly.</p><p><br /></p><p>Did you receive the $450k & $100k advances from Heritage?</p><p>Did your coins sell for more than $550k+7%, assuming you did get said advances?</p><p><br /></p><p>Simply because it's been so long since I saw Heritage's consignment and bidder ToU/ToS, could someone refresh my memory: Doesn't Heritage disclose that they reserve the right to bid on their own behalf on any lot in any of their auctions?</p><p><br /></p><p>I always thought that, since it's disclosed, that's not shill bidding. After all, they're bidding to acquire the item for their corporate collection/inventory, not merely to raise the final price.</p><p><br /></p><p>Hugh, you can ignore this if you wish (and it seems the consensus is that you should):</p><p><br /></p><p>Do you have the original consignor agreement and correspondence stating that Heritage would allow you to bid on your own items? *That* is usually expressly forbidden in consignor agreements, so that's actually quite surprising. If you have that entered into evidence, could you post it? I'd love to see the wording.</p><p><br /></p><p>Edit: I just saw the page one linked thread. This topic was closed by mods. Why has a new thread about a closed topic been created? I'm going to report my own post on this one so mods can decide what to do with the thread.[/QUOTE]</p><p><br /></p>
[QUOTE="NorthKorea, post: 2483114, member: 29643"]My apologies, but you didn't respond to the question. Let's break it down into questions that are yes/no, so we can formulate why you found it silly. Did you receive the $450k & $100k advances from Heritage? Did your coins sell for more than $550k+7%, assuming you did get said advances? Simply because it's been so long since I saw Heritage's consignment and bidder ToU/ToS, could someone refresh my memory: Doesn't Heritage disclose that they reserve the right to bid on their own behalf on any lot in any of their auctions? I always thought that, since it's disclosed, that's not shill bidding. After all, they're bidding to acquire the item for their corporate collection/inventory, not merely to raise the final price. Hugh, you can ignore this if you wish (and it seems the consensus is that you should): Do you have the original consignor agreement and correspondence stating that Heritage would allow you to bid on your own items? *That* is usually expressly forbidden in consignor agreements, so that's actually quite surprising. If you have that entered into evidence, could you post it? I'd love to see the wording. Edit: I just saw the page one linked thread. This topic was closed by mods. Why has a new thread about a closed topic been created? I'm going to report my own post on this one so mods can decide what to do with the thread.[/QUOTE]
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HERITAGE NUMISMATIC AUCTIONS, INC. V. STIEL CRAIG STODDART JUSTICE On Appeal from the 162nd Judicia
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