Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Ancient Coins
>
Morality, legality and auction collusion
>
Reply to Thread
Message:
<p>[QUOTE="Ken Dorney, post: 2794003, member: 76086"]Darn. Late to the party on this one! Some opinions as a dealer and collector both.</p><p><br /></p><p>I think we can all see the obvious lines where dishonesty comes into play. But there is that middle ground that seems to be of debate here. It is not unusual (and happens quite frequently) where two or more dealers get together and discuss a certain group lot or lots at auction. None of them can afford the lot (or lots) by themselves, but collectively they have the ability to make the purchase. If they win they will then split the lot in various ways. This also happens with collectors. Pooling resources I dont think is against the law, but some posts have suggested that it is immoral and wrong (and possibly illegal). I think the practice is just fine, and ultimately leads to higher prices realized for the house and consignor as these bidders on their own would not have participated at all due to their individual resources.[/QUOTE]</p><p><br /></p>
[QUOTE="Ken Dorney, post: 2794003, member: 76086"]Darn. Late to the party on this one! Some opinions as a dealer and collector both. I think we can all see the obvious lines where dishonesty comes into play. But there is that middle ground that seems to be of debate here. It is not unusual (and happens quite frequently) where two or more dealers get together and discuss a certain group lot or lots at auction. None of them can afford the lot (or lots) by themselves, but collectively they have the ability to make the purchase. If they win they will then split the lot in various ways. This also happens with collectors. Pooling resources I dont think is against the law, but some posts have suggested that it is immoral and wrong (and possibly illegal). I think the practice is just fine, and ultimately leads to higher prices realized for the house and consignor as these bidders on their own would not have participated at all due to their individual resources.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Ancient Coins
>
Morality, legality and auction collusion
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...