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Pedigree Auction Sales and Relistings. Legit?

Started by qualitycomix,

901 posts in this topic

qualitycomix

qualitycomix

Posted
Posted

In looking at Bob Storms thread, there was a discussion on ASM #6 CGC 9.4. Interestingly enough, I've been tracking that book (along with others) and it's sales price. One of the auctions I've been tracking is Pedigree Auctions.

 

Speaking of which, Pedigree sold the AS #6 9.4 for $7,500 in their last auction with CGC serial number: 0952657001.

 

The same book is up for sale in their inventory for $10,000.

 

The book has been removed from the auction results.

 

http://www.pedigreecomics.com/auction-detail.php?issue_id=29067

http://www.pedigreecomics.com/detail.php?issue_id=29067

 

This is the case with numerous other books including Avengers #4 CGC 9.4 serial number 0994473001 which sold for $15,666 and is back in inventory for sale at $25,000. The book has been removed from the auction results.

 

http://www.pedigreecomics.com/auction-detail.php?issue_id=29226

http://www.pedigreecomics.com/detail.php?issue_id=29226

 

The Avengers #4 9.4 has sold in more than 1 auction with no reserve and it is put back into his inventory at his ask price every time. It is my understanding that Doug owns this book and the AS #6 CGC 9.4 as well as other examples.

 

Here's another example. This time a Mound City purchase:

http://www.pedigreecomics.com/detail.php?issue_id=30211

http://www.pedigreecomics.com/auction-detail.php?issue_id=30211

 

This Flash #129 CGC 9.4 sold for $500 in the auction. Now it is listed back in his inventory for $2,500.

 

On a personal level, I like Doug and hold no ill will. I don't like what's happened in the past with the way he's handled a few things and I'll let the facts speak for themselves here.

 

Yes, a buyer could have backed out multiple times. Yes, I believe it's more likely that N.P. Gresham's twin brother is bidding on books at Pedigree.

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8milemax

8milemax

Posted
Posted
In looking at Bob Storms thread, there was a discussion on ASM #6 CGC 9.4. Interestingly enough, I've been tracking that book (along with others) and it's sales price. One of the auctions I've been tracking is Pedigree Auctions.

 

Speaking of which, Pedigree sold the AS #6 9.4 for $7,500 in their last auction with CGC serial number: 0952657001.

 

The same book is up for sale in their inventory for $10,000.

 

The book has been removed from the auction results.

 

http://www.pedigreecomics.com/auction-detail.php?issue_id=29067

http://www.pedigreecomics.com/detail.php?issue_id=29067

 

This is the case with numerous other books including Avengers #4 CGC 9.4 serial number 0994473001 which sold for $15,666 and is back in inventory for sale at $25,000. The book has been removed from the auction results.

 

http://www.pedigreecomics.com/auction-detail.php?issue_id=29226

http://www.pedigreecomics.com/detail.php?issue_id=29226

 

The Avengers #4 9.4 has sold in more than 1 auction with no reserve and it is put back into his inventory at his ask price every time. It is my understanding that Doug owns this book and the AS #6 CGC 9.4 as well as other examples.

 

Here's another example. This time a Mound City purchase:

http://www.pedigreecomics.com/detail.php?issue_id=30211

http://www.pedigreecomics.com/auction-detail.php?issue_id=30211

 

This Flash #129 CGC 9.4 sold for $500 in the auction. Now it is listed back in his inventory for $2,500.

 

On a personal level, I like Doug and hold no ill will. I don't like what's happened in the past with the way he's handled a few things and I'll let the facts speak for themselves here.

 

Yes, a buyer could have backed out multiple times. Yes, I believe it's more likely that N.P. Gresham's twin brother is bidding on books at Pedigree.

 

Sounds fishy to me hm

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Foolkiller

Foolkiller

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Yes, I've noticed similar observations Brent... I suppose if he is the owner of the books and then "wins" them it's pretty obvious he's bidding on them on himself.

 

Sure hope this isn't the case... it will end up ruining people's trust in Doug. Let's hope there's a reasonable explanation.

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THE_BEYONDER

THE_BEYONDER

Posted
Posted
Yes, I've noticed similar observations Brent... I suppose if he is the owner of the books and then "wins" them it's pretty obvious he's bidding on them on himself.

 

Sure hope this isn't the case... it will end up ruining people's trust in Doug. Let's hope there's a reasonable explanation.

 

 

Waiting patiently for this reasonable explanation..... :taptaptap:

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500Club

500Club

Posted
Posted
Yes, I've noticed similar observations Brent... I suppose if he is the owner of the books and then "wins" them it's pretty obvious he's bidding on them on himself.

 

Sure hope this isn't the case... it will end up ruining people's trust in Doug. Let's hope there's a reasonable explanation.

 

 

Waiting patiently for this reasonable explanation..... :taptaptap:

 

I think people's trust in Doug was pretty thin to begin with after the JIM/Ewert resub fiasco. I'd like to hear an explanation as well. Doug?

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fantastic_four

fantastic_four

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I suppose if he is the owner of the books and then "wins" them it's pretty obvious he's bidding on them on himself.

 

The question is--are any of these books consigned, and if so, what are the consigners being told? Or all of these books definitely Doug's?

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Foolkiller

Foolkiller

Posted
Posted
I suppose if he is the owner of the books and then "wins" them it's pretty obvious he's bidding on them on himself.

 

The question is--are any of these books consigned, and if so, what are the consigners being told? Or all of these books definitely Doug's?

 

What led me to believe that they were Doug's is that I'm pretty sure the Avengers 4 was purchased by Doug. I know the person that sold this, and I recall it being sold to Doug late last year.

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namisgr

namisgr

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Let's face it, these books are being auctioned with "hidden" reserves. Hidden reserve not met? Doug outbids the unacceptable high bid.

 

Comiclink auctions are weird, too. Their featured auction began all of 2 days ago - look at how many of the offerings have substantial bids on them already, many of which are at or close to GPA average. No other auction in which I participate gets a significant proportion of books bid up so long before the auction ends. And it goes without saying that no other auction has so many offerings that crush GPA highs. hm

 

Any auction that chooses to hide the identity of the bidders raises suspicions.

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Foolkiller

Foolkiller

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I'd certainly admit that this doesn't look great for Doug, but experience in these threads has taught us to parse things out a bit before jumping to any conclusions. Now that said, sometimes the evidence leads us to the conclusion that says, this guy did something wrong, and other times it doesn't.

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batman_fan

batman_fan

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The lack of transparancy in auctions always makes for questionable results, especially given how easy it is to manipulate prices and couple this will how much it benefits the auction house to get "record" prices. Givens Doug track record, even without this crud, I wouldn't purchase anything from him.

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arexcrooke

arexcrooke

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I'd certainly admit that this doesn't look great for Doug, but experience in these threads has taught us to parse things out a bit before jumping to any conclusions. Now that said, sometimes the evidence leads us to the conclusion that says, this guy did something wrong, and other times it doesn't.

Wise words Brian

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Foolkiller

Foolkiller

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"But he's such a nice guy"

 

What else do you expect from an established crook? At least this time he's not ripping off grannies.

 

I've long said this will be many people's perception. The fact that this occurred in another facet of his life shouldn't slide from people's memories and would come back to bite him if any questions about his integrity or how his auctions were run ever came to light. It now appears to be relevant once more.

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DrWatson

DrWatson

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I personally believe almost all auction sites are shilled. I don't see anyone running an auction format website really discouraging shill bidding. It's counterproductive when the consignment sites are paid based on the final hammer price.

 

Furthermore, how can anyone ever know who they are bidding against. There is no transparency and there never will be. I'm sure many of us have felt like we were bidding against the moose on the wall on more than one occasion.

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1koko

1koko

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Posted
Let's face it, these books are being auctioned with "hidden" reserves. Hidden reserve not met? Doug outbids the unacceptable high bid.

 

Comiclink auctions are weird, too. Their featured auction began all of 2 days ago - look at how many of the offerings have substantial bids on them already, many of which are at or close to GPA average. No other auction in which I participate gets a significant proportion of books bid up so long before the auction ends. And it goes without saying that no other auction has so many offerings that crush GPA highs. hm

 

Any auction that chooses to hide the identity of the bidders raises suspicions.

 

High probablity it is this considering how badly a number of non-key non-reserved books have done in the November/ December auctions.

 

If so he needs to address the sale results being reported.

 

 

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