jimbo_7071 Posted November 11, 2021 Share Posted November 11, 2021 On 11/11/2021 at 9:34 AM, Professor K said: I'm not really giving an opinion here other than to say I doubt they or anybody has warehouses or even one warehouse full of GA stuff. If that's the case I'll take a pallet of Contact 12's as well. But I get you're point. Do they buy and keep stuff until they feel is the optimum time to sell? I'm sure they do. That's kind of the way to do it if you're "only in it for the money". Then again they can't keep it too long after getting it graded because they would be on the census, and the less on the census the better for the sellers. But this has got me thinking. I always thought all the books in the auctions of HA, CC, and CL were all owned by people who are using these auction houses to sell their stuff. But are some of the books in their auctions actually owned by the auction houses? And/or do they sometimes bid on and buy books they are selling on their own auctions by using a proxy bidder perhaps (who later becomes a proxy seller) ? If so that seems unethical. Adjusting bids? I'm not sure what that means but it sounds illegal. Wow, I wrote much more than I planned. I just came by to see some sweet Promise books. Shill bidding is legal in Texas, but shill bidding in an online auction is a federal crime (wire fraud). I don't doubt that some sellers attempt to place shill bids, the law be damned. Professor K and comicjack 2 Link to comment Share on other sites More sharing options...
Straw-Man Posted November 12, 2021 Share Posted November 12, 2021 (edited) i'd say the slight majority of my fellow I-10/I-12/I-49 travelers are saying the law be damned on our varying 60, 65 and 70 mph federal speed limit laws day in and day out. Edited November 12, 2021 by Straw-Man Link to comment Share on other sites More sharing options...
Professor K Posted November 12, 2021 Share Posted November 12, 2021 On 11/11/2021 at 2:08 PM, jimbo_7071 said: Shill bidding is legal in Texas, but shill bidding in an online auction is a federal crime (wire fraud). I don't doubt that some sellers attempt to place shill bids, the law be damned. Interesting. I was just responding to another post but then I began wondering if any of the books in the online auction sites (HA,CL,CC) are owned by those sites. I had never considered that before. Link to comment Share on other sites More sharing options...
Popular Post Tri-Color Brian Posted November 12, 2021 Popular Post Share Posted November 12, 2021 (edited) Too late guys. I found the Contact 12 boxes... Edited November 12, 2021 by Tri-ColorBrian GreatCaesarsGhost, ThothAmon, Point Five and 12 others 2 13 Link to comment Share on other sites More sharing options...
Popular Post Ryan. Posted November 12, 2021 Popular Post Share Posted November 12, 2021 I'll take the third one from the top. Miamiknight3434, Larryw7, Tri-Color Brian and 2 others 5 Link to comment Share on other sites More sharing options...
Tri-Color Brian Posted November 12, 2021 Share Posted November 12, 2021 On 11/12/2021 at 10:37 AM, Ryan. said: I'll take the third one from the top. Good choice. That's the nicest one... jimjum12 1 Link to comment Share on other sites More sharing options...
Popular Post G.A.tor Posted November 12, 2021 Popular Post Share Posted November 12, 2021 On 11/11/2021 at 2:08 PM, jimbo_7071 said: Shill bidding is legal in Texas, but shill bidding in an online auction is a federal crime (wire fraud). I don't doubt that some sellers attempt to place shill bids, the law be damned. shill bidding is not legal in texas?...it is legal for employees of an auction house to bid on that auction house offerings, but shill bidding is very much illegal for texas auctioneers jimbo_7071, buttock, ttfitz and 3 others 6 Link to comment Share on other sites More sharing options...
comicnoir Posted November 12, 2021 Share Posted November 12, 2021 On 11/12/2021 at 12:45 PM, G.A.tor said: shill bidding is not legal in texas?...it is legal for employees of an auction house to bid on that auction house offerings, but shill bidding is very much illegal for texas auctioneers Is it legal for consignors to bid on their own books? Or friends acting on their behalf? Link to comment Share on other sites More sharing options...
lou_fine Posted November 12, 2021 Share Posted November 12, 2021 On 11/6/2021 at 7:17 AM, Timely said: Heritage does have a warehouse full of comics! I know, I was there! In a mano a mano beatdown fight to the death, who's got the larger warehouse...............Halperin's warehouse full of his winnings awaiting future auctions or CGC's warehouses full of books awaiting grading and slabbing. ThothAmon and The Lions Den 2 Link to comment Share on other sites More sharing options...
G.A.tor Posted November 13, 2021 Share Posted November 13, 2021 On 11/12/2021 at 6:16 PM, comicnoir said: Is it legal for consignors to bid on their own books? Or friends acting on their behalf? No jimbo_7071 1 Link to comment Share on other sites More sharing options...
atomised Posted November 13, 2021 Share Posted November 13, 2021 On 11/4/2021 at 6:23 PM, ChillMan said: Auction Houses and insiders have warehouses full of GA and all comics to clean & press & release to the public in order to maximize their profit. Heritage (for all items) adjusts the bids, keeps items for themselves, makes sure other items are for max bid, etc., etc. so much misinformation here I frankly don't know how to respond. I did laugh though. Link to comment Share on other sites More sharing options...
AJD Posted November 13, 2021 Share Posted November 13, 2021 On 11/13/2021 at 3:30 PM, atomised said: so much misinformation here I frankly don't know how to respond. I did laugh though. So you did know to respond! Point Five 1 Link to comment Share on other sites More sharing options...
ChillMan Posted December 30, 2021 Author Share Posted December 30, 2021 On 11/11/2021 at 9:34 AM, Professor K said: I'm not really giving an opinion here other than to say I doubt they or anybody has warehouses or even one warehouse full of GA stuff. If that's the case I'll take a pallet of Contact 12's as well. But I get you're point. Do they buy and keep stuff until they feel is the optimum time to sell? I'm sure they do. That's kind of the way to do it if you're "only in it for the money". Then again they can't keep it too long after getting it graded because they would be on the census, and the less on the census the better for the sellers. But this has got me thinking. I always thought all the books in the auctions of HA, CC, and CL were all owned by people who are using these auction houses to sell their stuff. But are some of the books in their auctions actually owned by the auction houses? And/or do they sometimes bid on and buy books they are selling on their own auctions by using a proxy bidder perhaps (who later becomes a proxy seller) ? If so that seems unethical. Adjusting bids? I'm not sure what that means but it sounds illegal. Wow, I wrote much more than I planned. I just came by to see some sweet Promise books. Instead of 1 guy, me, giving anecdotal/circumstancial evidence....let's think big picture. Think about all the blatant lies we see everywhere else, even right in front of millions on the television. Why wouldn't auction houses control the action?? It's all totally in-house. Professor K and Larryw7 2 Link to comment Share on other sites More sharing options...
ChillMan Posted December 30, 2021 Author Share Posted December 30, 2021 (edited) On 11/11/2021 at 2:08 PM, jimbo_7071 said: Shill bidding is legal in Texas, but shill bidding in an online auction is a federal crime (wire fraud). I don't doubt that some sellers attempt to place shill bids, the law be damned. The leading staff of the largest most famous auction houses (not just comics)....were hired right off of the parking lot of Honest Larry's Slightly Used Cars. My advice....if it doesn't seem right, it isn't right. No matter what they say. Edited December 30, 2021 by ChillMan jimbo_7071 1 Link to comment Share on other sites More sharing options...
ft88 Posted December 30, 2021 Share Posted December 30, 2021 An example of the warehouse. Geppi sent heritage basically his entire collection built up over the years. Part of that included the over 500,000 Harvey file copies. It’s why groups of those sold in years past. I bet that’s only been dented. Assume you have a $10 million collection of 1000 long boxes of 40s - 70s. Better to have Heritage hold it with a sales plan than to have your heirs deal with it just after you die. Thus warehouses of comics including GA. Like DeBeers, they can’t flood the market. Professor K 1 Link to comment Share on other sites More sharing options...
Figment Posted January 1, 2022 Share Posted January 1, 2022 On 11/12/2021 at 11:32 AM, Tri-ColorBrian said: Too late guys. I found the Contact 12 boxes... You missed one, it's in the MCS auction starting Monday. Tri-Color Brian 1 Link to comment Share on other sites More sharing options...
Tri-Color Brian Posted January 2, 2022 Share Posted January 2, 2022 On 1/1/2022 at 11:03 AM, Figment said: You missed one, it's in the MCS auction starting Monday. It wasn't in the Heritage warehouse boxes... Link to comment Share on other sites More sharing options...
