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Hot Topic (More than 10 Replies) Auction practices, what do you think ? (Read 8159 times)
boats
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Re: Auction practices, what do you think ?
Reply #15 - Jan 31st, 2015 at 7:16pm
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Might be different were you guys live. I can't imagine State of Virgina getting involved in any Auction practice's. May be some old law on the books but far as I know auctioneers have never prosecuted. And like most states we have some real crooked auction houses. Fan of auctions go to them often. From attending know a few that have been crooks for years never any trouble with the law. Guy that sold off most of my Aunts possessions when I was executor of her estate is a well known crook,He's been bankrupt several times not paying consigners for sold goods, but runs a pretty good Auction if you look over his shoulder every step of the way.

Not just running prices up either selling then mis reporting sale prices to owners "loosing" items or one that got me last " I went to Las Vegas and spent your money" Lot of pocket knives sold on Ebay for me by a recommended Ebay Seller. Dollar amount too small for the local Commonwealth Atty to even make a phone call.

Having said that I rarely sell any firearm myself get rid of something almost always consign it to one of two guys I have dealt with for years. Reliable and Honest.

Boats

  
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colo native
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Re: Auction practices, what do you think ?
Reply #16 - Jan 31st, 2015 at 8:51pm
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Ya all need to got west to Colorado and set in on aw cow or horse sale.   quite fun  my dad use to look at some of the buyers he could tell if the had any money,,,   he would say "all hat  n no cattle"
  
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.22Hepburn
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Re: Auction practices, what do you think ?
Reply #17 - Feb 2nd, 2015 at 8:48am
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It's probably a good idea to check and see if there's any water in the pool before jumping in......
  
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graduated peep
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Re: Auction practices, what do you think ?
Reply #18 - Feb 2nd, 2015 at 9:37am
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boats wrote on Jan 31st, 2015 at 7:16pm:
Might be different were you guys live. I can't imagine State of Virgina getting involved in any Auction practice's. May be some old law on the books but far as I know auctioneers have never prosecuted. And like most states we have some real crooked auction houses.

Boats


I can tell you from personal experience, here in PA the state WILL get after auctioneers if enough people b-tch about them.
Case in point- A couple of auctioneers went together and started an auction house/antique co-op.
What they were doing was, telling consignors that an item only brought so much at auction ; which was usually noticeably less than what similar items were bringing elsewhere. They would pay the consignor, then they would either put the item on ebay or offer it for sale at another antique mall that they felt the consignors would probably not frequent.
In other words the consigned items never really "sold" ; they were bought by the auctioneers and never got offered at public auction.
This went on until some consignors got suspicious and had friends attend the sale to see what was actually going on. To their surprise, they never saw their items offered but the consignors still got paid as if their items got sold.
Then somebody did some checking and found out that the auctioneers were maintaining booths at other, out of the way antique co-ops and lo and behold, that's where the "sold" items were displayed for sale.
I don't think there was any jail time; but there were fines and these two guys had their licenses revoked, and I believe they were barred from ever doing auctions again; at least in this state.
  
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