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11-17-2006, 03:47 PM #1
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Re: Historic Auctions- Conflict of Interest?
Every single auction has has a conflict of interests to some degree on EVERY auction, they want to authenticate the item so it will sell. Case and point on historic auctions last auction when they sold for over $3,000 cobined a fake Carnell Williams and a fake Michael Clayton. i have ran into this problem with almsot every auction house, the point is that all buyers should do their homework before puchasing and NOT leave it up to a piece of paper that magically becomes a COA.
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11-17-2006, 09:26 PM #2
Re: Historic Auctions- Conflict of Interest?
Jake
That's not what a conflict of interest is. A conflict of interest is when the seller is also the authenticator and that information is not disclosed to the consumer.Always looking for game used San Diego Chargers items...
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11-18-2006, 11:31 AM #3
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Re: Historic Auctions- Conflict of Interest?
Eric, a conflict of interest is
When a person is in a position of trust which requires them to excercise jusgement on the behalf of others, while at the same time has INTERSTS or OBLIGATIONS of the sort that could interfere with the excercise of judgement.
So, YES auction houses are ALWAYS dealing with a conflict of interest
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11-18-2006, 11:56 AM #4
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11-18-2006, 05:12 PM #5
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Re: Historic Auctions- Conflict of Interest?
Amen eric, that is EXACTLY how auction houses should be ran UNBIASED 3rd parties, I have long thought that Jim Yackel would be an EXCEPTIONAL mediator or authenticator with tremendous integrity and product knowledge...