American Memorabilia: Ethics

[sammy]

Re: American Memorabilia: Ethics

America Memorabilia has removed this notice from all their category pages.

The auction house reserves the right to place a bid on any lot on behalf of the seller. Auction house will not specifically identify bids placed on behalf of the seller.

It appears their first, and only shill bidding notice on all their category pages, where every bidder could see it, was not good for business in their last auction. The notice is now safely tucked away in their "Auction Rules" where few people look.

American Memorabilia reserves the right to bid on behalf of the seller as per Nevada Revised Statute.

Now if AMI sold on eBay, their account would be terminated for shill bidding.

If you leave a maximum bid with these people, well, live and learn.

[MichaelofSF]

Re: American Memorabilia: Ethics

I was bidding on an item in the American Memorabilia auction last night. I placed a few bids but kept getting auto outbid. I decided that the item probably had a "reserve bid" so I stopped bidding. This morning I checked and the lot disappeared from the auction results. This thread probably saved me some money by not bidding against myself/reserve. Thanks forum members

[lund6771]

Re: American Memorabilia: Ethics

Has anyone heard news about the FBI investigation into AMI lately?

[trsent]

Re: American Memorabilia: Ethics

Has anyone heard news about the FBI investigation into AMI lately?

Was there every any news about the FBI investigating AMI? I heard that members of Mastro were questioned. Was there any press into AMI being questioned?

[lund6771]

Re: American Memorabilia: Ethics

in the "subpeonas" thread in Game Used Discussion...(Did I spell that right?)....there was an article in some paper that someone qouted that AMI and Mastro were being investigated....now that I look back at the thread, I can't see ithe post with that article anymore...

anyone else remember that, or have any more info?

[trsent]

Re: American Memorabilia: Ethics

in the "subpoenas" thread in Game Used Discussion...(Did I spell that right?)....there was an article in some paper that someone quoted that AMI and Mastro were being investigated....now that I look back at the thread, I can't see the post with that article anymore...

anyone else remember that, or have any more info?

It may have been a Michael O'Keefe article from one of the New York newspapers. He generally writes more about the sports memorabilia industry than any other member of the press. I do not remember them being mentioned, but I would like to know if they were in fact involved.

I had my spell checker correct your spelling in the quoted post above for you!