Mastro Sports Auctions

[TNTtoys]

Re: Mastro Sports Auctions

I received an email last night with "the big news" -- I am assuming that everyone else here received the same note?

[dirtyla2000]

Re: Mastro Sports Auctions

hi guys,the way I understand it , these auction houses have been hosing us for years but god forbid you decide to bid and change your mind,they blackball you! yet,if your items sell but dont get paid for they dont give a crap! Robert Edwards,Mears and I think thats it! the others purposely mislead there stuff for higher sales. its BS.GAME USED UNIVERSE IS NEW AND I HOPE DOESNT FALL INTO THE BS GAME! Mastro just pulled a good old fashion FLIP!

[kingjammy24]

Re: Mastro Sports Auctions

there is no new entity per se. doug allen and crew just shut down one business and opened up another. "legendary" is doug allen's auction house. a leopard doesn't change its spots. it'll be the usual mastro hijinks as usual. same old, same old. just call it "mastro II: electric boogaloo".

of course, the big question is why. anyway, here's one of my favorite parts from their press release:

“The principals employed by Legendary Auctions will put their own collecting interests aside and concentrate solely on providing opportunities for our customers,” said Allen. “There will be no mixing of business and pleasure at Legendary Auctions in terms of our own collecting pursuits. This will really be all about our customers.”

wait a minute wasn't mastro all about that? har har. "no no guys this one will really be about the customers..not like mastro". seriously though what an asinine thing to say. it's like Ford putting out a press release about their new lineup of cars saying "this time we decided to make them good!".

anyway mastro once posted on their website that they weren't dealers and they didn't sell stuff they owned. of course, they did exactly that. so now when doug says that there'll no mixing of business and pleasure in terms of their own collecting pursuits i'll assume that'll be exactly what'll be happening. anyone want to place any bets that "Legendary Auctions" will have a mysterious, unidentified authentication team just like mastro? what does this all really mean? simply that lou's paychecks will have a different name on them.

rudy.

[suicide_squeeze]

Re: Mastro Sports Auctions

Hmmmmm........very interesting.

I find is peculiar that Bill Mastro "wants time off".....so much so his name is now off the company he sold. He loved his biz, was proud of what it grew into. I wonder who or what swayed him from the integrity based company it was into the mess that ultimately has now been the focus of an investigation by the FBI.

There is obviously something else behind all this.

There were obviously decisions made, IMO, that were compromises.....maybe to avoid further investigation....maybe to avoid arrests? Who knows.

Fraud is a tough thing to win in court. One thing is for sure.....The FBI had some serious "Issues" with the company.

Now......they're gone, and the three left to run "Legendary" are starting off by stating what Robert Edwards Auctions has lived off of...."No in house bidding, all about our customers".

It should have always been that way. Shame on whoever was responsible for the processes that took place in these criminally run operations.

I remember laughing out loud when I saw on AMI's site "Let's get back to the good old day of bidding...." and so on, referring to the fact you can no longer place a "Max" bid on their auction items. The FBI shut that crapola down.

They shut it down because the auction house was seeing the max bids on their system, and making the poor souls who placed them pay for it by bidding.....shill bidding....the item right up to that bid JUST BEFORE the max placed by an honest, yet naive bidder.

Pathetic.

[otismalibu]

Re: Mastro Sports Auctions

Does this mean my new Mastro won items from their last auction will have Legendary Auctions Paperwork?

My item arrived today and there was no Legendary Auctions paperwork.

[gingi79]

Re: Mastro Sports Auctions

"The completion of all outstanding Mastro Auctions business will be seamlessly facilitated, processed and completed through Legendary Auctions."

Does this mean my new Mastro won items from their last auction will have Legendary Auctions Paperwork? I'm glad they come with Mears docs as I haven't heard of this company before.

[jppopma]

Re: Mastro Sports Auctions

Or maybe Mastro not wanting his name on the auction house after what it has turned into. It could have been who asked to have them make the change, plus didn't he sell it or somehow change something a while back as well?

[ironmanfan]

Re: Mastro Sports Auctions

http://www.auctionreport.com/

I guess Mastro is now Legenday Auctions?

Very curious in that I'm sure that the new entity does not want to associate it itself with the Mastro name (hmmmmm...could there be further news down the road?).

[lund6771]

Re: Mastro Sports Auctions

http://www.auctionreport.com/

I guess Mastro is now Legenday Auctions?

[trsent]

Re: Mastro Sports Auctions

Here is the reply I received from Troy Kinunen of MEARS:

Joel,

Regarding the jerseys in Mastro Auctions, the majority of them were common jerseys that were purchased with the specific purpose of helping us build the MEARS database. We were looking for common jerseys that we could use to record tagging, patches, styles, etc. Once we had archived the data, we had very little need for them.

Back in June of 2008, Dave Bushing worked out deals with both Hunt Auctions and Mastro Net to auction the jerseys. At that time we did not have an auction house in formation. For whatever reason, Mastro Net chose not to sell them until this year. If they would have been in our possession during the past several months, we would have included them in the MEARSonlineauctions.

In addition, some of our other inventory was committed last year to both Grey Flannel and REA. These items were again committed before the formation of the MEARSonlineauctions.

With plans of moving into the new MEARS showroom and research center, it was thought best to "thin the heard". Even with the mass sales to other auction houses, MEARS is still in possession of nearly 1,000 unlisted game used bats, and 100's of game used jerseys that have not been offered publicly. These items will be offered for sale at our new showroom, MEARS For Sale, and MEARSonlineauctions.

Going forward, you will not be seeing MEARS owned items in other auction houses. MEARS items have done quite well in our own auctions, and those items will only be featured in MEARSonlineauctions.

Regards,

Troy R. Kinunen/MEARS

[otismalibu]

Re: Mastro Sports Auctions

Did MEARS consign their jerseys to Mastro? Did MEARS publish them on their own web site? I never saw it, but that would catch me as odd since I though MEARS and Mastro were not working together since Mastro did not sign their auction house contract.

Jerseys that I'd seen listed in the Mears For Sale section of their website were in the the last Mastro auction.

Check the category view below.

http://mastronet.com/index.cfm?Action=DisplayContent&ContentName=Category%20View

[trsent]

Re: Mastro Sports Auctions

Anyone know why Mears had so many of their jerseys in the last Mastro auction? Why not use their own auction site or just fire sale them from their For Sale section?

Did MEARS consign their jerseys to Mastro? Did MEARS publish them on their own web site? I never saw it, but that would catch me as odd since I though MEARS and Mastro were not working together since Mastro did not sign their auction house contract.

Could the jerseys have already been authenticated by MEARS and then consigned? I have no clue, but I didn't look at the last Mastro auction.

The rumors I have heard deal more with a reorganization of some nature in the Mastro family.

[otismalibu]

Re: Mastro Sports Auctions

Anyone know why Mears had so many of their jerseys in the last Mastro auction? Why not use their own auction site or just fire sale them from their For Sale section?

[encinorick]

Re: Mastro Sports Auctions

Looks like we have a new addition to the Game Used Sports Hall of Shame:

1. AMI
2. Bricol
3. Vintage
4. Historic
5. now Mastro...doesn't surprise me.

Should ebay be included for excessive costs, poor buisness practices, etc.?

[b.heagy]

Re: Mastro Sports Auctions

come on Joel, post some rumors. after all there just rumors until they are found to be true.