Issue With Stamp Purchased From Auction

Exactly, and when they add a 19.25% Buyers Premium on top of the sale price you would think that they would doing their job and describe it correctly. The listing made the stamp sound like it was in pristine condition which is what I will only buy for my collection.

I bet that now a scan of the gum has been provided nobody would pay me $900 for this stamp right? Anyone want to prove me wrong? $900 was the listed reserve price. If I am unsuccessful at the tribunal I will accept $900.

Out of curiosity please post what you would pay for it?

The expertizer has told me that he was only asked to advise if the stamp had been hinged.

Quote: Out of curiosity please post what you would pay for it?

If it has a listed reserve price of $900 I would not even bid on it. Especially with no pic of the back shown I would not bid. I don't trust reserve prices or estimate bids mentioned, some are inflated prices. Real auctions don't have reserve prices its like having a buy it now price there. You can do better with $900 on something else.

;


With all due respect, that is simply not true. In fact MOST "real" auctions have reserve prices. Some choose to state exactly the amount that they are - which I assume is what this auction does, and it is what we did successflly for over 20+ years in our public auctions - or they simply have one but don't reveal what it is.

While I'm sure the laws are different in Australia, here in the US it is actually part of the law in every state but Louisiana that a public auction MUST protect sellers from prices that are unreasonably low so virtually EVERY public auction house in the US has reserved auctions.