Mastro Auctions, the largest sports memorabilia auction house, has closed amid an FBI fraud investigation. Three Mastro executives have purchased the company’s assets and will launch a new company called Legendary Auctions. Part of the investigation by law enforcement is focused on charges of “shill bidding”. [Read more…]
Remarketing Associates, Inc. is holding a 2-day auction on October 3rd and 4th in Los Angeles, selling what they describe as over 1,000 lots from an unidentified “Major Studio Prop House Collection”. Bidding is also available online at Proxibid.com. [Read more…]
eBay announced earlier this year that they would be dropping their eBay Live Auctions business on December 31, 2008 (see eBay Live Auction Format Being Retired at End of 2008). The “Live Auction” format differs from eBay’s traditional business model of scheduled, “online-only” auctions, and typically (as it relates to original props, wardrobe, and memorabilia auctions from movies and television) provides collectors the ability to bid on items auctioned “live” over the Internet, in real time, in lieu of being present at the actual auction event with people bidding in person, with the auctioneer recognizing “floor” bids, telephone bids, absentee bids, and online bids. It appears that LiveAuctioneers.com is positioning itself to absorb this business and compete in the live online auction space. [Read more…]
This week a new auction service/event was announced by toy dealer Cloud City Collectibles: [Read more…]