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Vintage Star Wars Collecting
Vintage Collecting Chat
Grading and shill bidding issues that have come up
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<blockquote data-quote="TheJabbaWookie" data-source="post: 513188" data-attributes="member: 9217"><p>The evidence regarding the shill bidding was pretty damning with a large selection of items submitted as evidence clearly showing the 3 accounts involved repeatedly being used to bid item values up. </p><p></p><p>Though a couple of people came to their defence, and said they were great lads and that they were happy with the prices they paid, it was evident that shill bidding had taken place even on the auctions they had won. </p><p></p><p>As I and a number of other people on the thread pointed out, the issue here regardless of whether they were happy with the price is that shill bidding keeps the market artificially high. </p><p></p><p>It must be said that I did not agree with the market value that the guy defending them mentioned, and of course it would be in his interest to say that he was happy with price and grade. After all he'd got a higher grade than it looked like he was entitled to, and should it come to him needing to sell it on, an artificially high market would clearly benefit him too.</p><p></p><p>Worryingly, and as of yet unproven, the practise of awarding a higher grade to a regular customer, as well as being less strict on the awarding of high grades on items with a perceived higher rarity also encourages an artificially high market. </p><p></p><p>The awarding of higher grades to regular customers is obviously an unfair practice and should if proven, be treated seriously and unanimously across the board by the Star Wars Community, regardless of whether you like grading or not (I do not). </p><p></p><p>Equally as important, though was the fact that there were countless examples of items (all be it rarer PBP, POCH and Lili Ledy items) that were no where near the awarded grade regardless of whether you believe grading is subjective or not. </p><p></p><p>One reason put forward for this was that grading companies award higher grades for these type of figures because the original quality of workmanship was not as high, but any lack of consistency in the awarding of grades will no doubt skew the market and encourage price inflation (wow a 90 gold POCH Luke Skywalker I didn't know it was even possible, must be worth £4K :shock: )</p><p></p><p>I would be extremely interested to hear what Steve at UKG has to say on the accusations levelled on the Jabba's post, as well as if there are examples of regular figures receiving preferential grades (all those use as illustrations were perceived rare figures). I will be following with interest.</p></blockquote><p></p>
[QUOTE="TheJabbaWookie, post: 513188, member: 9217"] The evidence regarding the shill bidding was pretty damning with a large selection of items submitted as evidence clearly showing the 3 accounts involved repeatedly being used to bid item values up. Though a couple of people came to their defence, and said they were great lads and that they were happy with the prices they paid, it was evident that shill bidding had taken place even on the auctions they had won. As I and a number of other people on the thread pointed out, the issue here regardless of whether they were happy with the price is that shill bidding keeps the market artificially high. It must be said that I did not agree with the market value that the guy defending them mentioned, and of course it would be in his interest to say that he was happy with price and grade. After all he’d got a higher grade than it looked like he was entitled to, and should it come to him needing to sell it on, an artificially high market would clearly benefit him too. Worryingly, and as of yet unproven, the practise of awarding a higher grade to a regular customer, as well as being less strict on the awarding of high grades on items with a perceived higher rarity also encourages an artificially high market. The awarding of higher grades to regular customers is obviously an unfair practice and should if proven, be treated seriously and unanimously across the board by the Star Wars Community, regardless of whether you like grading or not (I do not). Equally as important, though was the fact that there were countless examples of items (all be it rarer PBP, POCH and Lili Ledy items) that were no where near the awarded grade regardless of whether you believe grading is subjective or not. One reason put forward for this was that grading companies award higher grades for these type of figures because the original quality of workmanship was not as high, but any lack of consistency in the awarding of grades will no doubt skew the market and encourage price inflation (wow a 90 gold POCH Luke Skywalker I didn’t know it was even possible, must be worth £4K :shock: ) I would be extremely interested to hear what Steve at UKG has to say on the accusations levelled on the Jabba’s post, as well as if there are examples of regular figures receiving preferential grades (all those use as illustrations were perceived rare figures). I will be following with interest. [/QUOTE]
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Grading and shill bidding issues that have come up
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