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Traveling Auction Houses Make it to Canada

 

"'The bid kept going up and up, but I couldn't see who was bidding against me," said the buyer of the oriental carpets. "I've been to many other auctions and never seen that.'"

 

Seized Goods AuctionAccording to the Montreal Gazette on Canada.com, two unrelated traveling auctioneers, Heritage Auctioneers and Federal Auction Service, have both been marked with less than reputable sales tactics and multiple complaints made by customers. 

Among some of the higher bid items won at the Dorval Hilton in Montreal: "$30,000 for three rugs, two pairs of earrings and a gold bracelet at a Heritage auction at a downtown Montreal hotel."  Perhaps most unusual were element was the 'inflated' certificate "pegging the value of the merchandise at more than $266,000."

As stated in the article, there were several customers who sought out additional expert insight regarding purchased items which alluded to the items not living up to their 'Certified' values. 

We remind all Rug Rag Readers to consider sources carefully when purchasing an oriental rugSelf-Certifications are rampant locally and online, and should not be a measure for potential investment.  Certified Rug Appraisers should also be carefully considered, as should Independent Reviewers.

 

Sources:

http://www.canada.com/topics/news/world/story.html?id=62c2af58-e8eb-4c5d-ad89-efb4d201e89f

 

 

 

 

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