I agree that the appearance of Deep Pockets tends to attract more attention, 
both good and bad, so the fact that Heritage is nearly 250X the size of Bruce's 
little operation (this year alone) means they have a much bigger target on 
their back.

While Grey certainly can't be expected to police the entirety of Heritage and 
it's departments, I believe it speaks volumes that in the seven years they have 
been dealing posters they have already nearly equaled Bruce's twenty years 
worth of sales but I have never heard of a single lawsuit or threat of one, nor 
have I heard of them not paying a consignor nor any other complaints (perhaps 
aside from their "outrageous" buyer's premium,  or the occasional 
misdescription just like Bruce, Cinemasterpieces or any other volume seller is 
apt to do).

Despite Bruce's constant attacks on Heritage, when Bruce wanted to see an 
example of one of the fake Universal Horror posters, Grey immediately stepped 
up and not only provided him with multiple examples, he even declined Bruce's 
$100 "bounty" for them.

It is also interesting that in the article Bruce posted, Heritage is taking the 
proactive approach of refunding customers and going after the bad guys 
themselves, NOT telling their customers that they don't have any liability for 
the fakes.  So I guess we can definitely wipe Heritage off the list of auction 
houses that Bruce has been hinting do this practice.  Now if only he would 
finally tell us who that auction house (or houses) is, so that we can avoid 
them in the future. I guess fear tactics work better when there are multiple 
nameless targets or "everyone else but me" rather than naming any specifics.

  ----- Original Message ----- 
  From: Bruce Hershenson 
  To: [email protected] 
  Sent: Sunday, September 20, 2009 3:49 PM
  Subject: Re: [MOPO] Big auction houses normal or not normal?


  I only do $3 million a year which is a pittance compared to the $700 million 
Heritage does (but is that with or without N.P. Gresham's purchases?), but in 
20 years I have never had a lawsuit or court case, either against me or 
initiated by me.

  I wonder if that means I am doing something wrong? Maybe if I want to become 
one of the "big boys" I need to change the way I do business?

  Bruce


  On Sun, Sep 20, 2009 at 2:43 PM, Simon Oram <[email protected]> wrote:

    I was just wondering is it normal for big auction houses to have multiple 
lawsuits or court cases going on at the same time - is it also part of the 
normal days work at the big houses to be accusing and have accusers?

    Simon
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