Dion Goes To The Repo Auction

“This is a tanzinite ring!  It’s so valuable!  So stunning! Tanzanite is going to be extinct after 10 years, so this is a great value!”

The tanzanite ring the auctioneer held up was indeed stunning.

At a repossessed luxury items auction I attended over the weekend, there were a lot of stunning jewels, gaudy bronze statues, and signed artwork.

In charge– a man with a thick foreign accent, who suavely described all the items in great detail.  How high they were appraised for.  How cheap you could get them for.

The auction moved at lightening fast speeds.  In one minute, a 40-something carat diamond and sapphire necklace, appraised at 40-thousand-some-odd dollars, sold for less than 10-percent of it’s “value”.

But something seemed off.

Maybe it was the “auction workers”, clad in black t-shirts, who moved antique furniture and bronze lions from the front of the ballroom to the back to be paid for.  After all- these goons managed to drop a table and bang a wood-carved chair into a painting.

The “too-good-to-be-true” radar was bleeping at full speed.

At home, a quick search unearthed DOZENS of blog postings, complaining about this particular auctioneer. Complaining of fake Rolexes being auctioned off.  Accusations the auction company had their license to practice revoked in several states.  Even a posting about the auctioneer having to pay 25-thousand dollars in fines to the Canadian government for shady trading practices.

Now, who knows if this is true or not.

But thank goodness I didn’t bid on the supposed 13-thousand dollar gold Rolex!  Or that tiger painting! Bottom line folks?  Know what you’re bidding on. Inspect everything thoroughly.  Don’t get coerced into buying something on impulse. Even if it’s from a guy who sounds like the brother of Robin Leach.

Until next time,

D3

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