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The E-Sylum: Volume 4, Number 12, March 18, 2001, Article 10


Bob Korver of Heritage writes:

"Your question re anonymity ("what's the big deal?") is embarrassingly simplistic. An auctioneer is a legal agent of the consignor, and must fulfill his legal requirements scrupulously. This is exactly why it MUST take a court order."

Another take on the subject is provided by Mark Borckardt of Bowers & Merena Galleries, who writes:

"In response to Karl Moulton's discussion of consignors to numismatic auctions, there are many times when consignors request to remain anonymous: In fact, probably 90% of all consignors specifically request to remain anonymous.

A case in point is the "Pennsylvania Cabinet" which we sold over the last several years. We felt it was important to provide some reference to this particular collection, and in fact identified all of the coins in the various sales from this collection. The consignor was the widow of a very well known collector from the state, and she specifically requested to remain anonymous.

Her reason was primarily that her late husband would not have wanted any specific notoriety from the sale of this collection. She did pay taxes on all proceeds and there was never any question of title. Some consignors, however, are delighted with the thought of seeing their name on the cover of an auction catalog.

The question of title is certainly interesting: Our standard auction contract has a specific clause in which the consignor warrants good title to all items being sold. Thus, cooperation with law enforcement would be a given should any question arise. This is particularly important with the on-going ANS vs. Sheldon/Naftzger situation."

Wayne Homren, Editor

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