Net 54 Vintage Baseball Card Forum
Hello to all visitors! Please visit the NEW Net54 board at www.Net54baseball.com You can directly contact the moderator here if you have any questions or comments. Enjoy!
  << Previous Topic | Next Topic >>Top of page | Bottom of page | Main Index  

Legendary Auctions

March 10 2009 at 9:21 PM
Elliot  (Login pro9)

New (old?) auction house. They have purchased the assets of Mastro Auctions and will be carrying on the business.



http://legendaryauctions.com/







    
This message has been edited by pro9 on Mar 10, 2009 9:30 PM


 
 Respond to this message   
AuthorReply

Dan Bretta
(Login slidekellyslide)
Network 54 Moderator

Re: Legendary Auctions

March 10 2009, 9:34 PM 

Interesting. It appears as though the same people are running the show though.

 
 
john
(Login nyyanksghr)

Re: Legendary Auctions

March 10 2009, 10:29 PM 

Glad to see Doug, Mark and Ron Oser with the new company. I've dealt with Ron Oser since the early days when he was running his own auctions.....hard to find a more honest guy in the business.

 
 

leon
(Premier Login leonl)
Forum Owner

the same but not quite

March 10 2009, 10:35 PM 

Even though Bill Mastro had sold his company I believe he still had daily activity at Mastro Auctions and was still very much in the scenes at shows, events and functions, at least from what I saw around the Nationals I have attended. I don't believe he will be affiliated with the new company in any capacity. It does look as though the other 3 top executives have gone to form the new auction house. I know all of them and I wish them the best. Doug has always been a strong supporter of Net54 and it's appreciated. As a matter of fact Doug has already said he would like to speak again this year at the 8th (I think) National Net54 Dinner. best regards

edited to add that one of these threads at the top is enough


    
This message has been edited by leonl on Mar 10, 2009 10:36 PM


 
 

Tim
(Login Abravefan11)

Re: Legendary Auctions

March 10 2009, 10:39 PM 

Just a question so don't shoot the stupid if that's what I am...

Is this a means of providing the same product and service under a new name and escape the speculation of the former company?

 
 
Matt
(Login MSW1)

Re: Legendary Auctions

March 10 2009, 10:42 PM 

Another question - what does this mean for those who have consigned to or bought from Mastro in the last month?




My Trade/Sale Page


 
 

Cat
(Login rose-hof_selig-sob)

Re: Legendary Auctions

March 10 2009, 10:47 PM 

A movement down from 20% BP to 17.5% is a step in the right direction. That really chapped my a$$ even if it didn't affect how much I bid.

 
 

leon
(Premier Login leonl)
Forum Owner

Matt

March 10 2009, 10:58 PM 

You can rest assured all of those matters will be taken care of in a professional manner. I didn't talk to Doug specifically about it but I am sure everything is fine there. I even asked if he could get my latest winnings out soon and he said no problem. I am quite sure no consignor or winning bidder will lose a penny in the transition. The top 3 folks have been in the hobby a long time and are still in it. regards

 
 
Tim Kindler
(Login abbatachio)

What are the facts?

March 10 2009, 11:03 PM 

OK, What is the real story behind all of the possible suspicious stuff that went on with Mastro and the four gentlemen who owned it. I have heard/ read things supposedly where they were being investigated for some kind of wrong doing and that there was suppossedly FEDS on the floor of the National last year investigating them. Before I would ever think badly of them or have a negative feeling about their new company, does anyone really have the facts behind all of these rumors or investigations?

I have bought and sold through Mastro, approximately from 2003 to 2007, but haven't done any business with them since. No particualr reason for this, but nothing has struck my interest. My dealings with them have been positive. I just wish I knew the real story and maybe there IS NO story.

Thanks,
Tim Kindler

 
 

leon
(Premier Login leonl)
Forum Owner

Tim

March 10 2009, 11:09 PM 

All the public, or I, know is that there was/is an investigation going on with Mastro Auctions. I have heard a million rumors about other things but I think that is all we really know for sure. Does anyone else have proof of anything else? regards

 
 

Dan Bretta
(Login slidekellyslide)
Network 54 Moderator

Re: Legendary Auctions

March 10 2009, 11:14 PM 

Well...I have no idea what's going on with Mastro and the feds, but this sale will only help to fuel the rumors.

 
 

Tim
(Login Abravefan11)

Re: Legendary Auctions

March 10 2009, 11:17 PM 

Leon-

I know nothing, have proof of nothing, and don't like to speculate on gossip, just thought the move was interesting and probably a smart one given the current cloud hanging over Mastro.

 
 

leon
(Premier Login leonl)
Forum Owner

here is the press release

March 10 2009, 11:58 PM 

Legendary Auctions Acquires Assets of Mastro Auctions
New Sports and Americana collectibles source to provide enhanced personalized customer service to the hobby
Lansing, IL March 2, 2009 - Legendary Auctions, a newly formed Sports and Americana auction house has announced today it has taken possession of Mastro Auctions assets. Legendary Auctions will preside over a customer base that has been responsible for the sale of over a quarter of a billion in sales of the finest memorabilia since 1996. All current registered bidders in Mastro Auctions will be automatically transferred to Legendary Auctions and the current catalog subscriptions will be honored. The completion of all outstanding Mastro Auctions business will be seamlessly facilitated, processed and completed through Legendary Auctions.

While Legendary Auctions presents an exciting new industry collectibles source for high quality Sports and Americana items, its leadership possesses over 100 years of collecting experience. Well- known and respected hobby veterans, Doug Allen, Mark Theotikos and Ron Oser will head the new auction house at its corporate headquarters in Lansing, IL, as well as its East Coast consignment presence in the Philadelphia area.

Legendary Auctions will hit the ground running and launch its first auction event in April 2009. The sale will include a wide selection of high-end Sports and Americana. According to Doug Allen, CEO of Legendary Auctions, the new firm will focus on mainstream, important Sports and Americana material, and will be built on a foundation of personalized, one-on-one customer service.

"In moving forward, we recognize the need to take stock of what has been so successful in the past," says Allen. "At its core, this has always a relationship driven business. Legendary Auctions will be a customer-centric operation at every level."

Legendary Auctions will ensure that the auction process is pure by guaranteeing that there will be no in-house bidding in their event. "The principals employed by Legendary Auctions will put their own collecting interests aside and concentrate solely on providing opportunities for our customers," said Allen. "There will be no mixing of business and pleasure at Legendary Auctions in terms of our own collecting pursuits. This will really be all about our customers."

Initially, Legendary Auctions plans to conduct five auctions annually. There will be four phone/internet events and one live event during the summer. Bidding in the April 2009 auction will begin on Monday, April 20th and conclude on Wednesday and Thursday April 29th and 30th.

Bill Mastro, who for the past decade has led Mastro Auctions will not be part of Legendary Auctions. The hobby pioneer has acknowledged that for a time he will step away from the hobby. "Circumstances make it clear to me that the business needs to move in a different direction at this time and Legendary Auctions is a positive step that allows everyone to be taken care of, especially our customers who have been so loyal," said Mastro. "I am looking forward to taking some time off for now, and wish Legendary Auctions only the best as they move forward."

Legendary Auctions is still currently accepting high quality consignment material for their April Premier Auction event.

For more information on Legendary Auctions, a schedule of auction events or to consign an item in future auctions, call 708-889-9380 or go to www.legendaryauctions.com.


 
 
Fred C
(Login JudgeDred2)

Re: Legendary Auctions

March 10 2009, 11:59 PM 

Does anyone know who the principles are for Legedary Auctions?

 
 
Fred C
(Login JudgeDred2)

Re: Legendary Auctions

March 11 2009, 12:02 AM 

It seems like Doug and crew wanted to divest themselves of the Mastro name and influence. It's going to be business as usual. I'm willing to guess that they're going to continue to offer lots of nice material.

 
 

Scott Fandango
(Login ScottDango)

hmmm

March 11 2009, 12:02 AM 

very interseting late night press release...


but dont worry, all current transactions will be honored by new company, no worries there...

 
 
jay wolt
(Login qualitycards)

Re: Legendary Auctions

March 11 2009, 12:09 AM 

"It seems like Doug and crew wanted to divest themselves of the Mastro name and influence"

Then why didn't the trio just start their own company fresh?
Why buy out the assets and be affiliated w/ Mastro?

 
 

Jeff Lichtman
(Login calvindog)

Re: Legendary Auctions

March 11 2009, 12:14 AM 

Jay, why start over fresh when you've got a few million dollars worth of consignments left over for Mastro's April auction?


 
 

rand
(Login GoudeyHunt)

WHERE'S Jeff L???

March 11 2009, 12:16 AM 

calling on Jeff.... lets here your perception.

 
 

rand
(Login GoudeyHunt)

just beat me to it

March 11 2009, 12:17 AM 

sounds still sticky to me. i think getting consignments will still be a tough road ahead.

 
 
 
< Previous Page 1 2 3 4 511 Next >
  Respond to this message   
  << Previous Topic | Next Topic >>Top of page | Bottom of page | Main Index