1st RED one in ebay???

[Manolo S. Navazo]

watch out :cold:

http://cgi.ebay.com/RED-ONE-4K-Digital-Cinema-Camera_W0QQitemZ130155077091QQihZ003QQcategoryZ122 611QQssPageNameZWDVWQQrdZ1QQcmdZViewItem

[Obin Olson]

I really don't get it. why sell? why on ebay?

[Manolo S. Navazo]

I really don't get it. why sell? why on ebay?

i only found it, i am not the offerer

[David Battistella]

I am surprised this happened this quickly. This camera hasn't shipped.

What does this mean with regard to warranty, ect. Is it transferable?

[Chris Forbes]

I belive It has been stated camera warranty is only original owner.

[chuck colburn]

Mayby whoever it is just wants to make some money. Seeing as how it's in L.A. Jake and I would be availble to secure the exchange of monies for product. I recommend doing it behind a local Dennys as Jake likes hanging out near the exhaust fan coming off the grill line, and it keeps him in an "exicted state".

[jbeale]

It says "...will ship in the 3rd week of November" which might also benefit from a disclaimer like a "forward looking statement".

That ebay account has had 0 sales in the last 12 months. I'm just sayin'.

[Pol Turrents]

note that the seller doesn't have yet the camera:


Please note that the camera will ship in the third week of November.

but also says:

The camera will have only 10 hours of shooting time on it.

[Stephen Williams]

Hi,

I think it's Andrew C's camera
http://www.reduser.net/forum/showthread.php?t=4715

Stephen

[donatello b]

"$2000 refundable deposit (minus $500 cancelation fee) must be paid within 48 hours of the auction's end."

"Please note that the camera will ship in the third week of November. The rest of the payment will be due before shipment by Money Order, Cashier's Check, Personal/Business Check (funds must clear first). "

in one way it sort of sounds like????? RED ships the camera 3rd week in Nov to original buyer and that BUYER wants the highest ebay bidder to pay for it before Red ships it = the ebay bidder is paying for the camera - the original buyer is using it - then ships it to ebay buyer when finished ...

[Matt Sconce]

Sounds like a MASSIVE SCAM!

0 sales...money upfront...camera will come later........SCAM :angry03:

[Frank Mirbach]

Scam. Definitly.

[Rick Darge]

Your moms are scams!

Oh snap!

[albert rudnicki]

It makes me wanna puke
The innocents is over...

Albert

[Cüneyt Kaya]

something is really weird

[Roberto B]

Your moms are scams!

Oh snap!you're wrong rickie.. the daddies can be.. not the moms..

your days are over fanboys.. the elitist reservation owners are over.. old england is dying

http://www.mp3lyrics.org/w/waterboys/old-england/

red is human as everything else.. for sale in ebay.. cool

long live to democracy..

[Kyle Mallory]

It sounds like he's buying the camera(s) for a production and won't have need of it after it's finished, and possibly needs the funds elsewhere (ala, Robert Rodriguez's "Rebel without a Crew").

No harm in that.

[Martin Ludwig]

makes absolutely no sense

[Andrew Kimery]

makes absolutely no sense

Selling something for profit doesn't make sense?


-A

[PaulClements]

He ought to post a picture of the 'R' he received as an early reservationist as proof of purchase really. I don't see why not include his reservation number as well so it could be checked by the buyer with Red HQ. It'd certainly lessen the belief that it's a scam.

Paul

[Simon Blackledge]

Idiot.. either way..

Scam=idiot

True reserved= idiot for selling..

either way..

man!

[Stephen Williams]

If people here think it's a scam thats good, then I will be the only bidder!

Stephen

[albert rudnicki]

I have seen somebody posting the same offer here at reduser.

[donatello b]

IMO - this is simply the highest form of Capitalism !!!!
if one can sell a item before one has bought the item ( they call that shorting over at the stock exchange & it is done every day) ... make a profit .. plus then use that item ... i think most over on wall street would call this creative financing !!

[Blayne Gorum]

Anybody interested could just email and ask for a reservation number. Since the guy is allowing for a local pickup, it is conceivable that he would allow someone to meet him and verify his bona fides.

That said, who didn't think this would happen? There are people who are buying to have a camera to sell. Since there are literally thousands of people who want one and won't get it for months, this makes a lot of sense.

Sorry if somebody had his bubble burst. ;)

[Tom Lowe]

It's got to be someone here! Fess up whoever it is!!! :)

[richard peterson]

i don't think its a scam, he has photos of the camera. Think before you post.

[Chris Kenny]

IMO, if this guy bought the camera with the primary intention of selling it off for a profit, that's a little screwy. It reduces the number of cameras available to people who actually want the thing for something useful (or forces them to pay more).

On the other hand, if he bought it with the intention of, say, using it for one project and then selling it off to get his money back (maybe a bit extra) on the grounds that this will save money on rental fees... that sort of shenanigan is practically a tradition in the indie film world. People have done much crazier things to get their movies made.

(This is assuming the auction isn't just a scam, of course.)

[Dan Blanchett]

It's easy enough to find out if this is legit. Just contact "Andrew C" and ask for proof of reservation, then contact RED for verification. If he is on the up and up, he won't balk. If he doesn't respond, then buyer beware.

[grandpa it burns]

I'm not getting my camera until next year at best, with my high number do you guys think it makes sense for me to go for this offer? I could shooting RED a whole year earlier. The price is good too, maybe I give the guy an email?

[Clayton Harper]

i don't think its a scam, he has photos of the camera. Think before you post.

Um, those pictures are of pre-production cameras that he downloaded from this message board.

[Simon Blackledge]

i don't think its a scam, as photos of the camera. Think before you post.

He hasnt even taken delivery yet. Photos are easy.

[PaulClements]

If people here think it's a scam thats good, then I will be the only bidder!

Stephen

So you're looking to buy one early are you Stephen? You can have mine for £17500 if you like... mates rates :devil::) hehe

Paul!

[Joel Kaye]

I think it's real. If you got an early number but don't have the money to buy RED this makes perfect sense. Get someone else to pay for your camera, use it for a week and then give them the camera.

Using eBay can drive up the price on something in demand. yep. creative capitalism.

[John V]

Auctioning something that he does not have? Might be some legal issues wiuth that?

[Jeff Kilgroe]

I'm 99% sure this is Andrew C's camera as Stephen pointed out...

I'm not sure what's up with the camera exactly, I PM'd him with a few questions the other day as I was interested. However, he failed to answer a few of my direct questions and just threw out the $2000 deposit to secure the camera, which I think is a bunch of BS. And now he just goes and lists it on eBay, regardless of who he's been talking to elsewhere. Something doesn't smell right to me. ...Buyer beware for sure.

[Spike Baumann]

Fo'Sho'

[SalaTar]

HEHE Best rental in the world...
Use it a few and pass cost on...love the American way

[Teague Kennedy]

Guys, in a year there will be thousands of Reds in the world and many will be for sale at any given time. Why is this a big deal? I think the "he can't do that!" attitude is a little weird. It is not crack cocaine. If a profit can be made, crap will be sold. That's a good thing. It put the Red here in the first place.

[SalaTar]

Guys, in a year there will be thousands of Reds in the world and many will be for sale at any given time. Why is this a big deal? I think the "he can't do that!" attitude is a little weird. It is not crack cocaine. If a profit can be made, crap will be sold. That's a good thing. It put the Red here in the first place.

RED Hype abounds, but users freak when the Hype can turn a profit, after all RED will make a few bucks.

Will people bid for it: yes
Will they get it sooner than say res holder 1038 :yes
Will they be able to use it:yes
Will they complain about it being used for a weekend.....NO

[Greg Syverson]

I would be willing to pay cash for a RED camera to have it for the start of next summer wildlife shooting. So please if anyone down the road does not like what they got or have a financial hardship, keep me in mind.:shiftyph34r:

this post depends of a couple things:

1: I dont get caught robbing a bank
2: I win the lottery
3: I sell my new truck
4: My house sells in the next couple months
5: My girlfriend loves me enough to buy it for me (what does she need her Porche for anyways)

[Andrew C]

Auctioning something that he does not have? Might be some legal issues wiuth that?

Yep, maybe or maybe not... But you thought would say something anyways... Right?

[Andrew C]

Idiot.. either way..

Scam=idiot

True reserved= idiot for selling..

either way..

man!

Let set the time and place so you can say in my face, fool! :)

[Andrew C]

IMO - this is simply the highest form of Capitalism !!!!
if one can sell a item before one has bought the item ( they call that shorting over at the stock exchange & it is done every day) ... make a profit .. plus then use that item ... i think most over on wall street would call this creative financing !!

Dude, you're making a lot of assumptions here...
The listing states "ships in the third week of November", it does not say
it "ships by Red"...

As to your stockmarket talk... Even if you buy shares with T+3 reg., you can sell them before taking actual delivery... So, long or short same analogy...

[Andrew C]

Um, those pictures are of pre-production cameras that he downloaded from this message board.

That's right! Well, at least we did not "steal" those test footage pics :)
This kindergarten is hilarious!

[Andrew C]

It says "...will ship in the 3rd week of November" which might also benefit from a disclaimer like a "forward looking statement".

That ebay account has had 0 sales in the last 12 months. I'm just sayin'.

That should change as soon as we sell a few Reds on there...
Get a life, seriously! :)

I would really appreciate if some of you would hold back with the insults a little bit...

[IAN SUN]

So Andrew, what is your reservation number?

[Andrew C]

So Andrew, what is your reservation number?

I only share my Social Security number if you have money to lend :)

[ZzzZZz...]

camera is buggy... best thing to do is to get rid of it after the shoot and have a nice new copy with fast boot and all the fixes.. and a small revenue from the hype.

[IAN SUN]

Seriously Andrew, if you are selling the camera and accessories at the price you listed, I and I'm sure others are very interested. I need a RED asap.
It is a question of confidence, so please come in the clear about this. What is the reservation number of the camera?

[Andrew C]

There's been a lot of legal talk... So, I thought I would add my 2 cents...

"In law, defamation is the communication of a statement that makes a false claim, expressly stated or implied to be factual, that may harm the reputation of an individual, business, product, group, government or nation. Most jurisdictions allow legal actions, civil and/or criminal, to deter various kinds of defamation including libel..."

[IAN SUN]

mmmm.... interesting response.

[Andrew C]

mmmm.... interesting response.

Not as interesting as some of the insults...

[Teague Kennedy]

He probably doesn't want to share the number because you guys have put the fear of God in him that his camera will be snatched away by the "re-sell" police at Red.

[Andrew C]

He probably doesn't want to share the number because you guys have put the fear of God in him that his camera will be snatched away by the "re-sell" police at Red.

Right on!
By the way, was one of the prototypes called "Stalin" or "Lenin"? :)
Or were there only "Boris" and "Natasha"?
KGB is on my ass now...

[donatello b]

lets go back and start over ....

i think we should all sit back & relax ... lets make this a converstaion as if we all all having tea together

from what i gather ...seems Andrew is buying a RED to shoot for approx 10 days ... after that he is selling it .. this happens all the time in business -buy item - sell it - put the $$ back into the business - some times you loose $- sometime you make $on sale ... for some the RED is just business .. for many here it is much more ..

[Andrew C]

lets go back to and start over ....

i think we should all sit back & relax ... lets make this a converstaion as if we all all having tea together

from what i gather ...seems Andrew is buying a RED to shoot for approx 10 days ... after that he is selling it .. this happens all the time in business -buy item - sell it - put the $$ back into the business - some times you loose $- sometime you make $on sale ... for some the RED is just business .. for many here it is much more ..

Well, that makes sense now... And it makes even more sense to buy when you know that you should not have problems re-selling it close to retail and may have potential problems renting equipment on time considering it's so new... And speaking of new, I do like the idea of working on new equipment... It's just me. Shoot me. Actually to share a little secret...
Another project is going to be shoot on Arri 416... And guess what!? It will probably end up being new too and may be some of you would want to buy it once we're done :) As it stands right now not many rental houses have that one either...

[Andrew C]

Speaking of Ebay... While I was spending some time on here addressing citizens' concerns, I missed a listing I was watching on Ebay for a DVD of "Little Children"... It just expired. I hear it's a good flick... Kind of ironic... Even though I like to buy my cameras new, I tend to buy/rent used DVDs... Go figure :)

[Andrew C]

All right. Since I've been going at a pretty brisk pace with my posts here... I would like to find out who do I have to kill in order to join the Red Party Politburo? Is 1000 posts enough... Is it quality or quantity that counts? I am def. not good at the former. Then again I tend to hate spammers... What a predicament... Well, maybe we can all discuss the new footage once it's posted. Good night and good luck!

[Mark B.]

Well, I'll have a RedOne to sell, hopefully shipping in December, and it's going to be in new condition never used. I was going to post it for sale later this month, but I thought I might as well mention it right now, since we're on the subject of cameras for sale.

I'm going to try auctioning it at my personal website. I'll post the info once I get the website up and functioning.

Mark
#728

[jbeale]

That should change as soon as we sell a few Reds on there...
Get a life, seriously! :)

I would really appreciate if some of you would hold back with the insults a little bit...
I intended no insult to you personally. High-value and limited-availability items, sold at very good prices from an ebay account with no recent sales activity, using photos from another website, is something that people are usually cautious about, that was my point. Many of the early Red reservation holders have been very active on Reduser for many months now, and have gotten to know each other online, if not in person. Your offer as a new user here comes as quite a surprise.

It is true that I do not know anything about you beyond what has been posted here & on ebay. Your business is yours to conduct as you see fit. I have had an unfortunate experience on ebay before (which had nothing to do with you) so perhaps I don't give people as much benefit of the doubt as they should have.

[Curran Giddens]

Well, I'll have a RedOne to sell, hopefully shipping in December, and it's going to be in new condition never used. I was going to post it for sale later this month, but I thought I might as well mention it right now, since we're on the subject of cameras for sale.

I'm going to try auctioning it at my personal website. I'll post the info once I get the website up and functioning.

Mark
#728

Hmm.... sounds like a scam!




just kidding. That serial number is all that is needed to convince people that it is legit.

[IAN SUN]

Well, I'll have a RedOne to sell, hopefully shipping in December, and it's going to be in new condition never used. I was going to post it for sale later this month, but I thought I might as well mention it right now, since we're on the subject of cameras for sale.

I'm going to try auctioning it at my personal website. I'll post the info once I get the website up and functioning.

Mark
#728

Thats the ticket Mark, straight and up front.
I don't hear anyone baying for your head, or a RED horde gathering with pitch forks a ready.

[Andrew C]

Thats the ticket Mark, straight and up front.
I don't hear anyone baying for your head, or a RED horde gathering with pitch forks a ready.

You have not given it enough time! I was first in line to have my cherry popped... And how much more "straight and up front" do you think I should have been??? I stated what, when and for how much for I was willing to sell something... Sorry, I should have made some "friends" on here first.
Thanks for freaking hazing me!!!

[Mark Thorpe]

You have not given it enough time! I was first in line to have my cherry popped... And how much more "straight and up front" do you think I should have been??? I stated what, when and for how much for I was willing to sell something... Sorry, I should have made some "friends" on here first.
Thanks for freaking hazing me!!!
Hmmmm, Serial Number maybe.....I dunno, just a guess? :pinch:

Sorry you got blasted.
Mark.

[Mark B.]

I feel for you AndrewC. Sometimes it's just luck of the draw who pounces on who. Although the pounces on this particular thread seem a bit more like playful badgering, guess it depends on where you're standing when it goes down. But, if it's any consolation, by getting potential buyers talking you now know what they're looking for in the auction process. Namely, to deal with someone who is a safe person to deal with. .. you should get a serial numbered titanium 'R' picture up on your eBay site as quickly as possible so that auction visitors can recognize that your auction is for real.

[klas]

And you'd sure get more bidders if you did...

[Andrew C]

Hmmmm, Serial Number maybe.....I dunno, just a guess? :pinch:

Sorry you got blasted.
Mark.

Let me just make something clear... I don't owe anything to anyone on here. And I find it quite inappropriate to be forced to discuss a private sale on this public forum. And yes, I was called out with insults and innuendo. This thread would really be funny if it weren't so sad. And it is very immature and unprofessional at the very least. And the fact that some of you still find the subject matter amusing is very telling indeed...

[Martin Drew]

You have not given it enough time! I was first in line to have my cherry popped... And how much more "straight and up front" do you think I should have been??? I stated what, when and for how much for I was willing to sell something... Sorry, I should have made some "friends" on here first.
Thanks for freaking hazing me!!!

You should chill a bit Andrew. This is a very good natured forum generally, I think any doubts expressed here are not unreasonable even if they may have been voiced strongly. Your reactions could come over a bit paranoid and confrontational.

There is no need to ratchet up a thousand posts to get accepted, I am always impressed by how welcoming members are on this forum. Don't look for the worst interpretation of every post.

Go over to the corner and smoke a bit of this... better?

M

[Mark Thorpe]

Andrew, I was offering support. Nice reaction.

Later.

[Andrew C]

And you'd sure get more bidders if you did...

I understand, but I just can't do this at this time for a very good reason. And no, it has nothing to do with me being a scam artist... And honestly, I don't make a living selling stuff on Ebay. I have a unique situation here. If someone does not trust me, that's fine. I am sure those kinds of things happen online all the time. Sometimes I feel funny about buying stuff from people, including online. I just tend to move on... Instead of bad mouthing someone I have not even met...

[Andrew C]

Andrew, I was offering support. Nice reaction.

Later.

My comment was general in nature (ref: sharing private information) and not directed at you... I did read "sorry you got blasted".

[Andrew C]

There is no need to ratchet up a thousand posts to get accepted, I am always impressed by how welcoming members are on this forum. M

Martin,
It took a "thousand" insults (including by PM) for me to start returning favors... I am not looking to be "accepted" on here, but some common courtesy would be nice. Considering the only "wrong deed" I've done was to offer an almost new Red One at a little below retail...

I am probably going to cancel the sale until all of this hype dies down. I have not been this famous since high school. Speaking of which, quite a "clique-ish" environment you have going here...

[Martin Drew]

Speaking of which, quite a "clique-ish" environment you have going here...

I don't think so. A non-participant looking in may well interpret it that way but it is not exclusive. New posters are always welcomed and some people on this forum spend a lot of time patiently helping newbies posting the same old questions again and again.

We are all learning here (Red included) so we spend a lot of time sharing information, thoughts and opinions. Red have used this input and feedback to refine the design of the camera so it is all very worthwhile. We all understand that what we are getting into is a bit "cutting-edge" so we need to pool knowledge and build networks to support each other so there is a lot of interaction on and off board between forum members. That may appear "clique-ish" but I don't think that is an accurate assessment.

M

[Andrew C]

That may appear "clique-ish" but I don't think that is an accurate assessment.
M

That term was actually mentioned to me by one of the "senior members" in a PM... I actually agree with that somewhat. One tends to see this type of demeanor or may be even a condescending attitude in technical forums.
I've seen few examples of this on the reduser forum as well. Even to a point when seniority would almost give someone an entitlement to speak on behalf of the company. Well, what can you do? It's probably part of the human nature. After all, our society is built on seniority. Just look at the military, workplace, etc. Granted, I am not trying to paint everyone with the same brush. I have come across some pretty cool people on here too... Well, like I said. Just like high school :)
And I am definitely too old for that…
Peace

[Martin Drew]

Peace

[Curran Giddens]

The problem is this:

By the serial number alone, everyone here can instantly recognize if it is legit or not.
It just seems kind of silly and stubborn not to list the serial number or give an explanation why you won't.
Asking less then purchase price is also kind of strange considering there have been offers here to pay double the purchase price for a RED.

One other note:

If you were expecting delivery on Nov. 10th, the delivery is now expected at the end of November.

[Stephen Williams]

Hi,

Remember that is the starting price. We will see if there are people willing to pay twice the cost price, myself I find that unlikely, but could be wrong.

Stephen

[Martin Drew]

I think the requirement for a $2000 deposit within 48 hours of auction end may skew the price downwards. handing over $2000 on trust to an unknown ebay seller requires quite a leap of faith. It is the kind of amount where I would want to use a reputable escrow service. I suspect that requirement may scare off some potential bidders.

I would expect someone with a camera that they were selling then and there should be able to achieve a higher price.

M

[Curran Giddens]

Hi,

Remember that is the starting price. We will see if there are people willing to pay twice the cost price, myself I find that unlikely, but could be wrong.

Stephen

I know. I was just making a point.

Also, I think the offer was only for serial numbers under 250. Here is the thread with the twice the cost price offers.

http://www.reduser.net/forum/showthread.php?t=4443

[Shawn Nelson]

You should cancel the auction and wait until you actually have possession of the camera. You really don't know when that will be. Check out Jim's signature! My guess is that your camera will slip by at least 30 days more.

So put it up on eBay when you actually have it and can post real pictures. Then you could probably get $25k for it

[donatello b]

anybody selling a item on ebay (or anywhere else ) that does not own the item during bidding and does not state that under the general terms of the sale i believe is breaking the fine print terms on ebay ...

also i would be very careful of local laws on selling an item that one doesn't currently own - guessing you would have to state very clearly in your sale ad that you do not yet have/own the item and very clearly state there could be delays ...
i would look for legal advice on how one should write up the ad and to check if you can even make a sale on a item you do not currently own ??

AND just guessing - if somebody does make a SALE of a camera ( including a option to buy) they have not themselves bought ( as in anybody as of today beyond RED 51) and that would be complete by accepting a deposit ( intent ) would be breaking the terms of your agreement with RED ...

[Dan Blanchett]

Keep in mind that any second-hand buyer of a RED camera (vice direct from RED) will not be covered under RED's standard warranty. They'll have to pay a $500 evaluation fee to have the camera checked out on top of any repairs it may require in the first 12 months. Another consideration.

http://www.red.com/terms

[PaulClements]

Hi,

At the end of the day it's between the seller and buyer. All these do's and don'ts mean nothing in reality unless you are wanting to purchase his camera. If the buyer is willing to put up the money without any proof then that's their prerogative.

My friendly advice to Andrew would be to say something along the lines (In the auction listing) of "My name and reservation number will be given to the winning bidder that can be checked with Red in LA, before handing over the deposit". I suggest this not to satisfy anyone here but because you are likely to gain more confidence in prospective purchasers and therefore get a better price.

You might also want to include a disclaimer about delivery dates, since as others have pointed out the delivery might very well slip.

Good luck.

Paul.

[Stephen Williams]

Hi Guys,

Carry on with the warnings please, then I may get a camera below cost & without a wait!

Stephen

[Mark B.]

I can see the value, for both sides, in putting the camera up for sale before it ships. The seller wants peace of mind that he'll get some money back on his camera, and maybe even needs that money up front in order to buy the camera in the first place. On the other side of the fence, many of the potential buyers have projects that they want to get up and shooting right away. Those projects need to be finalized ahead of time so that all the departments can plan accordingly. Knowing months in advance that they have purchased one of the cameras is a far cry better than bidding on one just before their project is scheduled to start shooting.

[Brent J. Craig]

From http://pages.ebay.com/help/policies/pre-sale.html

"eBay permits Pre-sale listings only on a limited basis. The seller must guarantee that the item will be available for shipping within 30 days from the date of purchase (i.e., the day the listing ends or the date the item is purchased from a store front listing). The seller must also clearly indicate within the listing the fact that the item is a pre-sale item with a delivery date that indicates the item will be shipped by the 30th day from the end date of the listing. Additionally, this text must be no less than the default font size of the eBay Sell-Your-Item form. Currently, the default font size is HTML font size 3."

Andrew, IF you are in possession of the camera, make with the serial number! If you are not, you may want to postpone that listing for a month or two. Remember, if Ebay cancels your listing you lose the fees you paid.

[laguun]

I have talked to Andrew as i am looking to buy earlier cameras than ours.
he was very fair and openly told me that his camera would arrive in november (which is a little bit to late for my need). I and others have told him openly that with a little luck he might get more than the 21.000 which were already offered for his setup.

There will be lots of red cameras on sale in the future.

[Gavin Greenwalt]

This listing (130155077091) has been removed or is no longer available. Please make sure you entered the right item number.

Either this was viewed in the same light as a PS3 Auction (The infamous "if it's not in your hands by the end of the auction your auction gets canned") rule and was shut down by ebay or Andrew decided to try another route.

[Nik Manning]

I didn't see the auction but he was selling it for less than cost? I would have put up a fat azz 50k buy now option. Thrown in a tripod and some mini-dv tapes. :)
Someone wants it bad enough to give you 50K. If I was a reservation holder I would super sell my cam. Then ordered another with more extras baby. So what you have to wait 6 months or so. But I am sure you professionals would have made cash from projects you worked on for 6 months with it so go figure.

[Jeff Kilgroe]

Either this was viewed in the same light as a PS3 Auction (The infamous "if it's not in your hands by the end of the auction your auction gets canned") rule and was shut down by ebay or Andrew decided to try another route.

Good chance it was pulled by eBay as the terms of the sale did violate policy -- no item physically available at auction close, only a deposit due to secure future purchase, etc..