Seized Assets Auctioneers

The jewelry item purchased from one of their vendors was fraudulent. The company did not stand behind their guarantee. Beware!

On more than one occasion I have watched the progress of my bids as "the leading bidder", only to count down to zero and then revert to "160 lots away" or "575 lots away" etc. Not only was I the high bidder when time expired, I was the only person even watching the item (according to them).

I have sent them several emails asking what happened and the only part of any questions I have asked is to inform me they don't have reserves.

They have provided no answer to what the hell's going on? Don't think in your wildest dreams that you will make any purchases at this so-called auction sit that will be worth your time and trouble.

Bid on a poster reproduction estimated by SAA in Live Auctioneers between USD400 and USD600. In view of the estimate-clearly displayed on the auction page, in good faith, I expected poster to have some sort of value...

Naively maybe, because they are called Seized Asset Auctioneers, I also expected piece to be of a certain age...

Well, the poster I received is of shockingly poor quality (e. g. the sides look like they have been cut by hand, as lines arent even straight). There is absolutely no way its value is near the SSA estimate!

A quick search online for a giclée print of that size returns a price of USD50 approximately...

I did become suspicious before I received poster though, as it took 2 calendar months to get the piece delivered-apparently the original one got damaged and needed to be replaced...

which makes me think, have these guys even got right to reproduce and sell artwork?

Ah and did I mention I was told the poster would be delivered via UPS but in end it came through US postal services... Which probably explains the fact it took one month + for the poster to arrive - I did bid with another auction house in the meantime and got that other poster in 2 weeks !

So to summarise: the product is of poor quality, the delivery was appallingly slow and the auctioneer is totally dishonest - blatantly lying about the estimate (now for their defence, they T &;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;; C stipulate that their estimate is arbitrary...!).

Of course I might have been unlucky but I would strongly recommend you stay away.

Seized Assets is a FRAUDULENT auction company based in California. First of all, there are NO "seized " assets. It is their own merchandize.

Google their name and the word "fraud" and you will see how many complaints there are against them. There are several that follow this practice with similar names all based in California. Government Auctions is another. Of course, they are not related to the government nor seized.

They have several GIA appraisers on their payroll who create these outrageously inflated appraisals for their jewelry and gem auctions.

I had a gemologist look at the items from one of their auctions and he just had to laugh. He said they were "COMMERCIAL" grade stones and had no retail value. He explained they use stones with such a low grades, The infill diamonds are the diamond dust leftovers from the cut stones. he said it was at the level of "costume" jewelry.

Google them and you will see how many people have been deceived by this junk jewelry, when they take it to a real jewelry company.

By the way, they also use shills to bid up the prices. Most times you are bidding against their own people.

Someone should report them to the (DBPR) Department of Business and Professional Regulations to have them shut down. They are definitely committing fraud.

I hope this helps. Try not to buy jewelry or gems online. You will likely run across an unscrupulous company like this one.