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Wednesday January 16th, 2013

Posted at 11:00am

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The OPP Anti-Rackets Branch has sent out a warning about the potential risks involved with purchasing items from travelling auction companies.

OPP warn that the public, when possible, should always confirm the accuracy and authenticity of appraisals accompanying high-priced items offered at travelling auctions before a purchase is made.

They saw that would-be purchasers should also ensure that they have read and understood all of the fine print information associated with the auction company before they buy any item. There may be details in ‘the fine print’ that state the appraisal amounts are replacement amounts only for insurance purposes and that this information should not be relied upon as an accurate current value of the item. There may also be policies that disallow refunds or returns of these items.

Police ask that if you suspect you or someone you know has been a victim of fraudulent activities, contact your local police service or CrimeStoppers at 1-800-222-8477 (TIPS).

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