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Spot Cash Cutler runs a fake auction racket. Luring unsuspecting customers inside the store with a phony good deal, he then sells them as much as he can, running the prices up through the use of shills. He meets his match in Millicent Clark, a well-to-do woman who recognizes a buckle as a genuine antique, buys it for fifty dollars and sells it to a museum for five thousand dollars. When Spot Cash reads about the sale in the newspaper, he demands his cut from Millicent. She laughs at him, suggesting that he is wasting his time in the poorer section of town when he could be selling in a classier store on Broadway. Taking her advice, Spot Cash moves his operation along with his staff of three stooges and his secretary, Barbara, who is in love with him. Spot Cash, however, is infatuated with Millicent, who plans to use him for her own purposes. She is in love with Peter Van Gruen, an upper class New Yorker who has lost his inheritance. Millicent asks Spot Cash to auction off the contents of Peter's house, explaining that instead of actually selling heirlooms, they will sell fakes. Although Barbara warns him that deceit on this level could be dangerous, Spot Cash agrees to the plan. The auction goes very well, and Monk, one of Spot Cash's assistants, collects the money in a trunk in a locked room. Not realizing that the trunk contains the proceeds of the sale, Spot Cash auctions it along with the rest of the furnishings. As soon as Millicent learns what happened, she finds the trunk, and before Spot Cash can react, she and Peter take the money and sail for Europe. Realizing that he was outclassed, Spot Cash notifies the police of the theft, marries Barbara and returns to his old neighborhood.