Quote:
Originally Posted by jgmp123
Hauls of Shame Update:
UPDATE (May 1): Experts Uncover More Ruth Fakes in Heritage and REA Auctions; Feds Building Cases Against PSA, Joe Orlando, Steve Grad, Jimmy Spence and Auctioneers
REA and Rob Lifson just withdrew ten autographed lots that Haulsofshame.com and other experts called out as fakes and the auctioneer’s disingenuous explanation that the withdrawal was at the request of its consignor is being widely ridiculed by collectors and dealers throughout the hobby. REA, however, has not removed the alleged photo signed by Babe Ruth to Gary Cooper despite expert Ron Keurajian calling it a fake and Gary Cooper’s own daughter confirming that the photo was never in the possession of her family or the “Cooper Collection” the family archive she curates. Sources indicate that Lifson does not believe that Cooper’s daughter Marie Cooper-Janis confirmed this information for Haulsofshame.com.
http://haulsofshame.com/blog/?p=19877#more-19877 |
So let's assume for the purpose of an intellectual exercise (and I realize its a huge, huge assumption) that PSA/DNA, Spence, REA and Heritage are the subjects of an intense FBI investigation, found guilty of fraud or a similar charge and forced to close up shop. What do you guys think the impact of such a scenario would be on the Hobby (cards, autographs and memorabilia).
Would graded cards and certain graded autographs lose their value? Be difficult to sell? Would overall interest and participation in the Hobby decrease? And if such a scenario came to fruition, what alternative directions for the Hobby might we see?