Quote:
Originally Posted by Snowman
How do you determine whether a fact is material or not though? And material to what? Material to the value of the item in question? I think this is where the two camps diverge. We have one camp (generally the long-time purist-leaning collectors) who say that an alteration that cannot be detected devalues a card, despite there being no evidence of it on the card itself, and then we have the other camp (generally the younger and more carefree collectors) who say that there is no devaluation of the card because "what difference does it make if something has been altered when that alteration is undetectable?"
We are all free to decide which camp we belong to, but only one of these two camps is right with respect to whether or not a card has lost value. Either the card has indeed been devalued, or it hasn't. And what ultimately determines the value of a card is the open market. And the market bases its values on what can be observed. PSA doesn't care what story you attach to a card. Sticky notes reading "my grandpa said he pulled this card straight from the pack and kept it in a book untouched and unaltered for 67 years" and "the guy I bought this from said it was trimmed" both hold no weight at all in their determination of the card, and the market has clearly decided that it relies on PSA/SGCs decisions to determine value.
If the card hasn't actually lost any value on the open market, then whatever has been done to the card couldn't possibly be a material fact with respect to its valuation when sold.
I think you have zero chance of getting a jury to convict someone based on your arguments.
Try this... Go explain the trimming scandal to your non-collector friends. Tell them about how some hobbyists will buy cards that are oversized, then trim them down to the correct size in a way that is undetectable, then submit them for grading, then resell them on the open market and ask those non-hobby friends if they think that's a crime. They will all laugh at you. I asked about 20 people a few years back when this first came up because I was trying to get people to bet against me on the outcome of the FBI investigation. I wanted to see how a potential jury of non collectors might view the situation. Every single one of them said it wasn't a crime, and several even said things like, "sounds smart to me" or just laughed at the situation or rolled their eyes at what they saw as old men yelling at clouds. Zero people saw it as fraud.
|
Travis, it’s conceivable to me that Mastro could have gotten squeezed into bringing up what he did to the Wagner it adds to the allure of the whole luster of the government's case I believe his Partner Rob L snitched/cooperated with government against him…headline Major Auction House man not only manipulated auction sales for millions he altered the most prolific and expensive baseball card in hobby history.
I still believe that his admission into trimming the Wagner had some bearing on his conviction, do to concealment, just not nearly as much weight as the shill bidding price manipulation scheme/fraud.’