Quote:
Originally Posted by barrysloate
The issue wasn't that he was selling overpriced cards, it's that the cards were essentially worthless. If you want to pay $100 for a $50 card, that's fine and it's certainly not unusual. But would anybody want to pay $50 for cards that were worth pennies? I don't think anybody would say that is a fair transaction.
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Why were they worth pennies? If people were paying $100 for the cards than it seems like they were worth $100 at the time. If he was shill bidding or altering the cards to get them into higher graded holders your argument would have more merit. We have enough garbage running auction houses that perhaps before we go after the guys who simply engage in massive puffery we should focus on the guys who break federal and state laws while running their auctions. By the way, I'm not certain the Shamwow is worth $19.99 either -- but if someone is willing to pay for it because the guy hawking them is persuasive then so be it.
Oh and a disclaimer: I don't know anyone associated with Goldin Auctions, I've never consigned with him, partnered with him, or given him cards and watched with delight as he shill bid the cards through the stratosphere.