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#21
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Trust No One Double Check Every One
For than 20 years- Trust no one-double check everyone has been our mantra"
We have long believed that most hobby dealers attempt to "buy junk and sell antiques." Of course, crime, scams and shill bidding has existed as long as someone has paid good money for a collectible. We predicted a depression, the collapse of a major auction house and a major drop in the stock market. And now we predict that when the criminal investigations are completed a number of major hobby players will be in trouble and a slew of collector/investors will either stop investing or "dump their collections." There have been several cases in the past when the quick departure of a major collector fostered a significant drop in prices. Regardless of how wealthy someone is, they will not invest millions of dollars on items when the authenticity and auction billing is in question. If the most important grading service falls; the founder of the leading auction house in the hobby goes to jail, and the numerous other auctions which shill are closed,the hobby will face its own Hiroshima. Those are guilty must be severely punished. We must show no mercy. It is time to cleanse the hobby of thieves. We look forward to the day when those who have cheated us are locked away with their hero, Mr. Madoff. |
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