Quote:
Originally Posted by Runscott
I don't see how PSA can be ordered to compensate the current owner for monetary loss, when he hasn't yet lost any money, and there's really no way with a 1-of-a-kind item like this, that you can assume he would lose money if he sold it. But I wouldn't be too surprised if he pursues some sort of settlement with PSA, leaving the card holdered as-is.
Everyone who bought it, or was a serious player, knew it was trimmed, and that fact didn't seem to affect value. Perhaps we should assume that it is only selling for as LOW as it has been, because everyone knew it was trimmed. If it had been a legit card, maybe it would sell for double...triple what it has (I don't really believe this, but it's as valid as assuming the value will drop to some unknown number if it's 'officially' deemed to be trimmed).
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You make some interesting points. First off, PSA guarantees their grades, so they have to honor that. See below:
http://www.psacard.com/about/financial_guarantee.chtml
As for buyer, to claim, "[Kendrick] knew it was trimmed" is a bit overstated. It's a safe bet he was aware of the rumors, but to say he
knew the card was trimmed is a bit of a reach and to compound the problem can PSA prove that? Even if PSA argued that "Everyone in the hobby knew the Wagner was trimmed", such an argument would be a self-incriminating, public relations nightmare and would contradict what they've published about the card for the past two decades.
It's going to be real interesting how all of this plays out.