Quote:
Originally Posted by doug.goodman
And sometimes nobody cares when it is proven...
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An excellent point. From what I understand, most of the major auction houses have some skeletons in the closet, yet it doesn’t seem to have slowed them down much. Naturally, not all of them, but enough that it surprised me.
On the flip side, I can think of a few scandals that did have an impact, and there are probably others out there as well. PWCC is no longer with us. Beckett grading has dropped off pretty dramatically. A few old time grading companies no longer exist, at least in part due to scandals. So it’s not as if there are zero examples of bad actors being punished by the market.
Plus didn’t Moser and friends end up in jail for a bit? Maybe I’ve got the wrong name…