Posted By:
Corey R. ShanusPeter,
Not saying it is easy though I can say this. Auction houses are making considerable sums from the sales of slabbed graded cards. In my view a statistically significant percentage of them are altered, and I hardly feel I am alone in this view. In time the s**t will hit the fan and some buyers will discover that what they own are worth substantially less than they paid. They will then look to recoup their losses. If I was running an auction house, I would be hiring legal counsel to advise me whether I should be making additional disclosure and/or undertaking additional measures to safeguard my company from potential exposure. Bottom line -- I am far from persuaded current disclosures/actions (or lack thereof) will provide the necessary legal safeguard. Perhaps I am wrong. I feel reasonably confident, though, one way or the other we will eventually find out.
EDITED to add my name