Posted By:
Bruce Dorskind
Barry
We don't have to spread doom and gloom
CNN, Business Week, The New York Times etc, are far ahead
of us in this arena.
The fact is that the Hobby is certain to face the most difficult
year in its history and with a pending government investigation,
we should be prepared to address the question of what happens
if and when items consigned to a major auction house or items
currently being graded are seized by the government.
In this case where the Auction House takes a long time to pay consignors
the Government could seize the payments for the auction lots before the
consignors have been paid. In this case a consignor would have lost both his/her
consigned card and the money due to him from the auction house.
This may be a worse case scenario but one we will predict will occur
at least once in 2009. The dark clouds preceding the "perfect storm"
are clearly on the horizon.
Best wishes for the New Year!
Bruce Dorskind
America's Toughest Want List