[drc]

'Sold as is' typically applies to condition and working order, not overall identity/authenticity. If a car dealer sells you a used Volkswagon 'as is' and ships you a tricycle, obviously you are legally entitled to your money back. The phrase 'Sold as is' does legally cover some things, but doesn't allow a seller or auctioneer to perform false or deceptive advertising. Tacking the phrase at the bottom of your descriptions won't allow you tell sell forged Babe Ruth baseballs on eBay.

A good example of memorabilia 'as is' is an advertised original antique poster that is still sealed in the original frame and glass. The seller may say he hasn't removed the poster from the frame so he doesn't know and can't guarantee the condition of the edges and back. The 'as is'applies to the unknown condition. If the poster itself turned out to be a modern reprint, the seller would have to give a refund as he advertised it as original.