David,
You are correct to a certain degree, but there are people that eBay utilizes to watch over the site to have items removed. If there is a "bogus" Gehrig which comes with an LOA from an "authenticator" which isn't mentioned, pretty much someone who finds fault with that piece can report it to the correct channels (you ever notice how bad autographs mentioned here, go poof!?) and the item will be removed, and the owner will be notified that the piece has authenticity issues.
The only problem is that the rules in place allow a lot to go through, and the process is flawed.
There was a signed #500 club home run (complete) item up a year ago on eBay that was authenticated by "a famously pathetic and crooked forensic" and the item looked like it was signed five minutes ago, all in the same marker. So he had it up at $999. It was removed. The seller than threw it up for $499. REMOVED. The seller removed the name of the authenticator and put it up for $99. REMOVED. Then $.99 with a one-day auction.
I think eBay's policies are stronger as far as disallowing this to happen now, but it just shows you an example of how someone can manipulate and bypass the current rules in place and do their darndest to get away with something they know to be as "crooked" as the seller obviously knew as he went from $999 to $.99, one-day auction.
DanC
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An ignorant person is one who doesn't know what you have just found out---Will Rogers
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