Legendary Auctions May Auction

[cbcbcb]

Is Legendary always poor at putting their auctions online? There isn't any information on their website about their May 19-20 auction. Less than 20 days to go and no information is pretty pathetic if you ask me. I have been waiting for awhile for a particular item they will have in their auction and I just keep on waiting.

[perezfan]

Even dating back to the Mastro days, the Catalogs arrived only about 2 weeks prior to the auction's close. I never understood the tight timelines either. I have a couple of consignments in this one, so hope it hits the Internet soon.

Perhaps they were waiting for REA to be done, and we'll see it anytime now...

[Matt]

Seems like bad business to not have it up before REA ended. Unless they don't have anything worth holding your money back from REA to bid on.

[perezfan]

Perhaps you're right, Matt... just theorizing as to why they aren't up yet (with no basis in fact).

[Mr. Mitt]

Their website says that bidding begins on May 17 and the auctions ends over three nights between May 25-27.

[ethicsprof]

i'm just hoping the catalogue has some more pics of the great Conlon Type 1
photos.

best,
barry

[e107collector]

May 2010 Preview is up.

Tony

[barrysloate]

Legendary had a complete set of M110's in their last auction; REA had a complete set that closed two weeks ago; and now Legendary has yet another complete set in the May auction.

Are they still making these things?

[e107collector]

Originally Posted by barrysloate

Legendary had a complete set of M110's in their last auction; REA had a complete set that closed two weeks ago; and now Legendary has yet another complete set in the May auction.

Are they still making these things?

Barry,

I agree with you. They seem to be available in a lot of auctions lately, and most are higher grades.

Tony

[bobbyw8469]

Legendary has an auction!?!?!?! I haven't received ANYTHING in the mail!

[the-illini]

Lot #13 features a lovely fake M101-5 Joe Jackson...

[tedzan]

Legendary Auction link......

http://legendaryauctions.com/catalog.aspx

[calvindog]

Lots of photos, not many cards. Tick, tock.....

[Leon]

Originally Posted by the-illini

Lot #13 features a lovely fake M101-5 Joe Jackson...

Yikes....maybe it can go with the Doyle in the PSA coffee table book?

[barrysloate]

The Jackson does look a little funky.

[Wesley]

Originally Posted by the-illini

Lot #13 features a lovely fake M101-5 Joe Jackson...

That must be so embarrassing. I am shocked that no one at Legendary is able to recognize this as fake.

http://legendaryauctions.com/LotDeta...100&category=1

[Orioles1954]

Wow. Just amazing.

[glchen]

Out of curiosity for us newbies out here, how can you tell the Jackson is a fake? Thanks!

[calvindog]

Not to shill for SGC because I was a collector years before I met Dave Forman, but it is a bit unnerving to see so many 19th century cards in PSA holders. Most of my postwar cards are encased in PSA slabs, but for the prewar stuff I always feel very suspect when the card is not in an SGC holder.

[Wesley]

Originally Posted by glchen

Out of curiosity for us newbies out here, how can you tell the Jackson is a fake? Thanks!

The most obvious way to tell is to look at the space between the photo and the black line surrounding the photo. Real ones have much less space between the photo and the piping than fake ones. In this case, there is a huge gap.

[Anthony S.]

Originally Posted by glchen

Out of curiosity for us newbies out here, how can you tell the Jackson is a fake? Thanks!

Here's a good resource (on this site) about fake M101-5's:

http://net54baseball.com/forum/conte...tingfakes.html

[Anthony S.]

Glchen,

Here's a real M101-5 Jackson(not mine) that sold in the REA Auction in 2008. In addition to the narrower area between the photo and black border, you can see Jackson's entire front foot in this example.

[4815162342]

It looks like the text on the bottom right corner has been erased.

[glchen]

Thanks! That helped a lot.

Gary (slowing absorbing more knowledge on this board)

[e107collector]

Legendary has just withdrawn the fake Jackson.

I can't understand how we could recognize this through images posted on their site, but they can't see this in person.

I also agree that most of their auctions have more memorabilia than vintage cards. Just my two cents.

Tony

[Peter_Spaeth]

Originally Posted by calvindog

Not to shill for SGC because I was a collector years before I met Dave Forman, but it is a bit unnerving to see so many 19th century cards in PSA holders. Most of my postwar cards are encased in PSA slabs, but for the prewar stuff I always feel very suspect when the card is not in an SGC holder.

The concerns run in the other direction too:
17A. Disclosure Notice: The following lots have been consigned to this auction from the personal collection of SGC principal David Forman: 48, 50, 51, 52, 53, 54, 56, 58, 59, 60, 61, 62, 63, 64, 65, 66, 67, 68, 69, 70, 71, 72, 74, 75, 76, 77, 78, 79, 80, 81, 82, 84, 85, 86, 87, 88, 89, 90, 91, 92, 93, 94, 123, 224, 459, 460, 462, 468, 542, 1507. Mr. Forman purchased the cards in these lots in the open market at public auction, already graded, and this is the case with all SGC-graded cards Mr. Forman is selling from his personal collection in this auction. This disclosure is being made at his insistence (and with our blessing) to avoid even the potential appearance of impropriety.

[Wesley]

Originally Posted by Peter_Spaeth

The concerns run in the other direction too:
17A. Disclosure Notice: The following lots have been consigned to this auction from the personal collection of SGC principal David Forman: 48, 50, 51, 52, 53, 54, 56, 58, 59, 60, 61, 62, 63, 64, 65, 66, 67, 68, 69, 70, 71, 72, 74, 75, 76, 77, 78, 79, 80, 81, 82, 84, 85, 86, 87, 88, 89, 90, 91, 92, 93, 94, 123, 224, 459, 460, 462, 468, 542, 1507. Mr. Forman purchased the cards in these lots in the open market at public auction, already graded, and this is the case with all SGC-graded cards Mr. Forman is selling from his personal collection in this auction. This disclosure is being made at his insistence (and with our blessing) to avoid even the potential appearance of impropriety.

That is an impressive collection. A large percentage of N172s, including the large lot with the 398 card OJ collection, were consigned by Dave. With close to five hundred N172s, Dave owned one of the larger Old Judge collections out there.

[calvindog]

Originally Posted by Peter_Spaeth

The concerns run in the other direction too:
17A. Disclosure Notice: The following lots have been consigned to this auction from the personal collection of SGC principal David Forman: 48, 50, 51, 52, 53, 54, 56, 58, 59, 60, 61, 62, 63, 64, 65, 66, 67, 68, 69, 70, 71, 72, 74, 75, 76, 77, 78, 79, 80, 81, 82, 84, 85, 86, 87, 88, 89, 90, 91, 92, 93, 94, 123, 224, 459, 460, 462, 468, 542, 1507. Mr. Forman purchased the cards in these lots in the open market at public auction, already graded, and this is the case with all SGC-graded cards Mr. Forman is selling from his personal collection in this auction. This disclosure is being made at his insistence (and with our blessing) to avoid even the potential appearance of impropriety.

Funny, Dave asked that his ownership of cards be noted; anyone want to bet if over the past few years all of Bill's and Doug's lots have been noted?

[Wesley]

Forman had some incredible cards. Aside from the large Old Judge collection, the SGC 80 M101-4 Jim Thorpe and the SGC 84 WWG Joe DiMaggio were also his.

[Wesley]

Originally Posted by calvindog

Funny, Dave asked that his ownership of cards be noted; anyone want to bet if over the past few years all of Bill's and Doug's lots have been noted?

Didn't Doug auction some his Cubs memorabilia and noted this in the catalog?

[calvindog]

Yes, Doug noted his ownership of that lot.

[Peter_Spaeth]

Originally Posted by calvindog

Funny, Dave asked that his ownership of cards be noted; anyone want to bet if over the past few years all of Bill's and Doug's lots have been noted?

If Joe Orlando consigned hundreds of thousands of dollars of PSA graded cards to an auction, there would be a sh*tstorm, not a yawn, I would guess.

The disclosure is great, and Rob handled it well, but as I have said before, in my personal opinion I don't think the owner of a grading card company should be buying and selling cards on a large scale. It is a conflict of interest, period.

[calvindog]

Peter, your opinion carries great weight so I'm certain divestiture is occurring as we speak.

Edited to add: I tried to add a big smiley green face but, alas, I could not find one.

[Peter_Spaeth]

Originally Posted by calvindog

Peter, your opinion carries great weight so I'm certain divestiture is occurring as we speak.

Jeff I am aware that no one gives a damn what I think. But I will say it anyway.

[Peter_Spaeth]

And in my opinion that no one gives a damn about, Dave should choose, does he want to own a grading company, or buy and sell cards. Not both.

[calvindog]

Peter, I give a damn. And just remember: you're good enough, you're smart enough, and gosh darn it people like you!

[Peter_Spaeth]

Jeff. the grinny is on the top row, to the right. LOL.

[calvindog]

Originally Posted by Peter_Spaeth

And in my opinion that no one gives a damn about, Dave should choose, does he want to own a grading company, or buy and sell cards. Not both.

Peter, he's also planning on putting in some new carpeting in his bedroom; would you care to let him know which color you prefer?

Edited to add: where the hell is the grinnie?????

[Peter_Spaeth]

Originally Posted by calvindog

Peter, he's also planning on putting in some new carpeting in his bedroom; would you care to let him know which color you prefer?

Edited to add: where the hell is the grinnie?????

Weak, counselor, weak. And you know it.

[calvindog]

Found it!!!!!

[calvindog]

PS: David Hall called me and asked if you could also pick out the color of his couch.

Peter, honestly, I appreciate your position. And in a perfect world there would be no conflicts of interest in any part of our hobby. But it's just so unrealistic now as many people get into the business end of the hobby BECAUSE they are hobbyists. And we should concern ourselves first and foremost with reporting fraud and stopping fraud. We don't have the luxury just yet to even begin a rational discussion of conflicts of interest unless fraud is involved.

[Peter_Spaeth]

I don't know too many dealers in the position of being able to grade their own cards, or dealers who have a brother who owns a grading service. If that isn't a serious conflict of interest -- and I am not saying any wrongdoing took place, just pointing out the APPEARANCE OF IMPROPRIETY which as you know is the legal standard for a conflict of interest -- I don't know what is. And of course I agree with you about fraud, but that doesn't mean other things should not be discussed as well -- IMHO.

[Kenny Cole]

IMO, an undisclosed conflict of interest such as is being discussed is fraud -- at least constructive, probably actual.

I'm still pondering the disclosed conflict. I suppose my perspective on that depends on the nature and extent of the disclosure, but it smells bad, period. Peter is right, although it really pains me to agree with a defense lawyer. Grade cards or buy and sell them, but don't do both at the same time.

Kenny

[Peter_Spaeth]

Originally Posted by Kenny Cole

IMO, an undisclosed conflict of interest such as is being discussed is fraud -- at least constructive, probably actual.

I'm still pondering the disclosed conflict. I suppose my perspective on that depends on the nature and extent of the disclosure, but it smells bad, period. Peter is right, although it really pains me to agree with a defense lawyer. Grade cards or buy and sell them, but don't do both at the same time.

Kenny

Kenny, how are you at interior decorating?

Oh by the way, since 2004 has Dave "insisted" that others to whom he has consigned (such as Mastro, to whom we know he consigned as a result of the lawsuit) also disclose his ownership interest?

[Kenny Cole]

Peter,

With regard to interior decorating, I defer to my wife. Not because I want to, but because I must. At some point I will muster up enough courage to buy the recliner I want, but that time is not now. Then I will be able to sit in the garage, by myself, in my new chair. Do you think I need cable out there?

Kenny

[ScottFandango]

i wonder what the "ownership" shakeup will be this season....

wouldnt be summer without a name change also!


Is Bill mastro ever coming back?

[chiprop]

The auction is weak!

[E93]

Note to Doug Allen and Bill Goodwin:
Retain the legal services of Jeff Lichtman and not a negative word will be spoken.
JimB

[calvindog]

Jim, now who would have thought that such an educated guy could be so intellectually stupid? But then again, I actually work for what I have in my life so excuse me for being so cynical at times as nothing has ever been handed to me.

[Orioles1954]

I'm personally very interested to see how the National auction will go. I wonder if Brooks Robinson knows....