O/T: $3.7 Million O-Pee-Chee Hockey Card Case Still in Limbo

[4815162342]

This story is wild.

“He says if he can’t find a buyer, he’s considered giving the case away to a girl he met in grade school, a hockey fan who he believes was his ‘true soulmate.’”

https://www.sportscollectorsdaily.co...ot-fully-paid/

[G1911]

Originally Posted by 4815162342

“He says if he can’t find a buyer, he’s considered giving the case away to a girl he met in grade school, a hockey fan who he believes was his ‘true soulmate.’”

Can't get any more pathetic lol. Amazing

[D. Bergin]

Anybody think Heritage sent out a memo for all employees the next morning, imploring all communication with winning bidders to refrain from mentioning the feelings of the under-bidders?

[Republicaninmass]

Awfully curious commentary.

I need a "rich uncle"


The whole story stinks

[Gorditadogg]

A bad case of drunk-bidding.

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[doug.goodman]

Originally Posted by Gorditadogg

A bad case of drunk-bidding.

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Exactly

[ejharrington]

Pay your bills!

[rjackson44]

Originally Posted by ejharrington

Pay your bills!

100 pct

[Exhibitman]

Another example of inexperienced money chasing a market high because there's no way that goes down. After all there are 20+ Gretzky rookies in there, so why wouldn't it be worth $150K a card sight unseen to grab it? It isn't like PSA 9's sell for less than that, or that PSA 8's are under $20K. Oh, wait, I just looked at the prices on PSA's site.

[4815162342]

Originally Posted by Gorditadogg

A bad case of drunk-bidding.

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Apparently he was drunk on… Red Bull?

“He said he chugged four Red Bull energy drinks to keep him "focused and sharp" in order to continue bidding competitively.”

https://www.cbc.ca/news/canada/saska...ards-1.7172349


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[Mark17]

Originally Posted by 4815162342

Apparently he was drunk on… Red Bull?

“He said he chugged four Red Bull energy drinks to keep him "focused and sharp" in order to continue bidding competitively.”

https://www.cbc.ca/news/canada/saska...ards-1.7172349


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That doesn't even make sense. He admitted in the other video that Heritage uses a 30-minute extended bidding timer, so all he needed to do was to log in 25 minutes after extended bidding began, become or verify he was high bidder, take a 25-minute cat nap, and repeat. He didn't need to be hopped up on caffeine, intently watching the minutes tick by.

[4815162342]

$3.72 Million 1979-80 O-Pee-Chee Hockey Case Went Unpaid; Will Return to Auction

https://www.sportscollectorsdaily.co...rn-to-auction/

“In April, two months after the auction, buyer Jack Arshawsky told CBC Saskatchewan that he had paid $3 million of the $3.72 million but was hoping to find another buyer who was ‘more passionate’ about collecting to take it off his hands. He even indicated he was thinking about donating it to a girl he’d had a crush on years ago.

…

However, Heritage Director of Sports Chris Ivy told The Athletic that the auction house never received a payment of any kind from Arshawsky.

‘It’s just unfortunate that this gentleman participated and appears to have either no intention or didn’t have the ability to pay for it,’ Ivy told The Athletic, which first reported that the case was returning to auction.”

[Republicaninmass]

Foul (smelling) ball!

[parkplace33]

Originally Posted by 4815162342

$3.72 Million 1979-80 O-Pee-Chee Hockey Case Went Unpaid; Will Return to Auction

https://www.sportscollectorsdaily.co...rn-to-auction/

“In April, two months after the auction, buyer Jack Arshawsky told CBC Saskatchewan that he had paid $3 million of the $3.72 million but was hoping to find another buyer who was ‘more passionate’ about collecting to take it off his hands. He even indicated he was thinking about donating it to a girl he’d had a crush on years ago.

…

However, Heritage Director of Sports Chris Ivy told The Athletic that the auction house never received a payment of any kind from Arshawsky.

‘It’s just unfortunate that this gentleman participated and appears to have either no intention or didn’t have the ability to pay for it,’ Ivy told The Athletic, which first reported that the case was returning to auction.”

Shocking!

[calvindog]

The winner is a clown who has no money, obviously. If he had any real money, the consigner/Heritage would have sued him.

Heritage is rarely caught like this. I had a card for which I received an accepted "make an offer" price and before I even pulled the card out of my safe, I received an email from Heritage telling me they didn't believe the buyer was legit. A few minutes later they confirmed this for me and I never sent the card back to Heritage.

[Aquarian Sports Cards]

Originally Posted by calvindog

The winner is a clown who has no money, obviously. If he had any real money, the consigner/Heritage would have sued him.

Heritage is rarely caught like this. I had a card for which I received an accepted "make an offer" price and before I even pulled the card out of my safe, I received an email from Heritage telling me they didn't believe the buyer was legit. A few minutes later they confirmed this for me and I never sent the card back to Heritage.

Hard to believe they didn't vet him a little more thoroughly for a nearly 4 million dollar bid. No chance he's just a flake with money? I imagine the cost of going after him would have to be shared with the consignor, and then what's to guarantee he pays even if judgement is levied against him? Seems like potentially a ton more hassle and a lower profit than just re-selling it. I wonder if they reached out to underbidders and got shot down? Technically if offered to an underbidder you are supposed to remove ALL of the non-payer's bids since they weren't valid. so if it was only two guys bidding it up for a while, the correct offer to an underbidder may have also been unattractive to the consignor. I can't see this selling for anywhere near the same price a second time for all of these reasons, plus the bad publicity. So of course it will probably sell for more lol.

[calvindog]

He doesn't sound like a flake with money -- he sounds like a flake with no money. If he had money I feel comfortable that he'd have been sued by now. After all, the bid is a binding contract and he admits as much.

Heritage just let one slip through the cracks, I suspect.

[OhioLawyerF5]

They should have asked for proof of income before letting him bid. :cry:









I kid, I kid. I couldn't resist.

[Republicaninmass]

Originally Posted by OhioLawyerF5

They should have asked for proof of income before letting him bid. :cry:









I kid, I kid. I couldn't resist.

Too Soon! I'm personally offended!

[Balticfox]

I just hope that the whole fiasco ends up costing both the bidder and Heritage serious money.

[BRoberts]

Originally Posted by Balticfox

I just hope that the whole fiasco ends up costing both the bidder and Heritage serious money.

Of course you do.