Memory Lane sold cards they didn't have per SCD

[ThomasL]

Originally Posted by Peter_Spaeth

Auction opened April 11. Isn't the theft after that?

Maybe I misread the article then...that makes it a little less the obvious thing to do but still I think that would have been the best course of action.


Addendum:
Also...all the items already had a market value, and values for insurance purposes already I would assume (in case they would have been lost in the mail or a fire at the warehouse/auction house)...so logically running the auction to establish a value for insurance purposes is unnecessary ... isnt it?

IMO the best course of action would have been to close the auction once they knew of the theft, informed all cosigners of it asap and offer to return the items not stolen if they wanted them back at no cost or offer to hold them over for the next auction with zero fees taken in by ML for the consignment.
The cosigners who had items stolen would be in limbo, which they are anyway, but at least would be in the loop from the start that their items were stolen and could get updates on the case. ML could offer to pay the full market value up front or after a period of time if the cards are not recovered (giving the option to wait to see if the cards will be recovered)

If they werent recovered within the first 2 weeks I seriously doubt they will be recovered at all or at least any time soon...I hope I am wrong

Likely scenarios are these in no particular order:

1. Robber knew ahead of time what the package was and had already fenced the items before stealing them...thus the robber doesnt have them and they are absorbed into a shady collectors collection not to be seen until their death or some day long after the statute of limitations.

2. Robber quickly found out how impossible it would be for them to sell or get rid of the items bc they were easily identifiable...this leads to two options
2a. Robber sits on the items for a long time, possibility of them never resurfacing, or selling at an auction house10+ years down the road when people have forgotten about the theft (much like library collections have been stolen from and sold years later at some major auction houses) 2b. Robber trashes them to get rid of the evidence...destroyed never to be seen again and always a mystery what happened to them.

None the less...If they werent recovered quickly I seriously doubt they will be...if it was some idiot who did it they would have already showed up on ebay