Class action suit filed against PSA, PWCC and Probstein

[ullmandds]

i quickly perused this and it states that PSA maintains photos of all cards it grades? Is this true?

My impression is that this isn't written terribly well.

[swarmee]

Originally Posted by ullmandds

i quickly perused this and it states that PSA maintains photos of all cards it grades? Is this true?

Doubtful. They only started scanning cards for photography purposes a year ago, and then only high valued cards at Express levels as far as I know.

[T205 GB]

Originally Posted by ullmandds

i quickly perused this and it states that PSA maintains photos of all cards it grades? Is this true?

I think we all know PSA does not do this They would be damned if they did!

[cardsnstuff]

does anyone actually believe, anything will change and/or come as a result of this lawsuit?

[whitehse]

Originally Posted by cardsnstuff

does anyone actually believe, anything will change and/or come as a result of this lawsuit?

In my opinion, unless collectors/investors stop spending money with PSA and stop chasing the registry, not much will change. With a current backlog of a million cards despite the current scandal going on for nearly a year now, it seems that there is no appetite to curbing spending with PSA.

[egbeachley]

Originally Posted by whitehse

In my opinion, unless collectors/investors stop spending money with PSA and stop chasing the registry, not much will change. With a current backlog of a million cards despite the current scandal going on for nearly a year now, it seems that there is no appetite to curbing spending with PSA.

The biggest change would come from the Registry. In the past a top Registry set would get kudos and impress collectors. As soon as the top Registry folks get laughed at for spending top dollar on altered cards the dominos will start to fall.

I am not impressed with any of the best sets on the Registry anymore. In fact the word “lame” usually comes to mind. Although maybe I’m the only one who feels that way.

[CMIZ5290]

Originally Posted by cardsnstuff

does anyone actually believe, anything will change and/or come as a result of this lawsuit?

Amen Tony......It won't, trust me. Can you hear Brent, Rick, and Joe O laughing in the background??

[cardsnstuff]

Originally Posted by CMIZ5290

Amen Tony......It won't, trust me. Can you hear Brent, Rick, and Joe O laughing in the background??

This is my belief as well.

[nolemmings]

Originally Posted by CMIZ5290

Amen Tony......It won't, trust me. Can you hear Brent, Rick, and Joe O laughing in the background??

Yeah, I bet it's a plate full of chuckles to know you've been sued, your business integrity attacked and, depending on the nature and extent of your insurance coverage, that you'll be dealing with and paying lawyers. I know my clients would consider it a real knee slapper, a true hoot and a holler.

[Leon]

Originally Posted by nolemmings

Yeah, I bet it's a plate full of chuckles to know you've been sued, your business integrity attacked and, depending on the nature and extent of your insurance coverage, that you'll be dealing with and paying lawyers. I know my clients would consider it a real knee slapper, a true hoot and a holler.

Sounds like fun, fun, fun to me, Todd.
There is no doubt whatsoever this suit draws a lot more attention to the issue issues and that can only be good.

.

[CMIZ5290]

Originally Posted by nolemmings

Yeah, I bet it's a plate full of chuckles to know you've been sued, your business integrity attacked and, depending on the nature and extent of your insurance coverage, that you'll be dealing with and paying lawyers. I know my clients would consider it a real knee slapper, a true hoot and a holler.

And you think they give a damn?? Why dont you check their bank accounts for better perspective.....They are all making a TON of money....

[nolemmings]

Originally Posted by CMIZ5290

And you think they give a damn?? Why dont you check their bank accounts for better perspective.....They are all making a TON of money....

Yes I do. Having "a ton" of money does not mean you enjoy being dragged into court and paying for the privilege. You think they puff out their chests and brag about being sued for fraud at parties?

[Fballguy]

Originally Posted by CMIZ5290

Amen Tony......It won't, trust me. Can you hear Brent, Rick, and Joe O laughing in the background??

What are they laughing about exactly and why are you so proud of them doing it?

[perezfan]

Originally Posted by Fballguy

What are they laughing about exactly and why are you so proud of them doing it?

I was wondering the same. I believe most of us find this lawsuit to be much funnier than they do. Even a sub-par attorney will cost them tens of thousands when all is said and done.

And after this civil suit is settled, they can look forward to the FBI's inevitable criminal charges. So they get to party on all over again. What a blast!

[CMIZ5290]

Originally Posted by Fballguy

What are they laughing about exactly and why are you so proud of them doing it?

This is absolutely an idiotic comment by you....Me proud of them? I hope they get their asses whacked. I am just sick and tired of hearing people talk about potential damage that is going to come to these parties, and not a DAMN thing ever comes of it. Personally, I can't stand Rick Probstein, but he keeps on keeping on, and people keep on paying stupid prices for both of these guy's auctions...This talk about these two have been going on as long as I've been a member on N54.

[rats60]

It has been 9 1/2 months since this problem was exposed. The grading companies are doing record business. There could never be another vintage card graded and the companies would hardly feel the effect.

https://www.sportscollectorsdaily.co...trading-cards/

it’s the modern sports card market that’s primarily responsible for unprecedented levels of submissions and revenue.

“This rejuvenated segment of the market is more robust that at any point in our company’s history as younger generations of collectors are becoming more active,” Orlando stated. “In fact, around 80% of our approximately one million count backlog are of the modern variety at PSA and the vast majority of that 80% are sports cards.”

https://www.beckett.com/grading/guranteed

With that said, the number of cards Beckett is receiving daily has begun to eclipse the volume our staff can properly handle with strict guarantees in place. From invoicing, to card identification, to grading, to shipping…..cards are coming in at a rate never seen in our history.