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#1
08-03-2012, 03:56 PM
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I don't know about the legal arguments. However, I'm sure the family wanted to receive money from these cards now rather than later. All of the family members look to be a bit older. It would take a considerable amount of time for them to slowly sell off 600+ cards over multiple auctions. It seems it would have made more sense for them to offer the cards as a group to the auction house for say $1.5 million. Since they had estimated the value of the collection at around $3 million they would still be getting a deal. Let the auction house take the risk and do the work of slowly selling these off over the next 5 years while the family divides up the money and gets on with their lives.
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