My Dealings with Memory Lane...GREAT read :/

[Forever Young]

Originally Posted by egbeachley

The market may have changed and they can change the price to whatever they want to. But that does not override the fact that the legitimate offer made was still valid until rescided. Basic law and basic common sense.

And yes, if they didn't want it to be accepted then they should have sent notice immediately. That's how it works.

No it does not.. Especially when a consigner is involved that can change their mind at a drop of a hat. We are not talking about buying real estate here.

[Leon]

If you guys want to argue or call out a company your full names should be in your posts. Even if you want to say something good the same rule applies. thanks

[tiger8mush]

Originally Posted by Forever Young

No it does not.. Especially when a consigner is involved that can change their mind at a drop of a hat. We are not talking about buying real estate here.

So Ben if I offer you (lets pretend I have a card you want) a card for $x today and tomorrow you reply and say "I'll take it", its fine if i say "sorry, its now $x+10%". You're okay with that? Nothing wrong with that? Normal business to make an offer and not follow thru with it?

Rob Gordy

[botn]

Hearing grundle20's unfortunate story about Memory Lane and JP Cohen certainly does not come as a shock to me and shouldn't to anyone who knows about JP's criminal history. What shocks me is that more of these stories do not get posted.

JP's business will continue to thrive. If his involvement in defrauding innocent people out of 50 million dollars has not discouraged buyers from dealing with him then his breaching an agreement over 5K is almost laughable. It is unfortunate that grundle20 did not get the card but apparently ending up on the wrong side of a deal can be expected when dealing with Memory Lane and JP Cohen.

I am Greg Schwartz and I approve this post.

[Forever Young]

Originally Posted by Ladder7

Sleazy... Out of principal, I won't deal with them, ever. When they catch wind of this thread and realize it's time for damage control. I hope you don't cave and purchase the damn thing.

Originally Posted by tiger8mush

So Ben if I offer you (lets pretend I have a card you want) a card for $x today and tomorrow you reply and say "I'll take it", its fine if i say "sorry, its now $x+10%". You're okay with that? Nothing wrong with that? Normal business to make an offer and not follow thru with it?

Rob Gordy

Am I happy about it? No.. Do I understand?? Yes..ESPECIALLY if my buying decision was altered(in any way)by the very same reason the sale price increased(ha sale). On top of that, a consigner is involved. Disappointed ?? Yes. Would i post it on a public board and suggest it is unethical?? Obsolutely not. Ben Weingarten

[grundle20]

Well, speaking from the point of the guy who asked, was offered and was reneged on the deal:

There's actually not even an argument if it's unethical or not. If this were to go to arbitration or court (clearly, I'm not suing anyone, that's ridiculous, this is just to stress the point), I'd win the argument. It constitutes a written offer made and accepted. It's actually not legal BASED on ethics. The whole reason I posted it on a public board was specifically BECAUSE it was unethical, and I thought others should know what it's like dealing with Memory Lane if they have / are considering doing business with them in the future. Also, the very nature of consignment means that Memory Lane had the license to offer at a certain price. Even if the consignor changes his mind, it's AT LEAST Memory Lane's obligation to tell me the offer has expired. You cannot argue that one day to make that decision is too long.

Additionally, after reading in those links I posted on Page 2 of this thread that JP loved to play $50,000 hands of Pai-Gow Poker with money he stole from people who thought their money was going to charity, I felt compelled to post that, too. I invite anyone to speak who thinks those events have NO correlation...

[calvindog]

It's a bit difficult to give JP and Memory Lane any benefit of the doubt here considering his significant criminal history in fraud. If he cared about the obvious perception he gives off he'd bend over backwards to try to appear ethical.

[forazzurri2axz]

Justin--If you waited 2 days and the offer had not been rescinded, I guess
that would have been fine also to complain??? How do you know, as pointed out above, that the consignor didn't change his mind in the meantime??
What about 3 days?? At what point does a seller has to keep a price if someone does not commit?? 10 days???
What if 25 people had inquired as you had---that's all it was, by the way at that point; AN INQUIRY!---Does that mean that JP has to call you and 24 other inquiring minds who can't pull the trigger and tell them the price is changing??
Or are you just pissed cause you didn't have the cojones to get this card at an obviously very good price so you are taking it out on Memory Lane?

To those who imply that the card belongs to either an employee or JP himself, pretty lame on y'alls part but you probably had nothing better to say that allowed you to jump on the bandwagon.

I don't condone someones past behavior that was less than exemplary. But we live in a society in which if someone "pays his dues", they are allowed a second chance. At least that's what everyone says about Americans....that they are a forgiving people. I guess that's Americans minus the BB card hobby. And to use this situation which, in my opinion, was caused by your not acting promptly, to imply that it relates to ones past mistakes, is mistaken at best , while nasty and cowardly at worst.

Peace
Bill Latzko (don't have a middle name or I would have put that too)

[Peter_Spaeth]

Yes, the OP's first communication to JP was simply an inquiry, but JP's reply -- that he would sell the card for a certain price and to let him know -- sure sounds like an offer to me. (If it wasn't an offer, what was it?) JP had the right to rescind it, but he did not, so when the OP accepted it within a reasonable time, they had a deal.

If the buyer had hit JP's BIN on ebay, and JP had then said sorry no sale I repriced it, I don't think anyone would be defending JP (perhaps I am wrong). So what's the difference in the two situations?

[grundle20]

Originally Posted by forazzurri2axz

What about 3 days?? At what point does a seller has to keep a price if someone does not commit?? 10 days???
What if 25 people had inquired as you had---that's all it was, by the way at that point; AN INQUIRY!---Does that mean that JP has to call you and 24 other inquiring minds who can't pull the trigger and tell them the price is changing??
Or are you just pissed cause you didn't have the cojones to get this card at an obviously very good price so you are taking it out on Memory Lane?
I guess that's Americans minus the BB card hobby. And to use this situation which, in my opinion, was caused by your not acting promptly, to imply that it relates to ones past mistakes, is mistaken at best , while nasty and cowardly at worst.

Bill,

First, I appreciate your feedback, thank you. A few points:

- I'd like to politely disagree about this entire ordeal being an inquiry. An inquiry was my first email by itself. The second email was JP offering me a price. The third email was me ACCEPTING the price.

- If we're tied up on one day being too late, or two days or ten days, then why not argue the other side if a "deal's not a deal until paid." What about ten minutes? Five minutes? Does JP reserve the right to rescind the deal (without telling me) IMMEDIATELY after saying he'll sell the card for a price?

- I don't think the size of my testicles has much to do with the buying of the card, frankly. Actually, Bill, I TRIED to get the card. One day later. By your definition, my balls should actually be HUGE. Truly, though, I can't honestly see the parallel between the level of man-hood and what price I'm willing to drop on cards.

- Lastly, I don't at all find it cowardly to point out that someone who commands tens, and at times, hundreds of thousands of dollars for cards is a fraud. I put my name on here; I own up to the story. I tell this story for disclosure, Bill. He's submitted cards back to PSA for grading to get new serial numbers to dupe bidders (see THIS STORY HERE) as well as been in FEDERAL prison for fiscal purposes. I'm going to have to stick to my guns and say there's absolutely reason to bring up his past.

[botn]

Originally Posted by calvindog

It's a bit difficult to give JP and Memory Lane any benefit of the doubt here considering his significant criminal history in fraud. If he cared about the obvious perception he gives off he'd bend over backwards to try to appear ethical.

That is why he has other people at the card shows carry his duffel bags full of cash onto the airplanes, so I am told.

[glynparson]

When he said let me know that meant let him know within a reasonable amount of time. He did not say immediately so therefore I feel he should sell the card as 1 day is certainly a reasonable time.

[egbeachley]

Originally Posted by Forever Young

No it does not.. Especially when a consigner is involved that can change their mind at a drop of a hat. We are not talking about buying real estate here.

When a consignor changes their price, the auction house should have told them that they will change it ASAP but there is an offer outstanding that they need to rescing first. No different than if someone hit the buy-it-now button. And the same offer/acceptance rules apply to real estate, it's not different. Both examples have offers go through an "agent"