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#1
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"PWCC never owned the card. It was purchased from REA on behalf of a client and graded and sold on behalf of another client."
This is a very cleverly phrased denial that could be literally true but is telling in what is left out. Courtney confirmed this sequence of events in the prior thread: Spring 2015: Sold in REA as an SGC 50 for $6600 to Brent August 2015: Sold privately by Brent to Courtney as a PSA 7 for $75k Oct 2016: Consigned by Courtney to Goldin and won by John Perez for $46,800 Feb 2017: Consigned by John to Brent and sold to unknown buyer for $52,300 Now assuming that the quoted statement by PWCC is true, i.e., that PWCC purchased the card from REA for a client and had the card graded and then sold it for another client, it leaves the mysterious clients as the culprits. And of course probity (though not any privilege or legal requirement) prevents PWCC from naming the clients. See, but I suspect that PWCC's client was the ownership of PWCC and that this whole endeavor was a carefully structured effort to make PWCC a cut-out between yourselves and the card so that PWCC could plausibly deny ownership and blame everything on mystery clients who bought an SGC card under PWCC auspices and just a few months later brought a raw card for PWCC to submit and sell. So, Betsy, just to make things crystal clear please confirm unequivocally that no one who had an ownership in PWCC at the time were the PWCC clients you reference. You need not break your fake confidentiality to do so as I am not asking for a name, just a confirmation that the PWCC ownership isn't the mystery client. But before you respond please ask your attorney to brief you on the concept of a "declaration against interest"; may be useful information to have before answering.
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Read my blog; it will make all your dreams come true. https://adamstevenwarshaw.substack.com/ Or not... Last edited by Exhibitman; 04-27-2017 at 05:43 PM. |
#2
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So PSA specifically blesses this card knowing it's part of a live auction, then weeks later, Joe Orlando is just sitting around, or Reza, or whoever, and they think gee maybe we'd like to revisit that, let's reach out to Brent. Makes no sense to me.
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Net 54-- the discussion board where people resent discussions. ![]() My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ Last edited by Peter_Spaeth; 04-27-2017 at 05:47 PM. |
#3
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Guessing left out of this whole discussion is the part about the buyer threatening to sue PWCC and PSA and blowing the lid off a lot of shenanigans. Just a guess though.
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#4
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Joe Orlando is pretty easy to locate at a card show. I am sure he will be well aware of the issue, if asked about it in person.
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#5
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Joe and Reza obviously, assuming Brent sent the card to them, made a considered decision to confirm the grade. It makes no sense that they would spontaneously change their mind. As Steve says, there must be a good reason. As usual, we aren't getting the whole story, even if there is a grain of truth to parts of it.
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Net 54-- the discussion board where people resent discussions. ![]() My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ Last edited by Peter_Spaeth; 04-27-2017 at 05:56 PM. |
#6
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however, in the end, the buyer of the card did get his money back and pwcc apparently is eating the entire purchase price of the card as they paid the consignor (who made $1300+ on the sale) and not asking for money back from the consignor so there is no real victim here as far as the pwcc auction.. |
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