Memory Lane sold cards they didn't have per SCD

[Peter_Spaeth]

Originally Posted by Leon

I absolutely assume ML contacted authorities and insurance, not necessarily in that order, immediately. Those entities, and ML's counsel, were help making the decisions, would be my guess.
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I don't consign. In the ordinary course, do a consignor and AH agree to the value of significant cards for insurance purposes, or is there a standard provision for determining value in the event of loss?

[Lorewalker]

Originally Posted by Peter_Spaeth

I don't consign. In the ordinary course, do a consignor and AH agree to the value of significant cards for insurance purposes, or is there a standard provision for determining value in the event of loss?

In this case Ryan stated that he and Joe came up with the worst case, expected and best outcome as far as prices per card.

[Aquarian Sports Cards]

Originally Posted by Lorewalker

In this case Ryan stated that he and Joe came up with the worst case, expected and best outcome as far as prices per card.

That may or may not cut any weight with the insurance company though. That was more about managing consignor expectations (and I don't mean that in a negative way)

[Lorewalker]

Originally Posted by Aquarian Sports Cards

That may or may not cut any weight with the insurance company though. That was more about managing consignor expectations (and I don't mean that in a negative way)

Right. I was simply answering the question posed. Ins cos will pay off most likely based off of comp sales which allowing the auction to go on unfettered.

[Leon]

Originally Posted by Peter_Spaeth

I don't consign. In the ordinary course, do a consignor and AH agree to the value of significant cards for insurance purposes, or is there a standard provision for determining value in the event of loss?

In the contracts I have signed, there have been approximate values put on the items, including when I sold my collection (or at least an aggregate amount, but it got there througha an estimated value of each lot.) Others might have different experiences.
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