Memory Lane sold cards they didn't have per SCD

[docpatlv]

Originally Posted by parkplace33

One point that hasn’t been brought up yet. The winners of the stolen cards got screwed. But I would also say that ML consignors of the non stolen cards also may have been screwed at well. What if a bidder wanted to go for two cards, one non stolen and one stolen, and picked to go hard after the stolen card.

I am sure some consignors in ML are none too pleased to read this news story.

Surprised this comment was overlooked with no responses. I thought it was one of the most interesting comments in this whole debacle. For those of you who agree that it was okay to continue auctions on the stolen cards, do you also agree that it may have been to the detriment of other consignors as illustrated in the highlighted section above?

If your consignment could have netted an extra 5-10k+ had a bidder concentrated on your lot instead of chasing a stolen lot, would you have been happy?

M.ike P.ugeda

[ThomasL]

Why haven't they released a list of the stolen items yet...or have I missed that? I think it would help for people to keep an eye out for them.

Also I didnt infer anything in my prior post except that I felt it was a target theft and law enforcement might have let it run to help aid them in eliminating or possibly incriminating possible suspects...that would include a long list of people...I am sorry if someone read into that incorrectly

[parkplace33]

Originally Posted by ThomasL

Why haven't they released a list of the stolen items yet...or have I missed that? I think it would help for people to keep an eye out for them.

Also I didnt infer anything in my prior post except that I felt it was a target theft and law enforcement might have let it run to help aid them in eliminating or possibly incriminating possible suspects...that would include a long list of people...I am sorry if someone read into that incorrectly

I doubt we get any additional information on this unless the cards are recovered.

[Aquarian Sports Cards]

Originally Posted by docpatlv

Surprised this comment was overlooked with no responses. I thought it was one of the most interesting comments in this whole debacle. For those of you who agree that it was okay to continue auctions on the stolen cards, do you also agree that it may have been to the detriment of other consignors as illustrated in the highlighted section above?

If your consignment could have netted an extra 5-10k+ had a bidder concentrated on your lot instead of chasing a stolen lot, would you have been happy?

M.ike P.ugeda

I think a much bigger detriment would've been the mysterious removal of $2m of the best cards. Can you imagine, as a bidder, continuing to bid in an auction where that happened?

[Peter_Spaeth]

Originally Posted by Aquarian Sports Cards

I think a much bigger detriment would've been the mysterious removal of $2m of the best cards. Can you imagine, as a bidder, continuing to bid in an auction where that happened?

What about the damage to consignors from potentially have to dispute valuations on many of the scarcer items? All that avoided.

[docpatlv]

Originally Posted by Peter_Spaeth

What about the damage to consignors from potentially have to dispute valuations on many of the scarcer items? All that avoided.

What are your thoughts on other consignors who potentially lost $$$ on their consignments in the scenario highlighted in my previous post? Innocent bystanders?

M.ike P.ugeda

[Peter_Spaeth]

Originally Posted by docpatlv

What are your thoughts on other consignors who potentially lost $$$ on their consignments in the scenario highlighted in my previous post? Innocent bystanders?

M.ike P.ugeda

If that happened, obviously it's unfortunate. No winning options here for ML.

[Aquarian Sports Cards]

Originally Posted by Peter_Spaeth

What about the damage to consignors from potentially have to dispute valuations on many of the scarcer items? All that avoided.

I was responding to the idea of consignors who weren't directly affected by the theft being negatively impacted by the continuation of the auction of the items that were stolen.

I really think there were only two options. Cancel the auction entirely, or let it run like they did. Any half measure would've been an abject disaster.

[Republicaninmass]

Best part is......99% of these posters haven't sniffed 2 million bucks worth of cards, let alone would they know what do if they were stolen.

Supreme Court of baseball card message boards

[Mark17]

Originally Posted by Republicaninmass

Best part is......99% of these posters haven't sniffed 2 million bucks worth of cards, let alone would they know what do if they were stolen.

Supreme Court of baseball card message boards

I haven't committed murder either, but I know it's wrong.

[gunboat82]

Originally Posted by Republicaninmass

Best part is......99% of these posters haven't sniffed 2 million bucks worth of cards, let alone would they know what do if they were stolen.

Supreme Court of baseball card message boards

Stupid plebes. Don't they realize that the value of their Internet opinions is directly proportional to their net worth?

[CardPadre]

Originally Posted by gunboat82

Stupid plebes. Don't they realize that the value of their Internet opinions is directly proportional to their net worth?

I wondered if anyone caught that. Now we’re starting a class war, the sniffers vs the never-have-sniffed.

The 1 per-scent discharging their snottiness on opinions of others.

[Fuddjcal]

Originally Posted by gunboat82

Stupid plebes. Don't they realize that the value of their Internet opinions is directly proportional to their net worth?

yeah, silly commoners.

[G1911]

Originally Posted by Republicaninmass

Best part is......99% of these posters haven't sniffed 2 million bucks worth of cards, let alone would they know what do if they were stolen.

Supreme Court of baseball card message boards

Yes I cannot believe people who are not multi-millionaires also have opinions and some of those filthy poor people are against hosting fraudulent auctions. The audacity of those disgusting poors! Of course I concur that only the top .5% or so should ever have an opinion permissible to be expressed in a public place. Hopefully nobody richer than you comes along to disagree.

[Republicaninmass]

Originally Posted by G1911

Yes I cannot believe people who are not multi-millionaires also have opinions and some of those filthy poor people are against hosting fraudulent auctions. The audacity of those disgusting poors! Of course I concur that only the top .5% or so should ever have an opinion permissible to be expressed in a public place. Hopefully nobody richer than you comes along to disagree.

Do you have a home health care aid standing by to remind you to breathe? Agian as a plebian, you can't assume that legally they were fraudulent auctions, as the auction house owns the property. To put in print, May open yourself up for libel.

[Fuddjcal]

Originally Posted by Aquarian Sports Cards

I think a much bigger detriment would've been the mysterious removal of $2m of the best cards. Can you imagine, as a bidder, continuing to bid in an auction where that happened?

I wouldn't have been stuck with 3 non-stolen high dollar cards, that's for sure.

[mannequin1]

Originally Posted by Republicaninmass

Best part is......99% of these posters haven't sniffed 2 million bucks worth of cards, let alone would they know what do if they were stolen.

Supreme Court of baseball card message boards

Originally Posted by Fuddjcal

I wouldn't have been stuck with 3 non-stolen high dollar cards, that's for sure.

How were you stuck with 3 cards?

[Yoda]

Isn't it about time ML issued some kind of public statement about the theft and ongoing investigations. The public has a right to know, especially Net54.

[Johnny630]

Originally Posted by Yoda

Isn't it about time ML issued some kind of public statement about the theft and ongoing investigations. The public has a right to know, especially Net54.

What for? This will have no impact on their business. The collecting community as a whole along with the bidders and consigners, don’t care they’re going to continue to do business with them. Most are cool with them continuing the auction of the lots that were stolen even after they no longer had possession of them to get a comp for insurance purposes. This will all blow over like all the other scandals have over the years.

[Peter_Spaeth]

I imagine they have communicated with all affected parties. So why do they need to make a public statement?

[mannequin1]

Originally Posted by Johnny630

What for? This will have no impact on their business. The collecting community as a whole along with the bidders and consigners, don’t care they’re going to continue to do business with them. Most are cool with them continuing the auction of the lots that were stolen even after they no longer had possession of them to get a comp for insurance purposes. This will all blow over like all the other scandals have over the years.

You're right, if there's great stuff to bid on, people will continue to bid, but will potential consignors feel comfortable consigning?

Ph.il Gr0dsky

[Lorewalker]

Originally Posted by Johnny630

What for? This will have no impact on their business. The collecting community as a whole along with the bidders and consigners, don’t care they’re going to continue to do business with them. Most are cool with them continuing the auction of the lots that were stolen even after they no longer had possession of them to get a comp for insurance purposes. This will all blow over like all the other scandals have over the years.

No doubt. I think I even posted that a few days ago. I doubt there will be a loss of business for the company.

What should stick is that now it behooves anyone who consigns to try to establish a value (for insurance purposes, not a guarantee of what the items will sell for) with the auction house prior to sending them your stuff. And an inquiry might be made to see if the items consigned will be away from the premises at any time and what that looks like.

[Fuddjcal]

Originally Posted by mannequin1

How were you stuck with 3 cards?

They were not stolen

[notfast]

Originally Posted by Fuddjcal

I wouldn't have been stuck with 3 non-stolen high dollar cards, that's for sure.

I want to hear this.

[Fuddjcal]

Originally Posted by notfast

I want to hear this.

Had I known about the theft & not having a clue which cards were stolen, I would not have made 1 bid on anything. Therefore, I would not have won a thing. Kind of like Logic 101

[jayshum]

Originally Posted by Fuddjcal

Had I known about the theft & not having a clue which cards were stolen, I would not have made 1 bid on anything. Therefore, I would not have won a thing. Kind of like Logic 101

Presumably you bid on cards you were hoping to win so I don't understand why you're not happy you actually won them. I am sure the people who bid on cards that were stolen aren't happy they won't be receiving the cards they though they had won.

[Fuddjcal]

Originally Posted by jayshum

Presumably you bid on cards you were hoping to win so I don't understand why you're not happy you actually won them. I am sure the people who bid on cards that were stolen aren't happy they won't be receiving the cards they though they had won.

Thanks for the question. While I don't feel I owe you or others an explanation of my vague statements, out of respect for the people involved, my respect for NET54 and it's members I'll try.

I don't really like doing business with companies I don't like or trust. I do believe what ML did before and after the facts are not right. Others have a different opinion. That's OK. I actually have stood up against big companies in my life never to do business with them again. I have fired GM (1983-2021-I really wanted that Corvette, ) over a car that blew up after 15K miles (I paid less for that car than I did the 3-baseball cards), Costco and American Express to name just a few.

Currently, I have paid ML over 5K in commissions for goods I do not have. I don't like that I have to go pick up the cards that I'm "hoping" are there. I hope Santa Claus comes down the chimney Dec 25th too. I had 2 choices. Not pay them like a big fat loser and damage my reputation or Pay them and move on. I conduct ALL my business with Integrity, which is why I believe I have this type of $$$ to piss away on baseball cards in the first place. I paid them immediately.

I would not have bid at all on this auction had I known there were still many "unidentified" cards stolen from it so they could continue to run their sham of an auction. I don't really give a sh** the reasons. IMHO, it was not right or just. That's how I live my life. You or others are free to make your own decisions. I've made mine and I will stick to it. I did not appreciate how they handled the cards going into or out of Shitsville. Memory Lane is just that after my pick-up TUESDAY...a BAD MEMORY. I hope that helps?

[Republicaninmass]

Originally Posted by jayshum

Presumably you bid on cards you were hoping to win so I don't understand why you're not happy you actually won them. I am sure the people who bid on cards that were stolen aren't happy they won't be receiving the cards they though they had won.

Doesn't want to be part of the "billion dollar fraud"

[brianp-beme]

Originally Posted by docpatlv

Surprised this comment was overlooked with no responses. I thought it was one of the most interesting comments in this whole debacle. For those of you who agree that it was okay to continue auctions on the stolen cards, do you also agree that it may have been to the detriment of other consignors as illustrated in the highlighted section above?

If your consignment could have netted an extra 5-10k+ had a bidder concentrated on your lot instead of chasing a stolen lot, would you have been happy?

M.ike P.ugeda

Gabrinus touched upon this in post #37, and I picked up upon his thoughts in post #51. Here is what I wrote almost 500 posts ago:


Originally Posted by gabrinus View Post
Holy shit that sucks...I understand the insurance angle but that money could have gone to other cards in the auction...Jerry


Definitely a great point...not only did this hurt the winning bidders of the missing cards, some of whom perhaps would have shifted their bidding money to other non-stolen lots, but the consigners of some non-stolen cards in the auction perhaps could have had the action on their lots potentially minimized because of the decision to keep the stolen auction lots open.

Condolences to all involved, and just a sucky situation all around that, with some common sense precautions, probably could have been avoided in the first place.


brianp(arker)-beme (quoting brianp(arker)-beme) - man, this thread has a lot of words!