Memory Lane sold cards they didn't have per SCD

[raulus]

Originally Posted by Carter08

I doubt they would take fake auction results either. If there is coverage.

“They” meaning the insurance company?

Or “they” meaning the consignors?

I suspect the consignors might be okay with using that valuation method.

[Carter08]

Originally Posted by raulus

“They” meaning the insurance company?

Or “they” meaning the consignors?

I suspect the consignors might be okay with using that valuation method.

The insurance company, if there is one or more providing coverage.

[jayshum]

Originally Posted by Carter08

I doubt they would take fake auction results either. If there is coverage.

Originally Posted by Carter08

The insurance company, if there is one or more providing coverage.

I thought one of the possible explanations for allowing the auction to continue with the stolen lots was to obtain a price for insurance purposes (whether or not proposed by the insurance company). Why do you think the insurance company wouldn't accept the auction results as legitimate values if there is no evidence of improper bidding?

[Carter08]

Originally Posted by jayshum

I thought one of the possible explanations for allowing the auction to continue with the stolen lots was to obtain a price for insurance purposes (whether or not proposed by the insurance company). Why do you think the insurance company wouldn't accept the auction results as legitimate values if there is no evidence of improper bidding?

The policy language will drive everything but when there is an insured loss valuation is typically a hot button issue, often involving competing experts. The results of a fake auction or any recent auction could be a data point in one side’s arsenal but, depending on policy language, would probably not carry the day.

[mannequin1]

Originally Posted by Carter08

The policy language will drive everything but when there is an insured loss valuation is typically a hot button issue, often involving competing experts. The results of a fake auction or any recent auction could be a data point in one side’s arsenal but, depending on policy language, would probably not carry the day.

I know fraudulent and fraud are similar words, but if someone had a fake auction, but didn't take any payment(s) for anything, they didn't commit fraud, correct?

[BigfootIsReal]

I propose to all that want to drag this out until the end of time, schedule a conference, rent a banquet hall, lock it, and don't come out until all is settled.....for Christ's sake!

[Lorewalker]

Originally Posted by BigfootIsReal

I propose to all that want to drag this out until the end of time, schedule a conference, rent a banquet hall, lock it, and don't come out until all is settled.....for Christ's sake!

Ugh...you again?

[Carter08]

Originally Posted by mannequin1

I know fraudulent and fraud are similar words, but if someone had a fake auction, but didn't take any payment(s) for anything, they didn't commit fraud, correct?

Consumer fraud is defined by statutes and some would have different definitions. Advertising goods for sale without the intention of selling them is defined as fraud in some jurisdictions.

[steve B]

Originally Posted by Carter08

Consumer fraud is defined by statutes and some would have different definitions. Advertising goods for sale without the intention of selling them is defined as fraud in some jurisdictions.

Then the people putting stuff in the Ebay museum are in big trouble.