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Reload this Page Memory Lane sold cards they didn't have per SCD
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  #1  
Old 08-19-2025, 01:28 PM
parkplace33 parkplace33 is offline
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The theft caused Memory Lane to take out a $1.8 million loan to repay the cards’ owners and the loan racked up $125,900 in interest, according to the lawsuit.

It also caused the value of the cards to plummet and harmed Memory Lane’s reputation, according to the lawsuit.

I guess this answer the insurance claim question posted earlier in the thread.
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  #2  
Old 08-19-2025, 02:04 PM
raulus raulus is offline
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Originally Posted by parkplace33 View Post
The theft caused Memory Lane to take out a $1.8 million loan to repay the cards’ owners and the loan racked up $125,900 in interest, according to the lawsuit.

It also caused the value of the cards to plummet and harmed Memory Lane’s reputation, according to the lawsuit.

I guess this answer the insurance claim question posted earlier in the thread.
Must've been the police then!
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  #3  
Old 08-19-2025, 02:32 PM
Johnny630 Johnny630 is offline
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Originally Posted by parkplace33 View Post
The theft caused Memory Lane to take out a $1.8 million loan to repay the cards’ owners and the loan racked up $125,900 in interest, according to the lawsuit.

It also caused the value of the cards to plummet and harmed Memory Lane’s reputation, according to the lawsuit.

I guess this answer the insurance claim question posted earlier in the thread.
It also caused the value of the cards to plummet and harmed Memory Lane’s reputation, according to the lawsuit.

To me the value and reputation of Memory Lane's has not been harmed.
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  #4  
Old 08-19-2025, 02:45 PM
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It also caused the value of the cards to plummet and harmed Memory Lane’s reputation, according to the lawsuit.

To me the value and reputation of Memory Lane's has not been harmed.
If the company sustained no harm from the owner's past criminal history then they should be bulletproof, no? Further, from my vantage point, ML is to blame for this mishap since it was a gross lapse in judgement to ship the box to the hotel with nobody from the company there to get it for days.
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  #5  
Old 08-19-2025, 04:35 PM
Johnny630 Johnny630 is offline
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If the company sustained no harm from the owner's past criminal history then they should be bulletproof, no? Further, from my vantage point, ML is to blame for this mishap since it was a gross lapse in judgement to ship the box to the hotel with nobody from the company there to get it for days.
Correct, many people forgive and forget. It does not matter what you did in the past. If you have the card and the buyer wants it they could care less what their past criminal history may have been.
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  #6  
Old 08-19-2025, 04:46 PM
Kevlo17 Kevlo17 is offline
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Just one guys opinion, but the current auction where the preview was just made available is one of the lightest ML auctions I can remember. Could be coincidence (or a misguided opinion by me), but seems like their reputation with consignors may have been dinged by this a bit.
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  #7  
Old 08-19-2025, 04:40 PM
Michael B Michael B is offline
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Originally Posted by parkplace33 View Post
The theft caused Memory Lane to take out a $1.8 million loan to repay the cards’ owners and the loan racked up $125,900 in interest, according to the lawsuit.

It also caused the value of the cards to plummet and harmed Memory Lane’s reputation, according to the lawsuit.

I guess this answer the insurance claim question posted earlier in the thread.
I will preface by saying that I have no opinion of Memory Lane as I have never dealt with them. However, is it not Memory Lane that hurt their own reputation by exposing the fact that they were not careful with the consignor's property and did not maintain any type of chain of custody?
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  #8  
Old 08-19-2025, 04:54 PM
Johnny630 Johnny630 is offline
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Originally Posted by Michael B View Post
I will preface by saying that I have no opinion of Memory Lane as I have never dealt with them. However, is it not Memory Lane that hurt their own reputation by exposing the fact that they were not careful with the consignor's property and did not maintain any type of chain of custody?
You sound like a Smart Attorney For the Best Western
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  #9  
Old 08-19-2025, 09:23 PM
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Just keep digging, Memory Lane. You might find your dignity at the bottom of the hole.
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  #10  
Old 08-19-2025, 10:25 PM
Michael B Michael B is offline
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You sound like a Smart Attorney For the Best Western
Was married to a practicing attorney for 12 years. Current wife went to law school, but does not practice. I have been doing legal research for 40 years. I actually believe there is culpability on both. I find the fact that Memory Lane is suing for problems they initiated to be amusing.
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  #11  
Old 08-20-2025, 06:05 AM
Johnny630 Johnny630 is offline
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Was married to a practicing attorney for 12 years. Current wife went to law school, but does not practice. I have been doing legal research for 40 years. I actually believe there is culpability on both. I find the fact that Memory Lane is suing for problems they initiated to be amusing.
Agreed !
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  #12  
Old 08-20-2025, 11:34 AM
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Not sure why the ill will towards ML. It seems like JP has gone out of his way to make things right for consignors and buyers after that unfortunate situation at the Ohio show. I have dealt with ML in the past and had absolutely no issues. I found the whole team to be great.
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  #13  
Old 08-20-2025, 01:28 PM
Zach Wheat Zach Wheat is offline
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Not sure why the ill will towards ML. It seems like JP has gone out of his way to make things right for consignors and buyers after that unfortunate situation at the Ohio show. I have dealt with ML in the past and had absolutely no issues. I found the whole team to be great.
I agree. I have always had great experiences with ML.
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  #14  
Old 08-20-2025, 01:56 PM
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Not sure why the ill will towards ML. It seems like JP has gone out of his way to make things right for consignors and buyers after that unfortunate situation at the Ohio show. I have dealt with ML in the past and had absolutely no issues. I found the whole team to be great.
+100 (from someone directly and substantially impacted by this).

JP and memory lane paid me on time, in full, even before they knew when, even if, they were going to get paid in my items. And, they gave each buyer the option to rescind their purchase and not pay. Nobody except ML was harmed here. Perhaps that harm was partly their own doing -in retrospect it was a bad idea to send millions of dollars of cards to a best western PLUS, even though that had been the normal practice of many AHs for years- but it doesn’t change the fact that a best western employed stole the cards and as a result, ML realized economic loss (in order to take care of their consignors and buyers).

As far as auction houses go, memory lane is a first class shop.
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