Open letter to STAT and Christopher Morales

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Posted By: <b>Bill Panagopulos</b><p>Oh Mr. Taylor! Mr. Morales! Will you please sue me first?!? <br /><br />Didn't Mr. Morales' client, American Royal Arts, sue Frank Caiazzo? Looks like it blew up in their face (See NY Daily News article cited above)<br /><br />I'd wager that by the time this plays out, Frank will have a chateau in the Loire Valley.<br /><br />And let me add that I personally wouldn't turn your material over with a stick...<br /><br />Anyway, if you guys sue me, then I can counter-sue YOU for authenticating what I (and many others) believe is some of the worst material ever to come to market. As a matter of fact, I've never seen ANYTHING either of you has authenticated that I would ever offer in any of my auctions. If your material is indeed "bad", and if it was passed as result of incompetent authentication and gross negligence, despite warnings made to you to the contrary, and despite your implied warranty of merchantability, that may explain why the prices realized for that material are so weak. <br /><br />Continuing that thought, those weak prices, well documented in your auction sales results, would make a great claim for having:<br /><br />A/ DRIVEN POTENTIAL CUSTOMERS AWAY FROM THE INDUSTRY THAT SUPPORTS ME, AND;<br />B/ LOWERED THE PRICES THAT AUTHENTIC MATERIAL ACHIEVES IN THE MARKETPLACE.<br /><br />So, go ahead and sue me. Sue everyone. Get your books in order. Be prepared for a countersuit and discovery. Bring your checkbooks and a pen - because in the end, I can assure you that it will be YOU who shall be writing a settlement check. <br /><br />Or maybe you just just find another job...<br /><br />Yours philographically,<br /><br />BASIL A. "BILL" PANAGOPULOS (Get the spelling right, please)<br />PRESIDENT, ALEXANDER AUTOGRAPHS, INC.<br />860 CANAL ST, 2ND FL.<br />STAMFORD, CT 06902<br /><br />HOURS FOR SERVICE OF LEGAL PAPERS: 10AM-5PM EST