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#51
02-06-2010, 04:42 PM
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What do you Recommend Calvindog?
Calvindog - What do you think of the owner of SGC buying (and not paying entirely for) and selling millions of dollars worth of cards in shill bid auctions? What do you think of auction houses that are unethical? What do you think should be done? Do you think all auction houses management and employees and the card grading companies management and employees are all crooked? I do not believe so. Calvindog - if you think my post is comical - do you think everything is OK the way it is? What do you recommend to help with a solution? I think Ethical corporate polices and standards like PSA’s should be mandatory in all of these companies. PSA’s section regarding conflicts of interest is excellent and it is a good start. Hopefully the companies we deal with including PSA have honest principals who will hold themselves and their employees to these standards for the betterment of the hobby community. If you are laughing at all of this – what do you recommend Clavindog?
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#52
02-06-2010, 04:44 PM
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Shill bidding?..... I thought this was a NYC dinner thread.
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Joe D.
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#53
02-06-2010, 04:47 PM
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Joe, I could use another Sparks dinner right about now. Or Philippe. Name the night.
__________________
http://www.flickr.com/photos/calvindog/sets
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#54
02-06-2010, 04:59 PM
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next week? week after? any time you want.
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Joe D.
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#55
02-06-2010, 04:59 PM
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I was amazed to see the amount of snow in SI this morning; we literally did not get a drop here. Next week for sure.
__________________
http://www.flickr.com/photos/calvindog/sets
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#56
02-06-2010, 05:01 PM
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Some of the business practices in this hobby are just like any other industry where there are lots of dollars involved. Most of the opportunities for individuals looking to make a profit are driven by building relationships with influential people. This can be done with dealers, customers or grading companies. When dishonest people are exposed to these opportunities they take advantage of them until found out about such as what just happened in this article.
Again this is not unlike what goes on in any industry. I still believe that without the grading companies there would be much less of a market for baseball cards and there would be very few opportunities for sales to be made via the internet. As an example of this compare ungraded prices for items on E-Bay versus items authenticated and graded by SGC or PSA. Usually there is no comparison between the two. I would have to say that anyone purchasing ungraded high dollar items via the internet is running a great chance of being disappointed when they receive their item.
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#57
02-06-2010, 05:07 PM
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After the FBI investigation and any resulting prosecutions shake out, I wonder whether there will be an opportunity for a well-respected entrepreneur with a long-standing connection to the hobby (Barry?) to establish a voluntary association of auction houses and grading companies to create and enforce a code of ethics to address the issues raised in this thread. Of course, this would only work if the association possessed all necessary authorities to be effective. I should think that the auction houses and grading companies might well be receptive as this form of self-policing sure beats policing by the Justice Department.
By the way, I could sure use a part-time job. Mark
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#59
02-06-2010, 05:18 PM
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Mark- we tried this a few years ago and it died on the vine. Jim Crandall was spearheading it, and in retrospect he may not have had the right temperament for it.
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#60
02-06-2010, 05:33 PM
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Rob- I really don't think a discussion of grading service improprieties is off topic at all. Shill bidding was not the only fun activity at Mastro Auctions. I am certain that when the company had a big submission of raw cards consigned by an important client they sent a lobbyist with the cards to discuss grades (hey, if we're only getting a 6 on this one then I want an 8 on that one). Remember, they were a full service auction company.
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#61
02-06-2010, 05:33 PM
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The gypsies did it.
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#62
02-06-2010, 05:34 PM
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David- Jewish people generally don't name their kids Kennesaw.
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#63
02-06-2010, 06:18 PM
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Quote:
__________________
Looking for Nebraska Indians memorabilia, photos and postcards
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#64
02-06-2010, 06:27 PM
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#65
02-06-2010, 06:28 PM
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__________________
http://www.flickr.com/photos/calvindog/sets
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#66
02-06-2010, 06:52 PM
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Can someone please post the difference in price between PSA7 and PSA8 common cards from the following series:
T206 1933 Goudey 1952T This might put a little more perspective to the topic of graders being sellers.
__________________
fr3d c0wl3s - always looking for OJs and other 19th century stuff. PM or email me if you have something cool you're looking to find a new home for.
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#67
02-06-2010, 06:59 PM
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Fred- there is so much variance it's hard to say. Some PSA 8 commons now sell for under $1000. Others can sell for twice that. But in any case they are way more than a 7, at least double. Most cards double from 7 to 8, but you can't generalize.
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#68
02-06-2010, 07:35 PM
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And on the chance
That some people missed this thread the last time -- here is the recap/threads of the previous Daily News story.
http://www.net54baseball.com/showthread.php?t=113822 Regards Rich
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#69
02-06-2010, 07:58 PM
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It's probably an uphill effort, but I think the timing might be better now, or at least after the conclusion of the pending investigations. The potential for success, I think, turns in part on how and by whom the proposal is presented to the auction houses and grading companies. Perhaps the simplest, first step would be informal contacts with the principals of the major companies to determine the extent of any interest. Mark
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#70
02-06-2010, 08:33 PM
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When you walk into SGC the walls are decorated with some tremendous tobacco related sports and non sports advertisements. When I inquired about the signs I was told the owner of the company collects them. Obviously the owner of SGC has other hobby and collectible related interests other than cards. Why do you have to sell and deal cards from your own company? It probably would not be as bad if the cards in question were from PSA (I assume everything was SGC), at least it's the competition and the inference that their was some favoritism might not be quite as strong. This way, SGC's owner could still pursue his love of cards but not with his own label. Or maybe he thinks that PSA is such a slipshod company he would never trust any high grade cards in their slabs. Who knows if the owner of SGC could influence the graders. Their honesty may be beyond reproach. But, if you deal your own companies cards surreptitiously through an auction house the doubt will always remain. If the Mastro blow-up never occurred we would have never known what was going on, just more industry business as usual.
Last edited by bbeck; 02-16-2010 at 11:12 AM. Reason: grammmer
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