NY Times covers the scandal

[Johnny630]

NYT is complete Bird Cage Paper but I might buy one tomorrow ...

[jsanz]

Wow, this is going beyond the message boards. It might get picked up by other media now. I was waiting for this to happen. Baseball cards are finally getting some attention out there in the real world.

[Dpeck100]

I found this part interesting.


It was upsetting,” Mr. Kendrick said of learning that the card had been altered. “I heard the rumors back in 2007 when I acquired the card, but they weren’t confirmable. I wanted to have the card, and I still want to have it.”

But the controversy only increased the value of the card. Shortly after the news broke, Mr. Kendrick said, he received an offer to buy it for four times what he had paid. More recently, an insurance appraisal valued the card at more than $10 million.

[Scott L.]

Kudos to you Peter and the other board member.

[mark evans]

Originally Posted by Scott L.

Kudos to you Peter and the other board member.

Indeed

[swarmee]

Originally Posted by Dpeck100

I found this part interesting.


It was upsetting,” Mr. Kendrick said of learning that the card had been altered. “I heard the rumors back in 2007 when I acquired the card, but they weren’t confirmable. I wanted to have the card, and I still want to have it.”

But the controversy only increased the value of the card. Shortly after the news broke, Mr. Kendrick said, he received an offer to buy it for four times what he had paid. More recently, an insurance appraisal valued the card at more than $10 million.

Then he should have no problem sending it back to PSA for an Authentic Altered slab.

[Throttlesteer]

The story has been getting a lot of coverage here in the NW. Here are a couple recent articles, even though they lack any teeth.

https://www.bizjournals.com/portland...ace-under.html

https://www.oregonlive.com/business/...d-scandal.html

[brad31]

Think the article was well done.

Interesting that Moser was not afraid to talk to the media although PSA and PWCC were. Of course his claims are BS about just cracking and regrading without doing anything to the cards.

[barrysloate]

Originally Posted by Johnny630

NYT is complete Bird Cage Paper but I might buy one tomorrow ...

No politics please.

[Throttlesteer]

Originally Posted by barrysloate

No politics please.

I agree, but not liking the NYT doesn't necessarily suggest a political slant. Is there an assumption that the NYT is political one way or another????

[barrysloate]

Originally Posted by Throttlesteer

I agree, but not liking the NYT doesn't necessarily suggest a political slant. Is there an assumption that the NYT is political one way or another????

Is that a serious question? Do you think he said what he said because he feels the writers aren't literate enough for his tastes? I don't think so. It's politics, period, and I would like Net54 to remain a politics free zone, as per Leon's rules.

[thenextlevel]

Originally Posted by barrysloate

Is that a serious question? Do you think he said what he said because he feels the writers aren't literate enough for his tastes? I don't think so. It's politics, period, and I would like Net54 to remain a politics free zone, as per Leon's rules.

Wow, I think you are overreacting. If anything, you brought more attention to the politics of it. I think The NY Times sucks also, does that make my comment political?

[barrysloate]

Originally Posted by thenextlevel

Wow, I think you are overreacting. If anything, you brought more attention to the politics of it. I think The NY Times sucks also, does that make my comment political?

It depends why you think it sucks, so I have no idea.

[rats60]

xxx

[barrysloate]

Originally Posted by rats60

The last time I read the NY Times Sports section, the main story was on European soccer and the secondary story was about minor league Canadian hockey. The only local sports coverage was on the Rangers and there was no coverage of the big three team sports. I would call it garbage and that has nothing to do with politics.

Fair point. I've noted that the sports section has gotten very tiny too. How about we all move on. If I was oversensitive, I apologize.

[drcy]

Originally Posted by barrysloate

Fair point. I've noted that the sports section has gotten very tiny too. How about we all move on. If I was oversensitive, I apologize.

My hometown newspaper shrunk so much in side that I'd joke "I read the newspaper. Both sides."

[Peter_Spaeth]

Originally Posted by Throttlesteer

I agree, but not liking the NYT doesn't necessarily suggest a political slant. Is there an assumption that the NYT is political one way or another????

The Times is generally considered to be very liberal.

[Leon]

I certainly prefer no politics on our forum. That said, when I was growing up I always thought the papers should just report the news and not take a political stand. I quit taking our paper, after many years, when they got all political. All that said, lets refrain from political commentary. This place has enough craziness already.

Back to the article, it is very good but it would have been nice to go a bit deeper on it. It didn't make the situation sound as bad as it really is, to me.

[bobbyw8469]

Originally Posted by Leon

I certainly prefer no politics on our forum. That said, when I was growing up I always thought the papers should just report the news and not take a political stand. I quit taking our paper, after many years, when they got all political. All that said, lets refrain from political commentary. This place has enough craziness already.


Back to the article, it is very good but it would have been nice to go a bit deeper on it. It didn't make the situation sound as bad as it really is, to me.

Agreed....when I was growing up, the news outlets just reported the news. Walter Cronkite stated "..and that's the way it is".....no bias. No slant. Then came news outlets with their liberal slant...which gave birth to Fox news and its opposing slant.....now the news is nothing but puffery and opinion pieces.

[topcat61]

Originally Posted by Leon

I certainly prefer no politics on our forum. That said, when I was growing up I always thought the papers should just report the news and not take a political stand. I quit taking our paper, after many years, when they got all political. All that said, lets refrain from political commentary. This place has enough craziness already.

Back to the article, it is very good but it would have been nice to go a bit deeper on it. It didn't make the situation sound as bad as it really is, to me.

Hi Leon, everyone, I found this finance article about PWCC and PSA earlier this week by Philip Lyon of Seeking Alpha -

https://seekingalpha.com/article/426...aiting-exposed

[Peter_Spaeth]

Originally Posted by topcat61

Hi Leon, everyone, I found this finance article about PWCC and PSA earlier this week by Philip Lyon of Seeking Alpha -

https://seekingalpha.com/article/426...aiting-exposed

There is a thread on this already. I posted it days ago.

[Bram99]

Originally Posted by Leon

I certainly prefer no politics on our forum. That said, when I was growing up I always thought the papers should just report the news and not take a political stand. I quit taking our paper, after many years, when they got all political. All that said, lets refrain from political commentary. This place has enough craziness already.

Back to the article, it is very good but it would have been nice to go a bit deeper on it. It didn't make the situation sound as bad as it really is, to me.

I am happy the article was in NYT -that’s great. But i'm disappointed that it makes the issue sound like it is a matter of taste whether a trimmed or deciliter card is graded highly. It doesn’t do justice to the fact that PSA is incompetent to find alteration.

[jchcollins]

Kendrick thinks Brent is a great guy, shocker. I must admit I'm intrigued by the fact that it seems the more discretionary income you have to throw at cards, the less you really care about this issue. The collectors / investors with truly deep pockets like Ken could care less, why IS that? Seems to me they are just increasing their stereotype as rich fools who buy something only to be able to say they own it, then throw it in a safety deposit box or lend it to a museum and then forget about it.

[conor912]

Originally Posted by jchcollins

Kendrick thinks Brent is a great guy, shocker. I must admit I'm intrigued by the fact that it seems the more discretionary income you have to throw at cards, the less you really care about this issue. The collectors / investors with truly deep pockets like Ken could care less, why IS that? Seems to me they are just increasing their stereotype as rich fools who buy something only to be able to say they own it, then throw it in a safety deposit box or lend it to a museum and then forget about it.

There's caring about the money, then there's caring about the principal. He clearly isn't bothered by the latter, and the former is a rounding error on his balance sheet. In my experience, the more money you have, the more you can afford not to care about it.

[jhs5120]

Originally Posted by jchcollins

Kendrick thinks Brent is a great guy, shocker. I must admit I'm intrigued by the fact that it seems the more discretionary income you have to throw at cards, the less you really care about this issue. The collectors / investors with truly deep pockets like Ken could care less, why IS that? Seems to me they are just increasing their stereotype as rich fools who buy something only to be able to say they own it, then throw it in a safety deposit box or lend it to a museum and then forget about it.

To many people, cards are a commodity. There is little (if any) nostalgic or personal value assigned to them. Brent understands that, Kendrick understands that and many others understand that.

The article talks about “purists” who believe alteration is a cardinal sin. Others look at alterations as an investment - improving the quality of an asset.

The purists will never understand that rationale and the people who have no nostalgic attachment to baseball cards will never understand why it’s an issue.

[Baseball Bob]

I am surprised no one has mentioned the Dallas oilman Mr. Donald Spence and the impact this might have to his extraordinary collection, virtually all of which is PSA-graded.

[Peter_Spaeth]

I thought Don sold to Thomas Tull years ago.

[Dpeck100]

Originally Posted by Peter_Spaeth

I thought Don sold to Thomas Tull years ago.

He sold a bunch of it to him.

Still has a few sets left on the registry but nothing like he used to.

[toledo_mudhen]

Originally Posted by Johnny630

NYT is complete Bird Cage Paper but I might buy one tomorrow ...

Both of my birds are Independents

[frankbmd]

Originally Posted by toledo_mudhen

Both of my birds are Independents

La Cage Aux Folles perhaps?

[RichardSimon]

Originally Posted by Johnny630

NYT is complete Bird Cage Paper but I might buy one tomorrow ...

Gee whiz, I wonder what they will now do with their 127 Pulitzer Prizes, including two this year. And I am sure more will be awarded to them.