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Old 09-21-2007, 09:12 AM
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Default Irrational Exuberance Low Number High Grade 1933 Goudeys

Posted By: Corey R. Shanus

Jim,

Suppose an auction house sells a slabbed card. The new owner sends it to another grading service to have it put in their slab, only to be provided with incontrovertible evidence the card has been altered. The new owner then makes a demand to the auction house to have the sale rescinded and his money refunded. The auction house agrees to refund the money contingent on the consignor returning to the auction house the proceeds of the sale. Question -- What should the consignor do?

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