Quote:
Originally Posted by Chicago206
Do you feel the Gretzky party knew the card was sheet cut? Was that fairly common knowlege prior to the 2.8 million bid it realized? If the answer to both of these is "yes", then the market has deemed this type of alteration to be "market acceptable". However, I dont think it will ever be "market acceptable" to re-back a card....especially a card that may not have ever been printed in the first place!
So Jim...if it were your Cobb/RH, would you take all steps needed to validate/dismiss its authenticity? Or would you take the "head buried in the sand" approach?
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Gretzky (and former LA Kings owner Bruce McNall) bought the card for around $450,000. If you note, the serial number on the card, it was pretty early in the infancy of PSA. They knew that grading this card would be great publicity. They were correct. It changed hands several times, at least 4-5 since Gretzky, maybe more. It went up in price each time. It is currently owned by the owner of the Diamondbacks. He doesn't seem to care that it may be trimmed. Interestingly, he also owns the companion Plank. That one is graded "A."
It's not market acceptable and never will be. But you don't need a wide market to sell that card. Just one buyer with deep pockets. I have no doubt it will continue to increase in value.