In a situation like this, you work your way back up the chain in terms of responsibility for refunds. The OP should not be responsible for the PSA fees here towards the end of the chain unless he just wants to be out of the goodness of his heart or to maintain a good relationship with a regular buyer. Had the buyer arranged for a $2000 séance in order to communicate with Ali himself and verify that the signature was bogus, the OP would not be on the hook for that expense either. At each step back up the chain, the refunding party is not responsible for everything that was done with the piece after it left his hands.
Assuming the signature is bogus, here's how I see it should go:
1) Ebay buyer gets a refund for the cost of the item itself (not including subsequent PSA fees) from the OP.
2) The OP gets a refund from his consignor
3) The OP's consignor gets a refund from whoever he bought the piece from. This may or may not have been whoever issued the original COA.
4) and so on back up the chain, until the chain of custody inevitably breaks and someone is left holding the bag
Bottom line is, everyone winds up losing a little along the way, but only the originator of the bogus item should wind up losing the bulk of the money. As I said though, the chain usually breaks somewhere before reaching back to the top. There is no "good" outcome to a situation like this, which is why anyone collecting autographs should do their due diligence and try to avoid becoming a link in this chain of woes.
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10-05-2016, 08:24 AM
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