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#1
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It doesn't sound like the buyer committed any fraud, accepting him at his word he didn't know the true value either. What theory is left to the seller, mutual mistake in value so no contract was formed? Seems a stretch without researching it.
As Adam said, feels like more a question of ethics.
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Net 54-- the discussion board where people resent discussions. ![]() My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ |
#2
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Used to be .." back in the day " ..if a tremendous walk in collection came to a dealer....He bought it ( lowball offer ? probably ), and the bragging/ story/tale about it was looked on as - " wow, that lucky so and so " ," If I only knew ", " what a steal of a deal " ,etc.....
Now maybe more - " that scumbag dealer lowballed the guy " , " He should be ashamed " etc... |
#3
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We as a society are still much more laisse-faire capitalistic than any European country. Regardless of how the French court rules, I can't foresee how a situation like this could happen here. Maybe some day it will, but right now, it doesn't matter what your intentions are regarding a purchase. After the purchase has been made, it becomes your property to do with as you choose, and I can't see how that is going to change any time soon.
In our Constitution, we have a right to the pursuit of happiness, which has been classically construed as the individual ownership of property. |
#4
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#5
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Of course, but one can still behave ethically and do well.
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Net 54-- the discussion board where people resent discussions. ![]() My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ |
#6
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A $4,400,000 item for $157 goes far beyond normal.
Hell, even if the mask didn’t go for 10x estimates, a $440,000 item for $157 goes way outside the lines. For those of you that would gladly fork over the $157 without saying a word, congratulations. Test concluded, it’s verified; you’re one of those scumbag pieces of $#!t that gives the hobby a bad name.
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Eric Perry Currently collecting: T206 (135/524) 1956 Topps Baseball (195/342) "You can observe a lot by just watching." - Yogi Berra |
#7
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__________________
Net 54-- the discussion board where people resent discussions. ![]() My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ |
#8
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#9
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LOLOL good one. No, no "work" done to the card, just a friendly bump.
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Net 54-- the discussion board where people resent discussions. ![]() My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ |
#10
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Only half that story works for Moser. Hint, it's not the part where he shares the money lol.
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Check out https://www.thecollectorconnection.com Always looking for consignments 717.327.8915 We sell your less expensive pre-war cards individually instead of in bulk lots to make YOU the most money possible! and Facebook: https://www.facebook.com/thecollectorconnectionauctions |
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Actually I don't think 9 to 10 was his thing, more a 5/6/7 to 8/9 guy.
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Net 54-- the discussion board where people resent discussions. ![]() My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ Last edited by Peter_Spaeth; 10-04-2023 at 08:16 PM. |
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Is he even still around?
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#13
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#14
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After reading the article and knowing nothing else about what happened, it didn't really sound like the dealer knew what they had either. More like the dealer had a feeling there might be something there. I don't think they could have guessed the true origin. Without knowing anything more about the dealer it's hard to say they could know the outcome when they made the purchase.
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#15
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1042. Gramboozled (or Widowhoodwinked)
When a little old lady selling her dear, late husband’s collection gets absolutely ripped off without even knowing it.
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All the cool kids love my YouTube Channel:
Elm's Adventures in Cardboard Land ![]() https://www.youtube.com/@TheJollyElm Looking to trade? Here's my bucket: https://www.flickr.com/photos/152396...57685904801706 “I was such a dangerous hitter I even got intentional walks during batting practice.” Casey Stengel Spelling "Yastrzemski" correctly without needing to look it up since the 1980s. Overpaying yesterday is simply underpaying tomorrow. ![]() |
#16
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If I'm the seller in this article, and I'm paying for appraisals, and then carbon dating, I'm not sure how willing I would be to split money with the seller. He forked over some real cash for carbon dating. That ain't cheap. But I agree with others. At some point, the ROI becomes too much, and throwing a bone back to the original seller is the right thing to do. I thought $300k was certainly a nice finder's fee.
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Barry Larkin, Joey Votto, Tris Speaker, 1930-45 Cincinnati Reds, T206 Cincinnati Successful deals with: Banksfan14, Brianp-beme, Bumpus Jones, Dacubfan (x5), Dstrawberryfan39, Ed_Hutchinson, Fballguy, fusorcruiser (x2), GoCalBears, Gorditadog, Luke, MikeKam, Moosedog, Nineunder71, Powdered H20, PSU, Ronniehatesjazz, Roarfrom34, Sebie43, Seven, and Wondo |
#17
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The problem is that offering a substantial amount like that often does nothing more than encourage more piggish behavior. Unless there is a strategic reason to make the offer, like a statutory mechanism that punishes a plaintiff for not accepting a reasonable offer, even an offer made in good faith like that is often interpreted by plaintiffs to be show of doubt. There is also a very fine line you have to walk in a case so as not to encourage the plaintiff's counsel. Once lawyers smells blood, they expect a feast.
In this situation, where the outcome is likely to be a total victory on one side or the other, not a court splitting the baby, the idea of compromise is more elusive.
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Read my blog; it will make all your dreams come true. https://adamstevenwarshaw.substack.com/ Or not... Last edited by Exhibitman; 10-26-2023 at 02:13 PM. |
#18
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https://www.directams.com/price-list Cultural artifact - under 500 if waiting is ok, and under 600 if you're in a rush. Just one of the first I found on a google search. I'd expect some higher and some lower. |
#19
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__________________
Barry Larkin, Joey Votto, Tris Speaker, 1930-45 Cincinnati Reds, T206 Cincinnati Successful deals with: Banksfan14, Brianp-beme, Bumpus Jones, Dacubfan (x5), Dstrawberryfan39, Ed_Hutchinson, Fballguy, fusorcruiser (x2), GoCalBears, Gorditadog, Luke, MikeKam, Moosedog, Nineunder71, Powdered H20, PSU, Ronniehatesjazz, Roarfrom34, Sebie43, Seven, and Wondo |
#20
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Years ago I saw people bring stuff into card shows. One time a guy had a box of cards and told the dealer he wanted $50 for it. The dealer said it was worth much more and offered something around $300. The seller then said something like, "Oh, I didn't realize they were worth that much..." and walked away to get other offers. So the dealer, trying to be a good guy, missed the deal completely when he could've had it for $50. I also saw that same scenario play out with a different ending. When the seller started to walk away, the dealer said, "Wait a minute. Tell you what. I'll give you $100 for just these 6 cards." The seller agreed, not realizing he'd just sold 80% of the value in his box. |
#21
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I was thinking about the other outcome too. I don't think the original owner would be on the hook if the dealer did pay a $157 for a mask that after all the testing, examinations and appraisals he spent money on identified it as a $150 mask.
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#22
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Not directed at you, but more generally, I don't get the knee-jerk hostility to someone seeing and making a great deal. This is a hyper-capitalist society and economy: the whole point of trade is to make money, to get the advantage. Excluding criminality or fraud--which no one thinks is OK--why is there a tendency to attack people who do it? I bought an item from a walk-in at a show and paid his ask because I thought it was really special. I put it into an auction, and it sold for 17X what I paid. Does that make me a scumbag piece of crap? At the same show, I picked up a card that later sold for a third of what I paid. Should I sue the seller? Not as far as I am concerned. That's how it goes.
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Read my blog; it will make all your dreams come true. https://adamstevenwarshaw.substack.com/ Or not... Last edited by Exhibitman; 10-04-2023 at 02:52 PM. |
#23
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Are you saying we should only write things in line with your beliefs and expectations? I don't think so. I've been on this forum for over a decade, and I've read many of your posts. I really don't have that image of you in my mind. It wasn't a knee-jerk response, nor was it the issue of somebody making money. In your 17X example, I see nothing wrong with that. No, in my opinion, it doesn't make you a scumbag piece of crap. However, in this case, we're talking about a 28,000X flip. It's like finding a way to buy somebody's house for less than twenty bucks. I wouldn't want to be the one who determines the line of demarcation between good deal and scumbag POS. However, this is definitely across any line I would consider reasonable.
__________________
Eric Perry Currently collecting: T206 (135/524) 1956 Topps Baseball (195/342) "You can observe a lot by just watching." - Yogi Berra |
#24
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I've had one that was more than 2400x, Saw a plate in a thrift shop, priced at 25 cents (typical at the time) It was restaurant china, with a named restaurant, and a cactus motif. Looked pretty cool, and I figured as a random restaurant china plate maybe $10 on ebay. Apparently it was a rare pattern from Fred Harvey restaurants. Total surprise to me once I started looking it up. The small size was the only other one I could find, and that went for $50. Put it on Ebay, and it sold for over 600... Plenty of other examples of stuff like this. Dealer I know bought a postcard from a dollar box. Thought it was designed by Mucha. It was. It was also not listed in the book about his postcards. He sold it to a guy he knew who collected them for 500. (Buyers price, this dealer often does that, just hands you stuff he got for you and asks how much you'd pay.) That guy sold it to a bigger dealer for 1000.... It ended up in a major european auction and sold for 10,000. Should eveyone all the way back to the dollar box guy get a bigger cut? I have a lot of stuff in my collections that were things dealers and others didn't recognize as anything at all special. Of course, I also have a bunch of stuff that I took a chance on that isn't anything special. |
#25
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French law and views may be different than American. This case may have no bearing on that Honus Wagner bought in Iowa City.
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#26
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Real life example: I bought a 1951B PSA 8 Mays for $48k in June 2020. A few months later, another example sold at auction for $300k+. If I sold mine a few months later, should I go back to the seller and share some of the sales proceeds?
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Trying to wrap up my master mays set, with just a few left: 1968 American Oil left side 1971 Bazooka numbered complete panel |
#27
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Agreed. I go through old post cards and photos on eBay all the time, hoping to find Lou Gehrig or Oscar Charleston sticking his mug into something unexpectedly. Would I contact a seller and say “hey, do you realize …” Eh,
Probably not. I think that’s very different than playing an active role in scamming someone. A large part of collecting for many of us is finding the proverbial lottery ticket. Quote:
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#28
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#29
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I agree, the "knee-jerk piece of $&@*" comment is not productive
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#30
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Eric, I don't expect everyone to agree with me or for people I disagree with not to voice their views. I want to hear those views, but I also want to hear the rationales behind the views. These are difficult subjects and people hold a variety of views. My point is that when you come out of the box condemning anyone who doesn't agree with you, it replaces a discussion with a fight. The same is true when anyone labels a position as "the right thing" or as "the ethical thing". That's the end of the discussion too, because any other position is "the wrong thing" or the unethical thing, by definition.
I appreciate any heartfelt point of view. I may not agree with a position, and I certainly won't accept it if that is the case, but as long as it is offered in good faith, I want to hear it and bat it around with everyone.
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Read my blog; it will make all your dreams come true. https://adamstevenwarshaw.substack.com/ Or not... Last edited by Exhibitman; 10-04-2023 at 05:55 PM. |
#31
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"I can't believe I'm typing this..." Not because they're surprised at their own position. But because they can't believe that anyone in their right mind would ever disagree with them.
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Trying to wrap up my master mays set, with just a few left: 1968 American Oil left side 1971 Bazooka numbered complete panel Last edited by raulus; 10-04-2023 at 05:59 PM. |
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#33
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You've never met someone who would stop the seller and let them know what they had? That's unfortunate.
__________________
Eric Perry Currently collecting: T206 (135/524) 1956 Topps Baseball (195/342) "You can observe a lot by just watching." - Yogi Berra |
#34
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Its funny..
its looked at differently when its the " old story " ...the guy at garage sale buys a " reprint " 1776 US / Independence era document for 5 bucks...and it turns out its real and valued at 1 million bucks Does it come down to " he didn't know it was real" or "knew it might have been real ", or" knew its definitely real "? |
#35
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Perhaps it is. Or perhaps this moral high horse is just not really how people and the world work. Show me a man who wouldn’t hand me the $157 and take the card and I will show you the perfect man or a liar.
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#36
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Pathetic, IMO. And no moral high horse either. Just how I think.
__________________
Net 54-- the discussion board where people resent discussions. ![]() My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ Last edited by Peter_Spaeth; 10-04-2023 at 03:50 PM. |
#37
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You haven't met me or Eric then. And I suspect countless others. No way would I want that on my conscience.
__________________
Net 54-- the discussion board where people resent discussions. ![]() My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ Last edited by Peter_Spaeth; 10-04-2023 at 03:48 PM. |
#38
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Congratulations to those of you who are paragons of human virtue and would never take such an offer. |
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__________________
Net 54-- the discussion board where people resent discussions. ![]() My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ |
#40
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It's really not a moral high horse or some "perfect man or a liar" situation. It's just one possible course of action. For me, and others I'm sure, it's the one that makes the most sense. And sure, there are some who would profess (publicly or otherwise) they'd do the right thing. Then, when the opportunity arose, they would silently grab the card and high-tail it out of there. Like many "big" decisions in life, we don't really know what we'll do until confronted with the choice. I believe, however, it would be folly to think everyone would make the same choice when presented with a situation like this.
__________________
Eric Perry Currently collecting: T206 (135/524) 1956 Topps Baseball (195/342) "You can observe a lot by just watching." - Yogi Berra |
#41
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How about you walk into a used book store and are thumbing through an old book and sitting in the middle of the book is a Wagner card. Pristine. So the seller doesn’t know it’s there and never knew it was there. Same equation? Just curious.
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#42
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I hate the Socratic method unless I'm the one doing it. I guess analytically it's probably the same, although in that situation I'd sure give some thought to how to distinguish it.
__________________
Net 54-- the discussion board where people resent discussions. ![]() My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ |
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