Memory Lane sold cards they didn't have per SCD

[Casey2296]

Originally Posted by sportscardpete

This doesn’t make sense, why would ML keep an auction running if the items were stolen? Something doesn’t add up.

In the hopes that the cards would be found, which is unlikely.
What it does do is establish the value of the insurance payout for the consignors.

[sportscardpete]

Originally Posted by Casey2296

In the hopes that the cards would be found, which is unlikely.
What it does do is establish the value of the insurance payout for the consignors.

I really hope that’s not the case.

[Casey2296]

Originally Posted by sportscardpete

I really hope that’s not the case.

I'm not sure how else would you establish insurance value?

[sportscardpete]

Originally Posted by Casey2296

I'm not sure how else would you establish insurance value?

Not sure either, but if I’m a bidder I am bidding with the assumption the card is not stolen. I think that’s a fair thing to assume!

[jacksons]

I don’t even want to know how thieves are able to monetize heists like this. For those of us who appreciate the artwork and rarity in cardboard, this is no different than paintings being pilfered from galleries, in my view. Pisses me off.

[G1911]

Originally Posted by jacksons

I don’t even want to know how thieves are able to monetize heists like this.

By selling them to the huge number of collector's that won't care they are stolen. Our most frequent topic is explaining why lying and fraud are okay, they won't have a hard time moving stolen goods in this hobby.

[calvindog]

Originally Posted by Casey2296

I'm not sure how else would you establish insurance value?

Correct

[pureball22]

So if I went after a card they can't deliver over another card I also wanted, I guess I'm just SOL...Or if I sold stock, paid a big capital gains tax to finance a card they can't deliver....now what????

[Republicaninmass]

Originally Posted by pureball22

So if I went after a card they can't deliver over another card I also wanted, I guess I'm just SOL...Or if I sold stock, paid a big capital gains tax to finance a card they can't deliver....now what????

Completely SOL. I'm sure any of the good counselors could beg the question...."what are your damages"

This is horrible to hear. When I went through the same thing years ago, the defense switched from "where is your reciept for buying them" to a cock and bull story how I sold them cheaply, to 2 6'4" 250lb gentlemen, who knew nothing about cards, and subsequently wanted more money. FwIW they supposedly lost the entire sum on the Tyson/douglas fight that weekend.

[Kco]

Originally Posted by pureball22

So if I went after a card they can't deliver over another card I also wanted, I guess I'm just SOL...Or if I sold stock, paid a big capital gains tax to finance a card they can't deliver....now what????

HOW you chose to finance your purchase is on you, not the AH. At the end of the day thats your prerogative. I'm not supporting ML here, what they did has tarnished them at this point, but whatever you personally are doing to get your cashflow ready is your business.

[Carter08]

Originally Posted by Kco

HOW you chose to finance your purchase is on you, not the AH. At the end of the day thats your prerogative. I'm not supporting ML here, what they did has tarnished them at this point, but whatever you personally are doing to get your cashflow ready is your business.

I think he could reasonably expect that he had won a card though. Since it was being auctioned. He was lied to by someone.

[Kco]

Originally Posted by Carter08

I think he could reasonably expect that he had won a card though. Since it was being auctioned. He was lied to by someone.

You've materially lost nothing you weren't 100% compensated for. You sold something (collectible, stock, index fund etc) at a price you were willing to accept. That money is still fully yours. Sure it's disappointing, but people sell things to finance other things every day. Sometime's it works out, sometimes stuff beyond their control happens that make the expected purchase no longer possible.

[notfast]

Originally Posted by Casey2296

I'm not sure how else would you establish insurance value?

You’d have to keep the loss of the cards close to the vest then too. If people knew they didn’t have to pay, they might bid things up for unscrupulous reasons.

[Eric72]

Leaving the auction run actually makes more sense than trusting a shipping company with a small box worth millions of dollars.

And leaving the auction run only makes a tiny bit of sense to me.