Memory Lane sold cards they didn't have per SCD

Fuddjcal · #1 05-07-2024, 04:12 PM

Quote:

Originally Posted by Peter_Spaeth

So don't ask hotel "management" to store the package, have it held at Fed Ex for Joe to pick up, or Fed Ex it to Joe and have him fly out with the cards? In any case, obviously hindsight is 20 20 and nobody will do it this way again I assume.

Not to mention, that Hotel was probably one of the biggest dumps I have stayed in since the 1970's. Best Western PLUS, they say. Plus what? Bed Bugs? It was like camping. There are no safes in the room. The hot water took 20 minutes to warm up on the top floor. That's only if you gingerly turned it on and the handle didn't come off. The Elevators were out both nights and the tiny staff reflected all of it.

That said, I had a great time but was somewhat apprehensive traveling there with cash and cards. Obviously for good reason.

I probably had one of the best times on this trip than I've had in a long time though. Especially where baseball cards are concerned. So much so, I want to go back next year. I was waiting in the lobby when the detectives were doing follow-up interviews on SAT Afternoon, talking about a "Package" and "video". Now it all makes sense.

I really enjoyed getting to know Joe T and he helped "hard sell" me on a card at Ashish's table

before I left. Knowing that Bad MemoryLane is a local company, I bid pretty hard and won 3 great items. First and last time I'll use them. I just confirmed my lots were "not stolen" before I sent my fat check. I'm going to pick-them up in person.

Also, This is really the 2nd year I've utilized auction houses significantly. That said, I'm not overly happy with the entire experience of my losses or wins. My eyes are hurting...I CAN'T SEE giving these clowns 20% buyer premium. It is flat out gouging and not worth the service, IMHO. Get it down to 5% and I'll give them another chance.

I feel terrible for Ryan who has just a tremendous collection. At least he has faith in MemoryLane and is probably why he trusted his prized possession to them in the first place. If he's happy, I'm happy. Good luck Ryan.

Still I've made my last bid at Heretic, Bad MemoryLane and REA. cause I can't win anything @REA anyway.

Johnny630 · #2 05-07-2024, 04:15 PM

Am I the only one on this board that believes that the bidders on these cards Got a big middle finger from the auction house.

We are truly in a sad state in this industry.

Johnny Marsili

Swadewade51 · #3 05-07-2024, 04:19 PM

Quote:

Originally Posted by Johnny630

Am I the only one on this board that believes that the bidders on these cards Got a big middle finger from the auction house.

We are truly in a sad state in this industry.

Johnny Marsili

+1 good luck to anyone trying to recoup cards they sold off in attempt to win something that wasn't there.

Sent from my SM-G970U using Tapatalk

Peter_Spaeth · #4 05-07-2024, 04:21 PM

Quote:

Originally Posted by Johnny630

Am I the only one on this board that believes that the bidders on these cards Got a big middle finger from the auction house.

We are truly in a sad state in this industry.

Johnny Marsili

ML seems to have been in a no win situation. I think most auction houses are going to err on the side of doing what's best for the consignors if that is different from what is best for the bidders.

Johnny630 · #5 05-07-2024, 04:25 PM

Quote:

Originally Posted by Peter_Spaeth

ML seems to have been in a no win situation. I think most auction houses are going to err on the side of doing what's best for the consignors if that is different from what is best for the bidders.

What's best for their eithical duties is to disclose it and end bidding on the stolen cards

Consignor and bidders have all been slighted it needs to be fair this has not been.

ML should have done the right ethical thing. I don't believe that was fully done in this case that's it.

Peter_Spaeth · #6 05-07-2024, 04:29 PM

Quote:

Originally Posted by Johnny630

What's best for their eithical duties is to disclose it and end bidding on the stolen cards

Consignor and bidders have all been slighted it needs to be fair this has not been.

ML should have done the right ethical thing. I don't believe that was fully done in this case that's it.

Perhaps, but on the other hand, that potentially means 50+ disputes with consignors about how much to reimburse them, assuming they in fact have coverage disputes with the insurance company over values, not to mention the gut punch that would deal to the rest of the auction.

Johnny630 · #7 05-07-2024, 04:37 PM

Quote:

Originally Posted by Peter_Spaeth

Perhaps, but on the other hand, that potentially means 50+ disputes with consignors about how much to reimburse them, assuming they in fact have coverage disputes with the insurance company over values, not to mention the gut punch that would deal to the rest of the auction.

Peter i respect your views and commentary. This is black and white there is no gray area here for me. I'm not saying you're making defenses for them but doesn't their insurance cover the theft in itself right then and there? Not a sale of cards they do not have in their possession and the end of said auction.

Peter_Spaeth · #8 05-07-2024, 04:40 PM

Quote:

Originally Posted by Johnny630

Peter i respect your views and commentary. This is black and white there is no gray area here for me. I'm not saying you're making defenses for them but doesn't their insurance cover the theft in itself right then and there? Not a sale of cards they do not have in their possession and the end of said auction.

I don't know if they have insurance coverage or not. Even if they did, most of these cards don't have established values. So there is a logic to establishing values through the auction. The same logic would apply if no insurance, to establish compensation for the consignors of the lost cards. Not defending them, just offering a perspective.

Mark17 · #9 05-07-2024, 04:50 PM

Quote:

Originally Posted by Peter_Spaeth

Perhaps, but on the other hand, that potentially means 50+ disputes with consignors about how much to reimburse them, assuming they in fact have coverage disputes with the insurance company over values, not to mention the gut punch that would deal to the rest of the auction.

What I hear you saying, which is clear, is that ML did what was easiest and best for THEM. That does not mean what they did was ethical or right.

They auctioned off cards they did not have. They created fake sales to serve a purpose other than to complete sales. Isn't that, basically, lying to bidders? It certainly is misleading them to a huge degree, and I don't see how that can be defended.

What should've happened:

1. Immediately close those auction listings.
2. If the cards are not recovered, establish values for insurance purposes the standard way. It's done all the time, without staging fake auction listings.
3. If the cards are recovered, offer the consigners a return, or a discounted listing in a subsequent auction.

But don't use your trusting bidders for your own purposes, to their detriment.

glchen · #10 05-07-2024, 04:55 PM

Quote:

Originally Posted by Mark17

What I hear you saying, which is clear, is that ML did what was easiest and best for THEM. That does not mean what they did was ethical or right.

They auctioned off cards they did not have. They created fake sales to serve a purpose other than to complete sales. Isn't that, basically, lying to bidders? It certainly is misleading them to a huge degree, and I don't see how that can be defended.

What should've happened:

1. Immediately close those auction listings.
2. If the cards are not recovered, establish values for insurance purposes the standard way. It's done all the time, without staging fake auction listings.
3. If the cards are recovered, offer the consigners a return, or a discounted listing in a subsequent auction.

But don't use your trusting bidders for your own purposes, to their detriment.

I would respond to this is there anyone with standing in this case upset that ML did them wrong? That is, are there any consignors who had some of their cards stolen or any winning bidders who will not receive their winnings due to their cards being stolen think that ML did them wrong? All of the consignors and winning bidders who have posted so far seem very understanding to ML, and are instead upset at the thieves who stole the cards. I really don't think folks should be blowing this up more than necessary. If ML were unethical, who are the victims here that are upset with them?

Peter_Spaeth · #11 05-07-2024, 04:58 PM

Quote:

Originally Posted by Mark17

What I hear you saying, which is clear, is that ML did what was easiest and best for THEM. That does not mean what they did was ethical or right.

They auctioned off cards they did not have. They created fake sales to serve a purpose other than to complete sales. Isn't that, basically, lying to bidders? It certainly is misleading them to a huge degree, and I don't see how that can be defended.

What should've happened:

1. Immediately close those auction listings.
2. If the cards are not recovered, establish values for insurance purposes the standard way. It's done all the time, without staging fake auction listings.
3. If the cards are recovered, offer the consigners a return, or a discounted listing in a subsequent auction.

But don't use your trusting bidders for your own purposes, to their detriment.

Well, just to continue the discussion for argument's sake, what detriment?

G1911 · #12 05-07-2024, 05:07 PM

Quote:

Originally Posted by Peter_Spaeth

Perhaps, but on the other hand, that potentially means 50+ disputes with consignors about how much to reimburse them, assuming they in fact have coverage disputes with the insurance company over values, not to mention the gut punch that would deal to the rest of the auction.

It�s definitely more convenient to cover it up and hold a fake auction.

This is the only hobby I�ve been a part of where convenience is considered an appropriate reason to do the wrong thing, to cover things up, to lie, or to host frauds. I�m sure it�s not the only one, but my other hobbies have been so much cleaner than this.

That it is more convenient to do X is not really a justification for X, and we all would think that if I was the seller instead of an auction house many people like.

Peter_Spaeth · #13 05-07-2024, 05:11 PM

Quote:

Originally Posted by G1911

It�s definitely more convenient to cover it up and hold a fake auction.

This is the only hobby I�ve been a part of where convenience is considered an appropriate reason to do the wrong thing, to cover things up, to lie, or to host frauds. I�m sure it�s not the only one, but my other hobbies have been so much cleaner than this.

That it is more convenient to do X is not really a justification for X, and we all would think that if I was the seller instead of an auction house many people like.

Sane question. Who was hurt, and how?

Carter08 · #14 05-07-2024, 05:11 PM

Quote:

Originally Posted by G1911

It�s definitely more convenient to cover it up and hold a fake auction.

This is the only hobby I�ve been a part of where convenience is considered an appropriate reason to do the wrong thing, to cover things up, to lie, or to host frauds. I�m sure it�s not the only one, but my other hobbies have been so much cleaner than this.

That it is more convenient to do X is not really a justification for X, and we all would think that if I was the seller instead of an auction house many people like.

Agree.

Aquarian Sports Cards · #15 05-07-2024, 04:27 PM

Quote:

Originally Posted by Peter_Spaeth

I think most auction houses are going to err on the side of doing what's best for the consignors if that is different from what is best for the bidders.

In PA, our fiduciary duty is, indeed, to our consignors.

GaryPassamonte · #16 05-07-2024, 04:17 PM

How are auction winnings of this high dollar value transferred to the winning bidder? Are they usually mailed or picked up? I would think most winners of a $2 million dollar card would pick it up? I'm just curious.

brunswickreeves · #17 05-09-2024, 08:38 AM

Quote:

Originally Posted by Fuddjcal

Not to mention, that Hotel was probably one of the biggest dumps I have stayed in since the 1970's. Best Western PLUS, they say. Plus what? Bed Bugs? It was like camping. There are no safes in the room. The hot water took 20 minutes to warm up on the top floor. That's only if you gingerly turned it on and the handle didn't come off. The Elevators were out both nights and the tiny staff reflected all of it.

That said, I had a great time but was somewhat apprehensive traveling there with cash and cards. Obviously for good reason.

I probably had one of the best times on this trip than I've had in a long time though. Especially where baseball cards are concerned. So much so, I want to go back next year. I was waiting in the lobby when the detectives were doing follow-up interviews on SAT Afternoon, talking about a "Package" and "video". Now it all makes sense.

I really enjoyed getting to know Joe T and he helped "hard sell" me on a card at Ashish's table

before I left. Knowing that Bad MemoryLane is a local company, I bid pretty hard and won 3 great items. First and last time I'll use them. I just confirmed my lots were "not stolen" before I sent my fat check. I'm going to pick-them up in person.

Also, This is really the 2nd year I've utilized auction houses significantly. That said, I'm not overly happy with the entire experience of my losses or wins. My eyes are hurting...I CAN'T SEE giving these clowns 20% buyer premium. It is flat out gouging and not worth the service, IMHO. Get it down to 5% and I'll give them another chance.

I feel terrible for Ryan who has just a tremendous collection. At least he has faith in MemoryLane and is probably why he trusted his prized possession to them in the first place. If he's happy, I'm happy. Good luck Ryan.

Still I've made my last bid at Heretic, Bad MemoryLane and REA. cause I can't win anything @REA anyway.

Which card did you purchase from hard sell?

Fuddjcal · #18 05-09-2024, 12:49 PM

Quote:

Originally Posted by brunswickreeves

Which card did you purchase from hard sell?

I PM'd you!

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