Memory Lane sold cards they didn't have per SCD

[Peter_Spaeth]

Originally Posted by parkplace33

You won't get it, nor I do I believe a statement is coming out from ML. We only can speculate.

The bottom line for me is what I said earlier. An AH in 2024 ran an auction with cards that were stolen. I can't belive that.

You make it sound like they were deliberately trying to move stolen goods. Please.

[parkplace33]

Originally Posted by Peter_Spaeth

You make it sound like they were deliberately trying to move stolen goods. Please.

Not saying that. I am saying that they auctioned off cards that were stolen and not in their possession at the time of the auction.

[Peter_Spaeth]

Originally Posted by parkplace33

Not saying that. I am saying that they auctioned off cards that were stolen and not in their possession at the time of the auction.

Some cards were stolen after they started an auction, and they made a decision to run the full auction to completion to simplify what otherwise could have been a litigious and complicated process of establishing values in case the cards were not recovered and compensation needed to be paid to consignors. Sure, one can fairly criticize that, but let's characterize it accurately.

[nolemmings]

Assuming the cards are not located soon and returned in the same condition, then there likely will be an insurance payout– my guess would be under multiple policies. It is interesting and a bit tricky as to what happens from there if the cards are recovered, particularly if this occurs ad hoc over time. As a general matter yes, the insurer who pays for the loss would be considered the owner entitled to possession once the cards are found. However, I would imagine that before any claim is paid, there will be a written understanding among all concerned regarding any rights to the cards. I can imagine there are myriad scenarios as to who has rights to buy, who must sell, and the process by which the card will be transacted. I would also think that the insurance company could assign its rights to someone for a price and be done with it. Again, a much cleaner process if the entire group is found at once and relatively soon, but a cluster**** if these cards pop up one or a few at a time over the next ten years.
Also keep in mind law enforcement’s role. It is my understanding that if these are recovered and held by law enforcement, the applicable agency may have rules regarding what it requires in the way of authorizations before it will release stolen property. Maybe not a problem by the end of the day for someone relieved to finally get his card, but another party to deal with nonetheless.