Mastro/Legendary Article in Today's NY Daily News

[Peter_Spaeth]

I am surprised that the principal focus of this thread has been a few (presumably) unpaid consignors instead of (1) serious accusations of shill bidding against Mastro by a lawyer and board member with unquestioned credibility, and (2) revelations that the principal of the #2 grading service (#1 by far on this board) continues to buy and sell hundreds of thousands of dollars of cards. To me anyhow that is the far more interesting story line.

[WarHoundR69]

CGC is SGC's sister company. I'm wondering if Dave Forman has his comics CGC graded and then resells them. That might fly a bit under the radar.

A point of interest to me since I also collect comics and have many CGC graded examples

[MikeU]

Originally Posted by WarHoundR69

CGC is SGC's sister company. I'm wondering if Dave Forman has his comics CGC graded and then resells them. That might fly a bit under the radar.

A point of interest to me since I also collect comics and have many CGC graded examples

They have not been a sister company for years now.

[Wesley]

Originally Posted by Peter_Spaeth

I am surprised that the principal focus of this thread has been a few (presumably) unpaid consignors instead of (1) serious accusations of shill bidding against Mastro by a lawyer and board member with unquestioned credibility, and (2) revelations that the principal of the #2 grading service (#1 by far on this board) continues to buy and sell hundreds of thousands of dollars of cards. To me anyhow that is the far more interesting story line.

I am surprised about that as well, Peter. It is a shame that Mastro has been unable to pay it's consignors, and they have justifiably been criticized about that for weeks. Also we have read about allegations of shill bidding for different auction houses for a long time.

For me the biggest news from reading the NY Daily News article and see that Mastro and Dave Forman is involved in litigation regarding hundreds of thousands of dollars for purchases made by Forman. I use SGC or grading and I rely on SGC for purchases and I am not exactly comfortable with hearing this news. Some are ok with it, but I don't like hearing that the president of SGC allegedly owes Mastro $400,000 for purchases, and that the president of SGC still consigns cards on such a large scale.

[Bicem]

agreed 100% Wes.

[slidekellyslide]

Nothing surprises me anymore...Dave Forman was at one time associated with Gary Moser (one of the REAL bad guys in this hobby).

[barrysloate]

I'm with everyone else. I consider Dave a friend but as soon as he purchased SGC he should have completely stopped his involvement in buying and selling baseball cards. The appearance of impropriety is enormous even if everything is done on the up and up. SGC has long been the darling of the Net54 board, but I think it has taken a huge hit today.

[oldjudge]

Barry--I agree. Didn't David Hall sell his collection to avoid just this type of situation?

[barrysloate]

Yes, David Hall did. However, there was still a cloud surrounding it since all his cards were PSA graded. Collectors wondered whether or not his got preferential treatment.

But to his credit at least he avoided the potential conflict of interest.