Following a wave of interest in Star Wars memorabilia with the release of the new film, Star Wars: The Force Awakens, Mark Hamill has started using Twitter as an authentication tool in an effort to help prevent fans from being defrauded in purchasing autographed memorabilia. I don’t recall an actor ever taking such a “hands on” approach to helping fans with authentication in such a manner, so it is a pretty interesting development. [Read more…]
Local mainstream media outlets in Youngstown, Ohio are reporting on “what investigators say is the biggest case of domestic fraud in the history of the online auction site eBay“. Of course, sports memorabilia is the fraud that was targeted, not entertainment memorabilia… the story by WFMJ states that the “alleged enterprise involving phony autographs on sports memorabilia… cheated 25,000 people out of more than $2-million dollars”. Hopefully, someday, law enforcement will investigate the long term eBay dealers that have been selling common antiques like plates and telephones and ashtrays attributed to classic television shows and movies (which, like the fake sports memorabilia with forged autographs, include worthless COAs from companies with the worst reputations in this art market). [Read more…]
The New York Daily News continues to take the lead in the mainstream media on the story about “disgraced sports memorabilia pioneer” Bill Mastro, Founder and CEO of Mastro Auctions, which shut down in 2009 during the FBI investigation. In the ongoing saga, he plead guilty to shill bidding and mail fraud and admitted to trimming/altering a high value trading card to increase it’s value. U.S. District Judge Ronald A. Guzman sentenced Mastro to 20 months in prison; NY Daily News reports the judge was “troubled by the fact that Mastro had destroyed bidding records after learning the FBI had launched an investigation into fraud…“. [Read more…]
Tribune Broadcasting’s New York flagship station, WPIX-TV (PIX11) in New Jersey, recently published a news report about the Bergen County Prosecutor’s office auctioning off memorabilia seized in 2007 – memorabilia that Prosecutor John Molinelli was warned included fake autographs. The report claims that a prior report revealed that the prosecutor’s office made false statements in an official document in order to get a no bid contract for their “handpicked” memorabilia authenticator. Purportedly, these news stories lead to refunds being offered to the buyers. One of the buyers subsequently filed a criminal complaint against the prosecutor which went to the Bergen County Policeand then to the New Jersey Attorney General’s Division of Criminal Justice; the AG’s office then sent a letter to people who’d complained and it said that their information “was received and reviewed…The matter is now closed.” [Read more…]
As per tradition, (see 2007 Year in Review, 2008 Year in Review, 2009 Year in Review, 2010 Year in Review, 2011 Year in Review, 2012 Year in Review, 2013 Year in Review), what follows is an editorial featuring my personal observations and opinions with regards to the business of buying, collecting, selling, and preserving original pop culture artifacts – looking back at the top trends, developments, and news stories of 2014. As is always the case, this is a completely subjective exercise, and merely touches on the developments and events that relate to the hobby. [Read more…]
As per tradition, (see 2007 Year in Review, 2008 Year in Review, 2009 Year in Review, 2010 Year in Review, 2011 Year in Review, 2012 Year in Review), what follows is an editorial featuring my personal observations and opinions with regards to the business of buying, collecting, selling, and preserving original pop culture artifacts – looking back at the top trends, developments, and news stories of 2013. As is always the case, this is a completely subjective exercise, and merely touches on the developments and events that relate to the hobby. [Read more…]
Daniel Grant, writing for Gallerist, published an interesting article a few days ago about auction houses, reserves, and transparency (see “How Low Can You Go?: Should Auction Reserve Prices Be More Transparent?”). In his feature, he talks about how in nearly all cases, auction houses do not openly disclose the reserve (the lowest amount for which an item will sell at auction), and provides a variety of differing perspectives on how this practice impacts their respective markets and its participants. Of the auction houses specifically discussed in the article, only one – Heritage Auction – makes it known to the public what the reserve price is for every item that they offer for sale. [Read more…]
An issue that seems to come up with every official studio auction of original props and costumes from popular television shows is that of buyers feeling mislead by descriptions of auction houses, particularly use. We saw this with Christie’s and their official “40 years of Star Trek” auction, with Profiles in History and their sale of material from ABC’s LOST, and based on a reader comment today on my article about newcomer ScreenBid and their Breaking Bad auction, it would seem that the same issue is in play with this latest sale as well. Since people likely don’t check my articles for comments after reading it, I thought it might be worthwhile and productive to highlight that comment and my response in a new article, as it is an issue that seems to occur with each of these official studio sales, particularly because it brings in participants who have not participated in such sales before, and perhaps have not purchased or collected original props, costumes, and other artifacts from film and television. [Read more…]