Michael O’Keeffe with the New York Daily News continues to chronicle the ongoing saga surrounding Mastro Auctions and the Justice Department’s prosecution of principals from the sports memorabilia auction house, based on the FBI investigation that began in 2007. Yesterday, prosecutor filed papers with the Chicago federal court seeking a 57 month prison term for former Mastro Auctions president, Doug Allen, as a result of his “outright contempt” for law enforcement. [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, 2014 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. A look back at interesting trends, developments, and news stories from 2015. 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…]
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…]
Auction house Profiles in History filed a lawsuit in Los Angeles Superior Court last week against one of its customers, Albert Tapper, claiming that the buyer won two items in their “Hollywood Auction 53” sale event last month, but only agreed to pay for one (“Lot 197 | Clark Gable early signed, handwritten letter to his dad”) that sold for $8,000 plus buyer’s premium, and not the more expensive lot (“Lot 422 | Charlton Heston “Moses” prop Ten Commandments tablets from The Ten Commandments”) which realized $60,000 plus buyer’s premium. [Read more…]
Per Courthouse News Service, Richard Abrahamson (a former owner of Toon Art) has filed a lawsuit against John LeBold and Americana Dance Theatre, Inc. over the sale of a number of wardrobe pieces attributed to use in various Hollywood films. The complaint was filed in the Hamilton County Courthouse in Cincinnati, Ohio last week, and “Abrahamson seeks $90,000 for breach of contract and fraud, and punitive damages“, per the CNS report. One of the pieces purchased by Abrahamson (via Toon Art) from LeBold in 1999 was Elizabeth Taylor’s costume from Cleopatra (1963), which Abrahamson recently attempted to resell through Profiles in History. The report claims, “[u]pon publication of the [auction] catalogue [sic], the owner of the authentic ‘Cleopatra’ dress contacted Profiles in History to notify them of the fraudulent representation in their catalog“. [Read more…]
This is an update to the ongoing series of articles into various claims and charges of fraud in the posters, one sheets, and lobby cards art market that have rocked the collectibles industry over the past two and a half years. Today, per reports from Forbes, the Wall Street Journal, the Athens Banner-Herald, and other mainstream media sources, Kerry Haggard was sentenced by U.S. District Judge Colleen McMahon to six years and six months in federal prison. The court also ordered to pay restitution in the amount of $1.38 million dollars. [Read more…]
As reported on last year (see “eBay Entertainment Memorabilia Dealer Pleads Guilty to Fraud Charges in U.S. District Court“), eBay entertainment memorabilia dealer David Bruce Shyrock plead guilty to fraud charges in federal after defrauding over 1,200 eBay users out of nearly $175,000 by selling memorabilia with forged autographs on the popular online auction website. Today, the Joplin, Missouri man was sentenced by U.S. District Judge Richard E. Dorr to eight years and four months in federal prison without parole. The court also ordered Shyrock to pay $174,894 in restitution to his victims. [Read more…]
As part of an ongoing series of legal disputes that have challenged the manner in which eBay operates its auction business and website, today the European Union Court of Justice provided clarification on questions pertaining to a case before the High Court in the United Kingdom over a dispute brought by L’Oréal against the global auction giant. The Court of Justice ruled that eBay may be liable for the sale of counterfeit and trademark-infringing goods, based on the circumstances and what kind of “active role” it plays in the sale of the goods. [Read more…]