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…]
Bill Mastro of Mastro Auctions Sentenced to 20 Months in Prison for Shill Bidding & Fraud
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…]
The 8th Annual Original Prop Blog “Year in Review” for 2014: News, Developments, and Trends in Collecting Original TV & Movie Props, Costumes and Pop Culture Memorabilia
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…]
The Original Prop Blog 2013 Year in Review: News, Developments, and Trends in Collecting Original TV & Movie Props, Costumes and Pop Culture Memorabilia
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…]
Mastro Auctions Scandal: Bill Mastro Pleads Guilty To Fraud & Altering Memorabilia; Faces Up To Five Years in Prison
The New York Daily News lead mainstream media reports yesterday about “disgraced sports memorabilia kingpin” Bill Mastro of Masto Auctions plead guilty to mail fraud and admitted to trimming/altering a high value trading card to increase it’s value. Mastro will be sentenced by U.S. District Court Judge Ronald A. Guzman, and faces up to five years in prison. [Read more…]
A Confession and The Psychology of a Fraud and Forger (“Caveat Emptor”)
CBS News has broadcast a fascinating feature and interview with Ken Perenyi, a self-taught artist who fooled the art market and auction houses with forgeries of paintings. His method was to bring paintings he himself made into auction houses, and ask them what he had, saying now in retrospect, “risk is addictive“. [Read more…]
Vintage Poster Scandal Update: 1931 Dracula Poster Lawsuits & Default Judgments – Profiles in History vs. Thomas Rega / Thomas Rega vs. Studio Conservation
One of the most significant scandals to hit Hollywood memorabilia collecting in the past decade was a series of discoveries in the poster community relating to purported fraudulent movie posters and one sheets. A new update was published yesterday on the MoPo Mailing List at FilmFan.com by Dianne Jeffrey, President and CEO of Studio Conservation Inc. Ms. Jeffrey was the professional who did some of the restoration work (in good faith) on the Dracula poster consigned to a Profiles in History auction in which it was featured on the cover of their “Hollywood Auction 37” sale event in 2009. Ms. Jeffrey has stated on MoPo that she received notice of a default judgment against her from Thomas Rega “in the amount of $263,312.50, plus attorney fees of $18,134.80”; she is a resident of California and the lawsuit was filed against her in New Jersey and she did not represent herself and/or her business in court. Interestingly, Profiles in History was previously awarded a default judgment against Thomas Rega in their own lawsuit filed against him in California. [Read more…]
The Original Prop Blog 2012 Year in Review: News, Developments, and Trends in Collecting Original TV & Movie Props, Costumes and Pop Culture Memorabilia
As per tradition, (see 2007 Year in Review, 2008 Year in Review, 2009 Year in Review, 2010 Year in Review, 2011 Year in Review), what follows is an editorial featuring my personal observations and opinions with regards to the business of buying, collecting, selling, preserving original pop culture artifacts – looking back at the top trends, developments, and news stories of 2012. 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…]