One of the hobby’s trading card marketplaces is suing Beckett over a Steph Curry rookie card it graded six years ago that was later discovered to have been trimmed.
In its complaint filed in U.S. District Court and first reported by attorney Paul Lesko, Alt is suing for negligent misrepresentation to recover what it says is the current fair market value for the card.
Alt’s attorneys say BGS took the 2009-10 Topps Chrome #101 Steph Curry Gold Refractor for authentication and grading in October 2016. The card was given a 9.5 Gem Mint grade and one was of at least 13 others the company had graded to date.
In October 2020, still in its Beckett 9.5 holder, the card was consigned to Goldin Auctions where Alt purchased it for $168,000. Alt kept the card in its secure vault until deciding to cross its grade from BGS to PSA last August, hoping the latter’s certification and grade would increase the value. Alt removed the card from its Beckett slab before submitting it.
PSA’s graders determined the card was short top to bottom and had likely been trimmed. They then returned the card to Alt.
A couple of weeks later, Alt sent the card to Beckett for another evaluation and this time, Alt says Beckett indicated “the card was deemed altered by our graders.” BGS told Alt that the card “measures short [and] the top edge is inconsistent with the others [graded by BGS].”
Alt claims after Curry helped lead the Warriors to the 2022 NBA title, the card “would have been worth over $350,000 by August 2022,” had it not been trimmed. In the lawsuit, they claim
BGS “failed to exercise reasonable care or competence when it first evaluated the Steph Curry Rookie Card in October 2016.”
“As a result of BGS’ negligence, Alt suffered more than $350,000 in financial losses,” Alt’s attorney’s wrote in the complaint. “But for BGS’ misrepresentation of this Steph Curry Rookie Card as being unaltered, Alt would have purchased and invested in another truly unaltered Steph Curry card from the same series, or a similar asset. But, instead, relying on BGS’ representations, Alt massively overpaid for a nearly worthless “trimmed” Card.”
Alt is seeking $350,000 in damages.
Beckett has not yet responded to the suit.
This could make for some awkward family gatherings over the holidays.
Golf icon Gary Player is suing his son and grandson over memorabilia he says was supposed to be returned to him.
In 2021, Player’s Masters trophy was sold at auction for $523,483.
The Palm Beach Post reports that the 87-year-old player had been trying to resolve the years-long dispute but to no avail.
MeiGray has launched an auction of Connor McDavid game-used memorabilia through its partnership with the NHL superstar.
McDavid’s skates from the 2019 NHL All-Star Game are among the ten items in the auction, along with another pair of skates and two helmets, all from the 2021-22 season.
A pair of gloves worn in nine games of the 2020-21 campaign, a game-used stick from that season and four pair of game-used socks are also on the block.
Bidding on the skates, helmets and stick starts at $1,000 while the socks carry a $250 opener.
Bidding runs through January 11.
Former NBA stars George Gervin, Dave Bing, Bob McAdoo and Jason Williams join Baseball Hall of Famer Frank Thomas as autograph guests at one of the hobby’s first major shows of 2023.
The JP Sports/Rock Solid Promotions event is set for Jan. 14 and 15 at the Westchester Marriott in Tarrytown, NY.
It’s a 200-table show that runs from 10-5 Saturday and 10-4 Sunday.
The 3rd Annual Facebook Wax and Packs group raised twice the amount it was hoping for in its third annual charity auction.
Group members donated vintage boxes and packs which were sold for a total of $10,000.
Money raised was donated to the John Thiessen Children’s Foundation who accepted the check from the group this week.