While investors cringed at falling stock prices on Wall Street Monday, those who'd put their money in high-grade vintage baseball cards were feeling pretty good. Dozens of 1970s PSA graded cards were sold at auction including two that brought over $40,000. Heritage sold a 1970 Topps Nolan Ryan PSA 10 and 1975 Topps George Brett rookie card for $40,630 each over the weekend. … [Read more...]
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Lawsuit Adds More Intrigue to FBI Investigation
The FBI is continuing its investigation into the activities of various individuals in the sports memorabilia industry and now comes word of a lawsuit involving a seven-figure purchase of baseball memorabilia. A northern California collector’s lawsuit against John Rogers and his Arkansas-based Rogers Photo Archive is the latest entry into a long and winding journey that began … [Read more...]
Nash Pleads Guilty to Tax Fraud
Albany County, NY District Attorney P. David Soares announced Tuesday that Peter Nash, aka “Prime Minister Pete Nice,” 47, of Clifton Park, has pleaded guilty to criminal tax fraud. Soares says between April 15, 2010 and April 15, 2012, Nash failed to timely file New York State Personal Income Taxes for the tax years of 2009, 2010, and 2011. In April, Nash was ordered … [Read more...]
Freed From Legal Challenge, 1912 Red Sox World Series Trophy Finally Being Sold
The lone surviving championship trophy from the 1912 World Series championship won by the Boston Red Sox is finally on the auction block. Originally slated to be sold at a special Fenway Park event in 2008, the trophy had been tied up in a court battle. Now, it’s in Heritage Auctions’ Platinum Night event with a high bid of more than $143,000 including the buyer’s premium. … [Read more...]
Judge Gives Frasers Ownership of 1912 World Series Trophy
Nearly a century after it was first made, ownership of a trophy presented by team members to 1912 Boston Red Sox player/manager Jake Stahl has been decided. A New Jersey judge ruled recently that former rap star and vintage baseball memorabilia collector/dealer Peter Nash had acted "in bad faith" and has no legal claim to the trophy. The complex story has been playing out … [Read more...]
Owed Money, Attorneys Withdraw
The law firm representing memorabilia dealer Peter Nash in a case involving the proposed auction of a 1912 Red Sox World Series trophy says they're bailing out. Three lawyers from the Hoboken firm ChronakisSiachos LLC filed papers in New Jersey Superior Court recently, indicating they hadn't been paid for their services during June, July, August and September. Peter G. … [Read more...]
Judge Rules Nash in Contempt Of Court in REA Case
The long-running legal fight between Robert Edward Auctions and Peter Nash has resulted in contempt charges against the former rap star. A Manhattan Supreme Court Justice is giving Nash and his wife two months to produce tax returns and other financial documents or face arrest. A court issued a $760,000 judgment in favor of REA in 2008 and attorneys for the auction house … [Read more...]
Auction House Still Battling Ex-Rapper
Robert Edward Auctions is still attempting to collect the remainder of a $760,000 judgment against a former client. Peter Nash, a baseball historian and collector who once gained fame with the rap group 3rd Bass, sued REA a few years ago over memorabilia he had turned over as collateral for a loan that was sold when REA says the loan wasn't repaid. REA counter sued and won. … [Read more...]
