Am I reading and understanding this comment correctly? That you are publicly hoping and expressing that MP Grading fails?
and here I was thinking if MPGrading and CGC had only been doing this a couple of years earlier, maybe Haggard would not have been able to scam people for nearly $2 million dollars.
But maybe Charlie is right, if there was no MPGrading, then posters wouldn't sell for a lot of money. Oops, that's already happened.
Well certainly investors have never been in this hobby before now though, right?
Oops, I guess we're 20+ years too late to stop that also.
http://www.liveauctiontalk.com/free_article_detail.php?article_id=462Although I agree that MPGrading should really perhaps just perfect and worry about MPAuthentication and doing their DNA stamp on posters to identify them for insurance purposes does seem to have some uses.
But leave the grading part alone. Without slabbing the item, grades are useless
The simple fact is that "investors" will never flock to this hobby, even without grading, as long as exit costs remain high (20%-30% for Bruce or Heritage), the need for some certainty and liquidity is far too variable for most investors, and price volatility is too extreme.
No, the best pieces/collections will continue to be bought by long-term collectors who have a love for the hobby.