Basketball Hall of Fame Sues Grey Flannel

[cliffjmp33]

Just read this article. Be interesting to see if the Hall partners with anyone going forward and what the future holds for Grey Flannel.

http://www.sportscollectorsdaily.com/basketball-hall-sues-grey-flannel-terminates-contract/

[seanbaseball]

Not speaking of Grey or any other auction specifically, but I wonder if a day will come that a big house does an auction, collects proceeds from bidders and then files bankruptcy. Hope I never see it!

[Phil316]

Thanks for this post.

[mbenga28]

Have any of NBA game used items with Grey Flannel/Basketball Hall of Fame LOAs ever come into question in terms of authenticity? If so, can someone post some examples? Thank you.

[teddy406]

It's happened. American Memb. owed me 26k. They claimed bankruptcy and I never saw a penny.

[danesei@yahoo.com]

It's happened. American Memb. owed me 26k. They claimed bankruptcy and I never saw a penny.

The items that they had consigned to them didn't actually belong to them, so how was the bankruptcy proceeding settled? Did you file a claim against the company in bankruptcy court as a creditor? Were the unsold items returned to consignors?

[seanbaseball]

I would assume they sold, collected money and shipped the consigned items and then filed bankruptcy, never paying the consignor.

[DeacDoug]

Anybody get the Grey Flannel catalog? I have about ten items going. Bidding seems to be down somewhat. Can't understand why Grey wouldn't pay the Hall unless they haven't got it. It was a win-win for everybody.

[teddy406]

Oh for sure. Got a lawyer, we won, but you can't get money from them if they "don't" have it anymore. It sucked. But just know it can happen.