Saturday, February 18, 2012

Always Do Your Homework, Kiddos


In a recent article I read from PSA, I read where 60% of the Babe Ruth autographs that are sent in to be authenticated are deemed forgeries. As they point out, that's an astronomical number especially considering that only the really "high-end" forgeries will be sent in to be authenticated at $200 a pop for authentication fees. Nobody is going to waste a couple hundred dollars on a a cursive written Babe Ruth piece of paper that even a 12 year old with an internet connection could tell you is fake.

The lesson here is that there are more forgeries out there than real ones. I was lucky enough to purchase one last summer and it's sitting in my safety deposit box at the bank. I bought it already authenticated so it was deemed to be in the 40% that are considered genuine by their experts. It was a business card cut that was graded a 7 and slabbed by PSA.

The gentleman I purchased it from was the original owner and he had a story of when he met Babe Ruth and got his autograph. He detailed it down to the month and the year of the meeting as well as the place. The fact he was the one who received the autograph was the single biggest reason why I knew I had to have this signature. However, there was still one thing that needed to be done.

While the seller and I negotiated, we landed on a price that he was willing to accept and one I was willing to pay. However, bargaining was not complete on my end. I told him, I am willing to pay that price tag on one circumstance: I wanted him to write a letter that detailed his encounter with the "Babe" and I wanted it as detailed as possible.

He did exactly that for me and in his letter mentioned that there was an article in the local paper about the time Babe Ruth came to town and he met him. After all of the Operation Bambino, I got a little nervous about my Ruth although I shouldn't be. I had something that more Ruth autographs do not-- outstanding provenance from the original owner.

However, it still left me wondering. So I called up the newspaper and gave the month and the year of when Babe Ruth was in this guy's hometown and they told me it might take them a while to find it on microfilm because they weren't positive it would be in the "Sports" section.

Within 45 minutes of hanging up the phone, I had outstanding news in the form of an email with a PDF attachment. It was the article that appeared in the newspaper about Babe Ruth's stop into town. What made this even more special was that the article was a terrific summary of what the man wrote in the provenance letter, just not as detailed.

It left me feeling even better about my rare Ruth signature and probably added some value to it. With that said, it's very important to find out the history of your autographs with as much detail as possible. Get it in writing especially when the autograph costs more than a couple hundred dollars. Always do your homework!

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Tuesday, February 7, 2012

Hal Chase Piece Leads To Another Halper Victim

I am a man of many projects and it seems one project leads to another. One of my current projects is collecting signatures of all of the Yankees Captains. I already have two of the toughest to find-- Kid Elberfeld (1906-1909) and Everett Scott (1922-1925).

Every collector has a "Want List" and at the top of mine is a Hal Chase autograph to fill perhaps the biggest hole in this project. I lost out on an auction in November and it's haunted me ever since.

I have a select group of dealers I purchase from and the one I buy most from told me I did the right thing not getting in too deep for the Chase. Had I won that auction in November, I would have likely paid close to $2k for it. He promises me that is crazy dollars and that I will be able to find one for about half that price down the road.

Last week, while I was driving to work, I pulled up eBay on my phone and saw there was a piece that just went to auction of Hal Chase. It was a signed portrait that came out of the Barry Halper collection and was auctioned off about a decade ago at MastroNet and Robert Edwards Auctions. Back then, not a lot of people questioned the Halper collection, but nowadays it's getting more thumbs down than approvals.

I immediately questioned the authenticity of the item because the e in Chase was a capital E. I went to my folder I have of Hal Chase exemplars and noticed my gut was right, none of my examples had a upper-case E on the end of his name. Looking at it even closer, there was so much wrong with the way they wrote Hal, just three letters they couldn't get right! I knew I had my opinion about it, and I wanted to hear from others. So I got a couple of other opinions from guys I thought would know and all three told me they would stay away from it.

That night, I noticed that the auction ended with a Best Offer $600. MastroNet auctioned this piece off for $613 10 years ago. Smells fishy! I feel bad for the seller, but I am guessing he has received word about the Halper Collection and is trying to get out of it what he put in. The next day, a fellow by the name of Sean came on Net54 and showed his Hal Chase autograph he had bought on eBay-- Yep, the same one! One of the same guys I asked his opinion for the previous day immediately replied to Sean's post saying in his opinion, it wasn't real. I added my two cents as well before editing it and writing him a private message.

After work, I called Sean and we talked for about 45 minutes and I explained to him all that I saw wrong with that particular piece. He said his brother had submitted it to PSA for a Quick Opinion and that he wasn't going to pay until the results of the Quick Opinion came back. The next morning, I got an email from Sean that PSA did in fact give a "Likely Not Genuine" opinion on the piece. He told the seller the results, and after some flack, the transaction was cancelled.

I noticed the next day, the Hal Chase piece was back on eBay. Less than 24 hours later, it was removed from eBay as a forgery. I am glad that Sean posted that on Net54 or else he would have been out $600. I feel bad for the guy that originally won this auction 10 years ago, but it is what it is. It's the worst part about this hobby-- being stuck with something you invested in as real.

I'm also very proud of myself for showing the discipline to pass on it when it's the most sought after piece on my "Want List." In the end, scarce autographs that I want and I can't easily find, give me time to study different exemplars and become somewhat of an expert on them. I immediately thought it was no good, and when I researched it, found it to be worse than I thought.

But it still leaves me searching for a Hal Chase! Preferrably in black ink! E-mail me if you have one for sale-- but include a scan! *WINK*

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