Well a longtime forger from Missouri who was once well known for passing many forgeries of John Wayne Gacy on unsuspecting collectors and dealers is back and working under three aliases.
His expertise with the pen is signing autographs of Muhammad Ali, Michael Jordan and Michael Jackson.
The forger has recently been scared of being exposed and refunded a dealer on 500 signed photographs of Muhammad Ali. The forger well aware of and taking advantage of the incompetence of the high profile third party authenticators sent in 10 photos with forged signatures of Ali. The forger gets them COA’d and shows the photographs to a dealer along with the COA’s. The forger wants $50 a piece for the forged signed photo.s However, and here’s the game, if you take others with the same style signature without the COA’s you can have them for only $30. Therefore the dealer only has to pay $15,000 for the 500 signed photographs.
The dealer felt $20 per photo was a huge savings. He also knew that with a volume of 500 photos he can get the authenticating company to authenticate them for a fraction of the $20. However, the incompetent authenticating company got the 500 photos and turned them all down. The dealer who now owns the photos screams bloody murder telling the authenticating company that they OK’d 10 from the same batch just weeks before.
The well known high profile authenticating company states they get nervous when they see so many of the same item.
What ever happened to being able to authenticate a signature whether it’s on one item or 500?
This is not an isolated incident. Problem is if the submitter is a forger of signed pieces and is someone known or a good customer to the authenticating company, the items get passed. Thus the forgers have an ally in the authenticating companies. The high profile authenticating companies are flooding the market with forged autographs.
Sunday, September 26, 2010
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