Mastro Jordan Fraud Story in NY Daily News

[allstarsplus]

Thanks for the Post and lots of props to GUF. Hopefully we can get some updates as the story unfolds more. With the FBI involved, this will not be a happy ending for someone or someone(s).

The shirt has also attracted the interest of the FBI, which as the Daily News reported last month, has already begun an investigation into business practices at Mastro Auctions, sports memorabilia's largest auction house.

Looks like there is at least one Mr. X between Inselberg to Mastronet as the shirt looks like it went from Jim Reed to Eric Inselberg to Mr. X to Mastronet.

Mastronet's price looks like it went for $11,000. Just curious, does anyone know what Jim Reed sold it to Inselberg for?

Reed said he sold the shirt to Eric Inselberg, a New Jersey dealer/collector, late last year, but he is convinced it is the same item Mastro sold this month. "This thing was in my display room for three years," Reed said. "I know my shirt."

Inselberg told the News he sold the shirt at a Westchester memorabilia show in January. Inselberg claimed he didn't know the buyer and since the buyer paid cash, he had no way to contact him.

[both-teams-played-hard]

Looks like there is at least one Mr. X between Inselberg to Mastronet as the shirt looks like it went from Jim Reed to Eric Inselberg to Mr. X to Mastronet.

This is easily the best work of this forum.
I would still like to know if there really is a "Mr. X". The existence of a "Mr. X" has only been verified by Mastro and Inselberg. Doesn't Mastro know the name of the consignor?

The Jordan shooting shirt is now officially, "infamous".

[allstarsplus]

Doesn't Mastro know the name of the consignor?

Of course Mastro knows who their consignor is, as the consignor wants to get paid at some point they would have filled out consignment paperwork.

There's no consignor-client privilege here that I am aware of. If Mastro wants to find out what is really going on, Mastro should post the name of the consignor at this point.

Andrew

[both-teams-played-hard]

I thought it would be refreshing for folks to see the real Jordan shooting shirt. These photos were taken by my Dad in January 1984 in Raleigh, North Carolina. The first photo is Mike and his college roomate, Buzz Peterson. The second is Dave Popson, Sam Perkins and Joe Wolf (doesn't he look just like current Heel, Tyler Hansbrough?). Notice MJ's bald head. This is the first photo of Michael Jordan EVER taken with a shaved head. He shaved it before this game with N.C. State. He let his hair grow after this, and never shaved it again until he was a Chicago Bull.

[gridman80]

Of course Mastro knows who their consignor is, as the consignor wants to get paid at some point they would have filled out consignment paperwork.

There's no consignor-client privilege here that I am aware of. If Mastro wants to find out what is really going on, Mastro should post the name of the consignor at this point.

Andrew

MY take is that Mastro could easily help protect their reputation to a large degree by divulging the identity of the consignor. Given that they have not done that, it might be reasonable to conclude that they have a significant relationship with the consignor, and that more damage would be self-inflicted by revealing the name of the consignor.

[both-teams-played-hard]

MY take is that Mastro could easily help protect their reputation to a large degree by divulging the identity of the consignor. Given that they have not done that, it might be reasonable to conclude that they have a significant relationship with the consignor, and that more damage would be self-inflicted by revealing the name of the consignor.

It would also be nice to know the consignor's consigning history. What other items have they consigned? Have they consigned to other auction houses?

[Eric]

Here's what Doug Allen said about the consignor....

"The person who consigned the Jordan shirt gave us a few things in 2003
and nothing since then. It is my opinion that he purchased the shirt
thinking it was good. That is all I am at liberty to say about him."