alison
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Post by alison on Nov 8, 2013 14:15:19 GMT
Is it not a bit odd that he signs things that he has worn just so they can be sold on as authentic items by someone at a later date?  |
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agent69
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Post by agent69 on Nov 10, 2013 19:10:42 GMT
Given all the other things he did in his life you should be grateful that it was only a 'bit' odd!
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debeast
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Post by debeast on Dec 11, 2013 8:29:23 GMT
More MJ stuff going on today (11th Dec)
How much of that stuff is out there? What do others think about using it as security? Personally i don't trust its value even if it is authenticated as real.
But would welcome thoughts from others
thanks
/beastie
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andy2001
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Post by andy2001 on Dec 11, 2013 19:48:30 GMT
More MJ stuff going on today (11th Dec) How much of that stuff is out there? What do others think about using it as security? Personally i don't trust its value even if it is authenticated as real. But would welcome thoughts from others thanks /beastie Without being an expert in that area it's hard to know how to rate it.
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ramblin rose
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“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
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Post by ramblin rose on Dec 11, 2013 22:26:51 GMT
What I'm starting to wonder about all this MJ stuff is whether it's all coming from the same person. If it is, then they are continually taking on more debt that they might not be able to repay. Or maybe they are just offloading it. Either way, the valuations might well get tested in a few months time.
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mikes1531
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Post by mikes1531 on Dec 14, 2013 1:48:36 GMT
What I'm starting to wonder about all this MJ stuff is whether it's all coming from the same person. If it is, then they are continually taking on more debt that they might not be able to repay. Or maybe they are just offloading it. Either way, the valuations might well get tested in a few months time. Do FS have any policy regarding multiple loans to one borrower? If not, I suggest they should have. I realise that since each loan is backed by security, having multiple loans ought not be an issue. But if you'd think differently about lending to someone borrowing £12k against £18k worth of memorabilia than you would about lending to three people each borrowing £4k against £6k worth of memorabilia then I think that FS should disclose every case where a given lender already has a loan from FS. One of the guiding principles of P2P/B lending is the advisability of diversifying total lending across multiple borrowers, and the platform operator should facilitate that as much s possible.
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alison
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Post by alison on May 13, 2014 15:40:21 GMT
And now we have a Michael Jackson default!!
Should be interesting to see how this works out.
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bugs4me
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Post by bugs4me on May 13, 2014 15:50:40 GMT
What I'm starting to wonder about all this MJ stuff is whether it's all coming from the same person. If it is, then they are continually taking on more debt that they might not be able to repay. Or maybe they are just offloading it. Either way, the valuations might well get tested in a few months time. Well, we're about to see how this valuation gets tested. Hope it's okay as I'm in one of the other MJ pawns as well.
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ramblin rose
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Post by ramblin rose on May 13, 2014 16:50:37 GMT
Isn't this the second MJ default?
Edit: In answer to my own question, yes it is. On 22nd April we were informed that loan 22084674 has also defaulted. So that's 2 MJ valuations in the balance now.
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Post by rudry2677 on May 13, 2014 17:06:36 GMT
And now we have a Michael Jackson default!! Should be interesting to see how this works out. May I ask how you found out about this please? Well done to you, RR, debeast and andy2001 for the concerning comments when this Lot came onto the market.
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alison
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Post by alison on May 13, 2014 17:08:19 GMT
And now we have a Michael Jackson default!! Should be interesting to see how this works out. May I ask how you found out about this please? Well done to you, RR, debeast and andy2001 for the concerning comments when this Lot came onto the market. I was in the loan so got an email from them around 16.30 today.
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alison
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Post by alison on May 13, 2014 17:09:13 GMT
Isn't this the second MJ default? Edit: In answer to my own question, yes it is. On 22nd April we were informed that loan 22084674 has also defaulted. So that's 2 MJ valuations in the balance now. I wasn't in that one (I don't think) so didn't get a notification.
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ramblin rose
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Post by ramblin rose on May 13, 2014 17:28:40 GMT
May I ask how you found out about this please? Well done to you, RR, debeast and andy2001 for the concerning comments when this Lot came onto the market. I'm in pretty much all of them I think. If you are a lender on a loan that defaults, FS send you notification about it and then keep you informed as and when there is progress. If you are a lender on these loans and not getting notified, then you should probably let FS know.
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bugs4me
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Post by bugs4me on May 13, 2014 17:41:06 GMT
May I ask how you found out about this please? Well done to you, RR, debeast and andy2001 for the concerning comments when this Lot came onto the market. I'm in pretty much all of them I think. If you are a lender on a loan that defaults, FS send you notification about it and then keep you informed as and when there is progress. If you are a lender on these loans and not getting notified, then you should probably let FS know. Mail received here about the MJ default - loan reference 2131040674 - 16:36 today
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Post by rudry2677 on May 13, 2014 17:49:52 GMT
Many thanks for your replies regarding notification of default. Very much appreciated. I have a very small amount placed on loan 1449422756 which is another Lot of MJ 'collectibles'.
Did I read correctly that both Lots of MJ stuff belonged to the same person? If so, I guess that both Lots will become default.
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