NYC auction house sued, demanded to return Florida widow's $2 million stamp collection

"A Florida widow is demanding a Manhattan auction house return her husband's $2 million stamp collection after nearly a decade - and believes some of the precious postage might now be missing. The prized collection was amassed by Stanley Marks, who first started trading stamps in 1937 when he was just 10. The lawyer, who became a member of the New York Stock Exchange in the 1950s, turned a childhood hobby into a passion until his death in 2016 at age 89,"

"The family demanded the collection be returned but claimed the auction house refused, then demanded the widow reimburse the company $56,000 for insuring the collection and release it from liability for any claims, Entner contended. "Ms. Entner refuses to be taken advantage of by Siegel Auction, which has no right to demand a ransom for the return of the stamps," said Entner's lawyer, Wendy Lindstrom. The widow is seeking at least $2 million in damages."

Stanley Marks began collecting stamps as a child in 1937 and built a prized collection before his death in 2016. The collection was split into international and U.S. portions; the international stamps sold in 2016 for $750,000. The U.S. portion, valued at about $2 million, remained on consignment at Robert A. Siegel Auction Galleries. In April, widow Shelly Entner and her son inspected the consigned material and alleged some stamps were missing. The family demanded return, and the gallery sought $56,000 for insurance and a liability release. Entner seeks at least $2 million in damages; Siegel calls the lawsuit baseless and says the family reviewed the collection at length during the April visit.

Read at New York Post