Hello all, new poster here, picked up the story on gamesniped and worked my way here. As an action figure collector, I share y-bot's concern about the market for AFA graded product. Indeed many AFA graded items never see the auction block and are instead offered at inflated prices in Ebay stores or fixed priced listings. Even if the item does not sell (which is often the case), the high prices create perceived value reinforcing the idea that AFA items sell for more.
Of greater concern is the relationship between AFA and the larger action figure dealers. Its no secret that Cloud City Collectibles popularized AFA grading. Its a little bit less clear the relationship between their former owner, Tom Derby and AFA. His name appears on a 2002 Certificate of Incorporation for AFA, available publicly from the state of Georgia here:
http://corp.sos.state.ga.us/imaging/12990948.pdf
I'm not going to speculate as to the extent of his involvement, but its fairly obvious he maintained some relationship with AFA beyond customer while at the same time a principal in Cloud City.
Of interest to video game collectors is that Tom Derby and Brian's Toys have teamed to under the banner of Premier Collectible Auctions. Their first live sale will take place July 25 & 26th in San Diego, CA and will include over 40 lots of sealed, graded video games. The auction catalog is available here -
http://www.premiercollect.com/catalog/full.zip
Given Derby's previous relationship with AFA, I wonder if his and Brian's Toys' entry into the game market might have influenced AFA's decision to begin grading video games.
DEMOLITION