Skyrush Marketing Inc. objects to the sale of Diamond’s CGA

Collectible Grading Authority logo

A hearing regarding the sale of Diamond Comic Distributors and related companies is set for Monday April 7, and objections over the deal(s) are coming in. Skyrush Marketing Inc. has submitted an objection over the sale of Collectible Grading Authority (CGA).

Collectible Grading Authority is one of the numerous companies that focus on grading collectibles for collectors focusing on action figures, collectible dolls, die-cast toys, and video games.

Skyrush Marketing Inc.’s objection is over Alliance Entertainment being awarded the winning bid even though Skyrush bid higher.

According to the filing, Skyrush was declared the highest bidder with a bid of $1.65 million. Even with that winning bid, CGA was grouped into Alliance Entertainment’s winning bid.

Skyrush further claims the process did not give them a fair opportunity to compete and the asset value of CGA was not disclosed in one of the lots.

Skyrush is asking the court to consider if the sale of CFA as part of Lot D (Alliance’s winning bid) was conducted in a “manner consistent with fair auction procedures.”

You can read the full objection below:


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