Personally I think this is simply bound for failure. While they can improve and be best on some of the loose ends, the overall authentication issue will persist - at least as long as it continues to be meeting quota over having exact results that can be trusted.
As it has been said before, I also don't see where they are going to find the experts they would need to hire.
And if you are a true expert, I guess you'd rather strive for a career with one of the big, prestigious, auction houses. At least I would, if in that position. So this is obviously highly IMHO.
And who is going to train the newly hired? Those that obviously have failed to properly authenticate the items in the past? Aka learning by doing? How long are investors/shareholders going to quietly sit and watch something like that?
They are way overrated, all while they are trying to push what is basically a difficile niche-market business into the same sphere that large mainstream online retailers are in - not recognizing vital differences - and that mainly because of a current "craze" that allows these resellers to temporarily rise and shine. This situation is not going to last.
A business model like T*R*R's can only survive on the trust and confidence of their customers. With the bad press & reaction to customers voicing their opinion, they are definitely killing what is (was?) left of it.
Personally, I would have never bought anything from them in first place for many different reasons - and I feel 100% confirmed that they do not have the means to really guarantee authenticity, albeit they do get it right (have gotten it right) more often than not, I would hope at least. Even if maybe only because they have more honest than dishonest consignees.
I really don't want to know how many people are questioning their purchases now, and how many fakes are carried by unsuspecting buyers who "don't do tPF/ social media / general interacting on the internet ... "
And what's even worse, what about the items that have been sold again, on the provenance that they were originally sold through T*R*R.
Just the author`s (my) random thoughts/ramblings ....
Kind regards,
Oliver