Posted By:
Bottom of the NinthJohn,
I am not going to guess what was going through the minds of the folks at Mastronet, the original owner or the buyer. I was shocked to see that Mastronet was the entity to broker the deal, as I was not aware they had anything to do with the original owner by the time he left the National or anytime thereafter. I was under the impression that a certain dealer had locked up brokering the deal.
In my assigning a value to the set I estimated a value of 1.5 million based on the sum of the parts, based solely on the issue, condition, demand and desirability. Since I was not privy to the deal I cannot tell you why Mastronet, as you put it, lost 1.2 million in profit. I have no idea of the complexity of the sale. I agree that Mastronet is a company that possesses vast hobby knowledgeable and business acumen therefore making a 1.2 million mistake would never happen. For a all I know maybe this is nothing more than a publicity stunt from the sale point of view.
Greg