View Single Post
  #22  
Old 12-26-2014, 11:13 AM
Runscott's Avatar
Runscott Runscott is offline
Belltown Vintage
Member
 
Join Date: May 2009
Posts: 10,657
Default

Quote:
Originally Posted by Pickles View Post
BTW Mark (Lordstan)

An 1nteresting side note, let's keep it simple:

You have a Ruth auto (paper) which, if authentic is worth >$10K (eBay numbers)
If not authentic is worth #0.02
It can be bought for $2000
You consult 2 of your most trusted experts, call them Peter and Joseph. One says is authentic, one says is not. You also believe it is authentic. So it is 2:1

Do you pull the trigger at $2,000, (20% of BV) or do you have to be above a specific threshold (say 9 out of 10 experts) to get there????
It is generally not that black and white. If you know the autograph well enough to feel good about it, then call your two experts to validate your own EXPERT opinion, you are more likely to have one say "I like it" and one say "I don't feel comfortable with it", then "authentic" and "not authentic". You then find out why the "no" guy has his opinion and you address his concerns. He might very well change his opinion. I have had this happen many times.

If you want to buy an expensive autograph, you are not an expert, but you know two experts who tell you "I like it" and "I don't feel comfortable with it", and you trust each opinion equally, then I would not buy it. Becoming somewhat of an expert yourself opens you up to a much larger part of the hobby.
__________________
$co++ Forre$+

Last edited by Runscott; 12-26-2014 at 11:14 AM.
Reply With Quote