Quote:
Originally Posted by bigfanNY
I read this article a few days ago and I am interested in how it plays out. One of the arguments made by the original sellers family was that thr Buyer advertised that he gave appraisals. Well we all know that an appraisal is just an opinion. If it was his opinion that he could resell it it for three or four hundred dollars. Then he paid a fair price for the item. He reached out to a couple other guys who agreed with his opinion/ Appraisal. Looks above board and fine.
Then he contacts an auction house that specializes in these types of items. And they say he " may have something" so carbon dating is done buyer asks sellers gardner if he has any knowledge of how it was obtained. So after all testing is complete it turns out it is worth 300 to 400k acording to auction house estimate. Then at sale it reaches 4.4 Million dollars. Then original seller cries foul!!
But I dont see any fraud.Buyer acted on his opinion of what it was worth. So it's not like Buyer found a Wagner and paid $157 for it more like he saw a an obscure type card that he saw similar cards sell for 3-4 hundred and paid about 50%. Then he contacts an AH who realizes that the card is an unknown variation tied to a very popular set ...like 33 Goudey and .....you get the picture.
So I cannot see the fraud. Ethics... I dont see any problem with buyers Ethics.
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Suspicious that he went back and asked the sellers gardener. Why did he not ask the sellers themselves???
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