Quote:
Originally Posted by calvindog
If the choice was to follow what your insurance company told you to do or else they wouldn’t cover a penny of the loss, or do it your own way, not have the auction, and lose $2 million, what would you do?
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Did the insurance company tell them that? If not, the argument about running them in the auction to establish value is bogus. Thousands of insurance claims are made every day, and fair market value is determined by appraisers and/or recent, comparable sales.
You don't have a collector who suffers flood damage to his collection say, "Gosh, my high-end cards are ruined. I'd better find an AH that will run phantom auction listings for me so I can determine what they were worth... "