[perezfan]

I'm going to make the assumption that you are inquiring about one that happens to be closing tonight (and is still sitting at a VERY low price). The AH failed to disclose the obvious repairs to the legs, most visible on the reverse side. It's a crime (IMHO) that they failed to disclose it.

To me (and many other collectors of these things) it can indeed cut the value in half. In fact, it would keep me from even bidding on it. That's what appears to be happening tonight, as any semi-experienced collector of these things will see the repaired area if they just look at all the provided pics.

I would be very careful about bidding, given the severity of the repair and the lack of any disclosure. As I write this, the Trophy sits at less than 1/5 the value of a non-restored one. I imagine it will go up some, but buyer beware.

Ps. Structural damage (and its repair) is far more detrimental than loss of finish, which is inconsequential and even expected.

Hope this helps.