LET's PRETEND FOR A MOMENT (to simplify for some simpletons)
that several Net 54 members, among those Glynparson, Chris Agard and a few others buy a T206 set in an REA auction
The set contains a Plank PSA 6, recently sold for $188,000
They pay $350,000 for the set calculating the above value for the Plank, and
$162,000 for the rest of the set, totaling $350,000 which is $410,000 INCLUDING buyer's premium
Y'all get the shipment with the Plank being a PSA 5,and call REA
You are told that the consignor made a mistake and sold the PSA 6, replaced it with a PSA 5 but didn't change the registry and that the auction was mistaken as well. You then get told that the SMR value of the set is $485,000 and since you paid 85% of that you would get 85% of the SMR value of the Plank which is ONLY $135,000 in PSA 6, SMR being a lousy guide at best
THAT MEANS YOU GET OFFERED $114,750 FOR WHAT WAS SUPPOSED TO BE A PLANK PSA 6 WHICH YOU VALUED AT RECENT SALES OF$188,000
THAT'S WHAT HAPPENED TO ME--I WAS OFFERED 85% of SMR and other ridiculous insulting offers even before the discussion of taking the set back ever happened.
So I guess you/y'all would have said , "Fine, we;'ll take the $114,000 and return the Plank PSA 5. If you say that you would have accepted that, you're a liar.(s)
All I expected was to be treated fairly from the beginning--not having to haggle over $300.00 which they did for days on end after I had spent over $60,000 on different auction lots...and for those who pointed out that most of that goes to the consignor, almost $10,000 went to REA--
bill
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