Value of this 1945 Commissioner's contract

[tazdmb]

Originally Posted by Bestdj777

My guess is $5,940.

I know I saw this auction and the contract was believe it was even advertised in SCD. I agree that the selling price (was it $5,940?) would be the FMV. None of these autographs in itself are truly rare and when I saw the auction, i figured someone is going to buy the piece and cut it up.

[Bestdj777]

Originally Posted by tazdmb

I know I saw this auction and the contract was believe it was even advertised in SCD. I agree that the selling price (was it $5,940?) would be the FMV. None of these autographs in itself are truly rare and when I saw the auction, i figured someone is going to buy the piece and cut it up.

Yep, it went for $5940 with the buyer's premium. Hope the fact that none of them are truly rare will mean that it will ultimately stay intact. It would be a shame for something to survive 70+ years only to be cut up (not saying I think that is the buyer's intention only that I'm sure that will be someone's thought at some point in time).

[Topnotchsy]

Originally Posted by tazdmb

I know I saw this auction and the contract was believe it was even advertised in SCD. I agree that the selling price (was it $5,940?) would be the FMV. None of these autographs in itself are truly rare and when I saw the auction, i figured someone is going to buy the piece and cut it up.

I’m not sure I understand your post. If the expectation is that a document like this would be cut up for its signatures, then wouldn’t the market value be the value of those signatures, which is likely a decent amount less than the item sold for?

[packs]

Maybe he means the signature pages. It's a 12 page document but only the signature pages carry the value.

[tazdmb]

Sorry-I will expand, when I first saw this piece advertised in SCD, I thought that this is not being sold at a top auction house and a bidder will jump in and buy it low just to cut it up.

[Duluth Eskimo]

This is a really cool piece