I was watching the show tonight and one of the appraisers mentioned that when online searches fail, that’s when they can come to appraisers to get more information. How do the appraisers know or obtain this information? How are they able to estimate prices and give such detailed descriptions of the history of an object? This has always mystified me.
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All great comments here. I will add that if the information were not available on line, you wouldn’t know if the appraiser was accurate.
On prices at auction, when the auction is not a big one at a famous house, prices depends on who shows up. When a business I used to work at closed, I bid up the price of an old tractor because I drove that thing for thousands of hours as a young man. It finally sold for twice its value to a younger kid who wanted to use it in his business.
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