I would agree with Sean on this. When someone calls me and asks what a Creature from the Black Lagoon one sheet will bring, I will look at our archive and say, "Here is what we have gotten for this item.." I would explain that the figure does include a Buyer's Premium, but that that is the going price in today's market. The "Hammer" price plus the "Buyer's Premium" is what the piece sold for and is thus, what the market should bring for the item. I have great respect for Rudy and his opinion, but I would always appraise value by what it brought in auction with the BP.
-----Original Message----- From: MoPo List [mailto:[EMAIL PROTECTED] Behalf Of Sean Linkenback Sent: Wednesday, July 16, 2008 6:12 PM To: [email protected] Subject: Re: [MOPO] Freeman Fisher From: MoPo List [mailto:[EMAIL PROTECTED] On Behalf Of Craig Miller You buy a house for $200,000. You pay taxes on the sale of $16,000. You buy a home warranty at the same time, through the realty company, for $1000. You've now paid $217,000. You wrote a check for $217,000. What is the value of the house? Now what if you find out that the Real Estate company got a commission from the home owners and that the owners received less than $200K. What’s the value of the house? What if the home was listed for $220K, but they accepted 200K, What if you sold the house the next day for $240K, what if a bear was walking in the woods, what if you find out Elvis slept in the house, Etc. etc., etc I would argue you can’t count taxes and shipping, as they are costs that not every purchaser pays, but everyone pays the buyer’s premium. I’m actually totally in shock at Rudy’s answer and he’s the first appraiser I’ve ever heard suggest such a thing. I was an appraiser for ASA, have done many more for insurance companies, estates, etc and never have heard of any other appraiser using the hammer price – they look at the final sales price including premium. If anyone here on their insurance policy lists the hammer price as the value and not the full price with buyer’s premium (or if anyone lists what the seller’s net received was) I’d like to hear about it, as you’d be the first I know of to do such a thing. Visit the MoPo Mailing List Web Site at www.filmfan.com ___________________________________________________________________ How to UNSUBSCRIBE from the MoPo Mailing List Send a message addressed to: [EMAIL PROTECTED] In the BODY of your message type: SIGNOFF MOPO-L The author of this message is solely responsible for its content. Visit the MoPo Mailing List Web Site at www.filmfan.com ___________________________________________________________________ How to UNSUBSCRIBE from the MoPo Mailing List Send a message addressed to: [EMAIL PROTECTED] In the BODY of your message type: SIGNOFF MOPO-L The author of this message is solely responsible for its content. Visit the MoPo Mailing List Web Site at www.filmfan.com ___________________________________________________________________ How to UNSUBSCRIBE from the MoPo Mailing List Send a message addressed to: [EMAIL PROTECTED] In the BODY of your message type: SIGNOFF MOPO-L The author of this message is solely responsible for its content.
