dragon-wings From United States of America, joined Apr 2001, 4055 posts, RR: 0 Posted (3 years 10 months 2 weeks 6 days 14 hours ago) and read 2592 times:
A man from Defiance Ohio was cleaning out his attic and found baseball cards from 1910. Experts say the cards are the real deal and could be worth up to 3 million dollars!! Imagine cleaning out your attic or garage and finding something like that? That is one lucky man!!
geezer From United States of America, joined Aug 2010, 1479 posts, RR: 2
Reply 4, posted (3 years 10 months 1 week 6 days 7 hours ago) and read 2178 times:
Until about 2 years ago, my fiancee' and I were in the antique business; (that's the "polite" way of saying it ); in other words, she worked part time, 2 days a week in the antique mall, and we rented two spaces and also sold our own jun....'er, antiques;
In the very front of the store there was a guy (who worked at the Social Security Office), and who also had a large show case where he sold baseball cards, football cards, and various other items; he did a GREAT business ! I often thought, if you considered his total time spent, and his total overhead (very few square feet needed for his case), therefore very low overhead, he probably netted more than any other vendor in the store. ( It takes no time to order sports cards from Fleer) so he didn't spend half his time running around to auctions and garage sales like everyone else.
The problem for me though, it's a "dumb" business ! I know, we all hear all of these stories about million dollars finds in aunt Jane's attic, we all watch "Antique Road Show", we all see and hear all of these marvelous stories.............but there's just one problem; the odds are better if you play the lottery !
To illustrate what I mean, the story in the paper says these cards are "worth millions"; ( not "these cards SOLD for millions; just that they are "worth" millions; there's a HUGE difference between the two !
One of the very first things you learn when you start "dealing" in antiques, sports memorabilia, or anything else that used to belong to someone, and you are now trying to sell to some one else, is..............it's "worth" precisely what someone pays you for it; and even then, only AFTER his check has cleared, or his CASH is out of his hand, and is now in YOUR hand; only then does anyone know what it's worth.
Ever watch Antique Road Show ? You're watching the very top of the pyramid; the people there are the REAL DEAL; they are the best there is, each in his or her "field"; but even with them, it's just an educated guess; all of these people have been buying and selling stuff for years and years; and I'm sure not knocking them; but when "expert" so & so tells the lady with the ___________(what ever it is from Aunt Jane's attic), "It's worth "about $9,000", the lady with the "item" may have it for a very long time before she's able to sell it for half of $9,000; it just depends on so many different things; say she takes it to a really high class auction house in NYC; first, it depends on who's there; who's "interested" in that particular doodad; on a good day, with the right fool in the audience, the thing might sell for $10,000; then the "house" grabs their 33% off the top, (what, you thought they did this for free ?) So now she's back to $ 7,000 in hand.
That's how it works.
Yeah, they may be worth "millions".........but don't spend it til you get it in your hand !
Stupidity: Doing the same thing over and over again and expecting a different result; Albert Einstein