Is It Worth A Few Bucks Or Half A Million Dollars?
Ed, my old neighbor from Saskatchewan, skyped yesterday eager to talk about an auction he recently attended and his great buys. We both discussed how things could go for too little or too much at an auction. When you’re buying the bidding often goes too high for the money you want to spend, while when you are selling the final bid may be depressingly low.
I shared with Ed the fate of Stan Caffy, a pipe fitter, who bought a copy of the Declaration of Independence at a yard sale in Donelson Hills in 1996. He nailed it on his garage wall where it hung for ten years. After ten years of hanging on the garage wall, his wife took it and some other articles as part of a donation to the Music City Thrift Store in Nashville.