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a few months back, the father of a good friend of mine passed away. during the cleaning out of the house, a package of opals with accompanying appraisal reports was discovered. apparently, the father liked opals and though they were going to be the next big thing as investment vehicles and so bought a bunch. as an example: one of the reports, which dates from 2012, is for a 5.78 carats stone given an "approximate retail replacement value" of around $7,000.00. I've seen the stone and it matches the report. If my friend were to try and sell these stones, approximately what sort of discount would be expected when compared to a retail price? should the stones be reevaluated and reappraised now that 12 years has passed? or was the old man ripped off?
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Jan 8, 2024 21:40
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| # ¿ May 22, 2024 18:39 |
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Tunicate posted:Like any retail good you shouldn't expect to be able to sell for retail price unless that's your full time job. The opal attributes for the example are as follows: quote:Shape: Fancy cabochon Does this tell you any more? Would it make sense to have them reappraised at a wholesale price? My initial opinion to the friend, with this based on nothing, was that he probably shouldn't expect any more than 50% at most of the appraised value and probably only 25% if he were to try and sell the stones bedpan fucked around with this message at 22:28 on Jan 8, 2024 |
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Jan 8, 2024 22:03
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