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To: Michael Sphar who wrote (11503)7/20/1998 3:53:00 PM
From: DScottD  Read Replies (1) | Respond to of 71178
 
Let's see here.

My name is George Pickett, V. My father, George Pickett, IV leaves me a trunk full of a bunch of old Civil War junk that I probably know was handed down to him by his pappy, George Pickett, III. This tells me maybe it's worth something.

Now I hear tell of a battle in the Civil War known as Gettysburg. Since I live below the Mason-Dixon Line, I have heard a bunch of stories in the lore of the Confederacy; none more famous than the ill-fated, heroic charge during that there Gettysburg battle led by General George Pickett. Funny that he has the same name as I do.

You don't suppose we're kin, do you? Nope. I'da been told if that General Pickett were relation. Still, there's all this Civil War stuff my daddy gave me. I wonder how much it's worth.

What? That damn Yankee sold my Civil War stuff for 10 times what he paid me for it? It's General Pickett stuff? Why didn't he tell me General George Pickett was my great-great grandfather. Why I'll sue the SOB to get my stuff back and my money too.

Senator Helms should start an investigation right quick. Those artsy-fartsy Northerners are dupin' his constituents again.



To: Michael Sphar who wrote (11503)7/20/1998 4:12:00 PM
From: Gauguin  Read Replies (1) | Respond to of 71178
 
Something IS a lil fishy there. ""Any claim that we under-appraised the items or defrauded (him) is simply untrue," Uh huh, the stuff escalated 1000% in value in two weeks. And gee, yah, most of my appraisers allow ME to set the price. ".....says Pickett set the price himself." If the appraiser/purchasers really were agreed, requested, assigned or paid to appraise the goodies, as opposed to just slobber on them til they could get Pickett to leave, I'd sue them too; for a lot more than $870,000.

Notice how eager people are to call people, who get ripped off by bad and nasty people, idiots. Who should have known, just should have known, they were getting ripped off by bad and nasty people; instead of being pissed at the bad people who walk away with money what wasn't theirs.

And yah, he should know more about his history, but what's that got to do with the transaction.

I'm surprised the headline wasn't: "Pickett's Under-Charge Twice".




To: Michael Sphar who wrote (11503)7/20/1998 10:56:00 PM
From: JF Quinnelly  Read Replies (3) | Respond to of 71178
 
Where do I sign up? Let's liberate Pickett's trunk from those lyin' Yankees.

My great grand uncle was up there at Gettysburg, albeit he was with Barksdale and not Pickett, but I'll be glad to help out. Let's burn Harrisonburg to the ground.



To: Michael Sphar who wrote (11503)7/21/1998 4:05:00 PM
From: Thomas C. White  Read Replies (2) | Respond to of 71178
 
Basically, I think the legal issue would be that if the buyer was required to provide a bonafide appraisal of approximate retail value, and then negotiated a purchase based upon some discount from that value (basically, a reseller's discount), then the buyer would not have a let to stand on. It would be clear that he had lowballed the appraisal. Particularly, it would have probably taken Pritchard most of the ensuing two weeks just to wrap up the sale (the museum would need its own appraisal, price negotiation etc.) However, if there was no bonafide appraisal required as part of Pickett's deal with Pritchard, then Pickett may not have much of a case.

However, I would imagine Pritchard would settle for giving back a substantial piece of what he got -- facing a jury in a situation like that would not be pretty for him, not only due to the fact that he could get slammed with a judgment, but also due to the effect on his reputation.

An old saw in the art and antiques biz -- NEVER sell to the same guy that did your appraisal without getting another one first.