Fabergé Spider on Pawn Stars

[Nik]

Same shit.

You're selling your stuff.

 

[Homerboy]

Same shit.

You're selling your stuff.

Umm no its not. Are you really this dense? Hell in the show they say "Do you want to PAWN it or SELL it." If they meant the same thing it would be awfully redundant wouldn't it?

When I go get a LOAN on my house, its not selling my house is it?

 

[ViviTheMage]

Same shit.

You're selling your stuff.

Pawning is taking collateral out on a really shitty, high interest loan due in days usually....think loan shark. If you do not pay it though, they won't break your fingers/limbs, they just keep the item, or sell it themselves. Kind of like if you stop paying your mortgage, they take your house.

 

[erikistired]

Depends...why?

people bitch about getting tickets when they are clearly in the wrong all the time.

 

[MagickMan]

I do indeed want money, but I'd prefer buying and selling stuff that I personally see the value in. Unnecessary decorative items don't appeal to me, so I'd have trouble judging what they're worth. Apparently stuff that does nothing more than sit on a shelf can be quite valuable to some people. I just can't wrap my brain around why, so I avoid the whole category of items.

Obvious troll is obvious.

"I don't want gold and gems. I can't see why they're worth anything."

Funny stuff, keep it going. :biggrin:

 

[juiio]

I'm finding it kinda hard to believe the show is staged though

Did you type "is" instead of "isn't" on accident?

Here's a thread on the History Channel forum about how a Coke machine that was "restored" on the show changed to a completely different model:

http://community.history.com/topic/7447/t/The-final-Coke-machine-thread.html

Obviously a restorer picks and chooses parts of various machines when restoring a machine, but there is no way they would change that much on the exterior. It is a completely different design.

 

[SlitheryDee]

Obvious troll is obvious.

"I don't want gold and gems. I can't see why they're worth anything."

Funny stuff, keep it going. :biggrin:

It's the truth. I know gold and gems are worth something on the open market, but they're only worth something because people want them. When we're talking about jewelry people only want them because they are pretty and/or have some element of historicity. Neither of those seem like good reasons to want to pay exorbitant amounts of money for something, but apparently they are enough for many people. I don't get it.

 

[juiio]

I know gold and gems are worth something on the open market, but they're only worth something because people want them.

That is true of anything that has value, whether it is gold, gems, US Dollars, Euros etc.

 

[zinfamous]

This guy knows the value of a Faberge.

 

[DangerAardvark]

Umm no its not. Are you really this dense? Hell in the show they say "Do you want to PAWN it or SELL it." If they meant the same thing it would be awfully redundant wouldn't it?

When I go get a LOAN on my house, its not selling my house is it?

Yes.

 

[PhaZe]

I finally saw a full episode last night and I gotta say that many of the customers got a free appraisal from an expert, yet still still accepted the super low ball offers from the pawn shop dudes.

They showed the older guy with glasses and a beard who works at the museum I think and said some crap was easily 10k and the owner sells it for 1k. And then a historic gun expert appraises a gun that could be upwards of 25K and the owner settles for 5k. I would have waited for the right buyer!

 

[chowderhead]

I finally saw a full episode last night and I gotta say that many of the customers got a free appraisal from an expert, yet still still accepted the super low ball offers from the pawn shop dudes.

They showed the older guy with glasses and a beard who works at the museum I think and said some crap was easily 10k and the owner sells it for 1k. And then a historic gun expert appraises a gun that could be upwards of 25K and the owner settles for 5k. I would have waited for the right buyer!

well, there is a reason they are in a pawn shop. They do not want or cannot wait for "the right buyer." Yes, something could sell for 25k at auction but someone who needs money today can't wait months to get their items to auction. That is what the pawn stores do ... pay them cash money for their goods today. Ebay or craigslist ... sure but that takes time as well.

 

[alien42]

Who was the guy with the old Gibson that came in? He said he toured with Triumph.

some sleuth on the Les Paul forums figured that one out. the dude was really the repair tech at the guitar shop down the street from the pawn shop and the expert who evaluated the guiter is his co-worker. the guitar is even listed on their website.

i don't think everything is staged on that show but a few things definately have been.

http://www.mylespaul.com/forums/1492447-post64.html

 

[Jadow]

lol, so true, that is the show in a nutshell.

it actually pretty educational though, they do explain the history/origins of many of the items.

 

[rockyct]

I finally saw a full episode last night and I gotta say that many of the customers got a free appraisal from an expert, yet still still accepted the super low ball offers from the pawn shop dudes.

They showed the older guy with glasses and a beard who works at the museum I think and said some crap was easily 10k and the owner sells it for 1k. And then a historic gun expert appraises a gun that could be upwards of 25K and the owner settles for 5k. I would have waited for the right buyer!

The guy from the museum doesn't give values out. I'm sure this is because he's being paid to be a museum curator, not a antiques appraiser.

Cory is the only guy on the show who really pisses me off. I have no doubt Cory would have offered the lady $500 for the broach because "not many people come to the shop looking for spider jewelry." At least Rick told her what it was exactly (the rare stones, the faberge name, time period, etc) and offered 7.5X her opening request.

I can see why people take the offer of about half of the appraisal value. They probably need money. It's cash so I doubt they are going to declare it as income although that would be stupid since they are on tv, and you don't have to wait a year for it to go to auction. If something is "worth" $5,000 and they sell it for $3000 to Rick, that's a good deal for everyone. The would have had to wait for auction and minus the auction fees, he's probably looking at $4,000. Of course, antiques is a volatile industry and it may not sell at the reserve price or it may go for 3X it. Rick takes that gamble and thus he is rewarded.

Now the lady with the spider is an idiot. 20% profit for Rick is $1,000 with a $5,000 item. 20% profit is $3,000 with a $15,000 item. That's worth waiting for the item to go to auction. Heck, that piece of jewelry could be the main attraction of some Russian jewelry auction.

 

[TurtleCrusher]

58K to 8 million worth is what an article said. Wow.

http://www.buzztab.com/entertainment/fashion/faberge-spider-returns-after-9-years/

 

[Lifted]

The owners look and behave like the biggest bunch of low class thieves imaginable. If anyone believes that scene with some white trash idiot selling a Faberge brooch wasn't 100% scripted BS then I have a bridge to sell you. Jumped the shark a little early into the series.

 

[chowderhead]

some sleuth on the Les Paul forums figured that one out. the dude was really the repair tech at the guitar shop down the street from the pawn shop and the expert who evaluated the guiter is his co-worker. the guitar is even listed on their website.

i don't think everything is staged on that show but a few things definately have been.

http://www.mylespaul.com/forums/1492447-post64.html

well the antique roadshow got busted for staging a fake appraisal.
http://www.people.com/people/article/0,,617629,00.html

So Pawnstar is skating on very thin ice.

 

[alkemyst]

This one went for a couple hundred...

almost...

 

[JulesMaximus]

Jules have you discussed selling those with your wife? That might be an interesting convo lol

Of course not.

 

[zerocool84]

Some of you guys don't know how auctions work. If you get something appraised and want to sell it in something like an auction instead of selling it for money now, auctions can take months or even years, what if it doesn't meet the minimum? Oh gotta put it up on auction again and pay ALL the fees all over again. Then IF it actually sells the auction place gets a cut as well. This process takes a long time compared to the average joe that is trying to sell stuff that probably need the money now and $15,000 is a lot and they get the money now and don't have to potentially pay fees or anything like that.

 

[sygyzy]

I've always wondered if they make a side deal with the experts to undercut the value by a certain amount each time. For example, if the item is worth $15k, the guy will say $12k so the Pawn Stars guys know that even if they pay "full" value for it ($12k), they know there's already a margin built in the back ($3k)

 

[0roo0roo]

I finally saw a full episode last night and I gotta say that many of the customers got a free appraisal from an expert, yet still still accepted the super low ball offers from the pawn shop dudes.

They showed the older guy with glasses and a beard who works at the museum I think and said some crap was easily 10k and the owner sells it for 1k. And then a historic gun expert appraises a gun that could be upwards of 25K and the owner settles for 5k. I would have waited for the right buyer!

err what are you talking about, pawn store has to make a profit, it costs money/time to shift expensive or obscure items, paid employee time, add risk of not selling at all or selling for loss, auction fees and that is all factored into the price he gives to people.

i'm not quite sure wtf ur talking about on the apprasal, its never that high a discrepancy unless you were only half listening. maybe he said 25k if it X item weren't broken or complete or if it were a good economy or if the dumbsh*t owner didn't ****up the item with his self done botched restoration work, i don't remember anything about some guy being offered 5k for a 25k item. the guy who gets something appraised for 25k always asks rick for 25k at the start of negotiation, it goes down from there a few k.

 

[0roo0roo]

I've always wondered if they make a side deal with the experts to undercut the value by a certain amount each time. For example, if the item is worth $15k, the guy will say $12k so the Pawn Stars guys know that even if they pay "full" value for it ($12k), they know there's already a margin built in the back ($3k)

lol why would they do that? everythings on tv, each guys reputation is on the line. if anything they are more honest

 

[Triumph]

I finally saw a full episode last night and I gotta say that many of the customers got a free appraisal from an expert, yet still still accepted the super low ball offers from the pawn shop dudes.

They showed the older guy with glasses and a beard who works at the museum I think and said some crap was easily 10k and the owner sells it for 1k. And then a historic gun expert appraises a gun that could be upwards of 25K and the owner settles for 5k. I would have waited for the right buyer!

KBB and Edmunds tells you your car is "worth" 10k private party. You go to the dealer to buy a new car, he offers you 6k on trade-in. Why doesn't everyone just sell their car private party?