Home › Forum › Ask A Member › Pat’d 1892 Salisbury’s Electric Boat Propeller › Re: Pat’d 1892 Salisbury’s Electric Boat Propeller
The current market value would best be found by an auction where the last and highest bid
sets the exchange value if that is your desire. I doubt if there is anyone who could say what
that might be with any degree of certainty. An auction is a chancy affair. My folks had an
auction the weekend the stock market collapsed back in the 1980s.The Dow Jones was at
about 2,000 so a 500 point drop got everyone’s attention. The auctioneer almost
had to give away things that should have brought a good price. The following Monday
the stock market recovered strongly and today stand above 18,000 although a lot of that
is merely inflation. A private sale at a negotiated price may yield a smaller gross number but a better net number than a public auction with some degree of certainty. A lot of ifs
and and maybes to fret over but at least your cost basis is low so any value received will
be a plus…we should all be so fortunate.
Louis