Went to a yard sale last weekend where one of the big draws for me was a tableful of McCoy pottery. To be honest, I know zip about McCoy pottery other than it’s collectible, a good name and I like it. I picked the piece I thought was the best (a magnolia vase) and asked the price as nothing was marked.
$60! Yikes! (I was hoping $15. $20 tops.)
She told me she was a collector and knowledgeable about McCoy and this vase was worth at least $100. Now, it could have been worth that, but it was pricey for a yard sale and you have to “take it with a grain of salt” when a seller tells you something is worth a lot more than he or she is selling it for.
Of course I could have researched it then and there, but the sale was already crowded and I wanted to look at other things. (In fact that’s where I got this great Bernard Buffet Paris 1968 lithograph.)
As soon as I said I didn’t want the vase a woman who had been watching us like a hawk swooped in and said she wanted it.
Oh gosh, did I just blow a big score?
Later at home I HAD to look at the sold stats in WorthPoint. Turns out for the last 8 years, while this vase has sold a handful of times for $100 or more, the majority of sales were under $75, sometimes only $25-40. So spending $60 on the vase…or let’s say $50 if I was able to talk her down a bit…wouldn’t have left me much room for making a profit, if any. So glad I followed my gut on this. I think intuition often gets short shrift in our society, though Albert Einstein believed it to be our most valuable asset!
How about you…when has your intuition helped you out??