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Topic: Are Sherwoods a good Investments????  (Read 1238 times)
SeanD13
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The Dreaming Madman


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« on: March 14, 2008, 07:35:17 AM »

This was posted by one of our members on the Magic Cafe. I thought a I would also post it here for everyone to read.

The link is: http://www.themagiccafe.com/forums/viewtopic.php?topic=246943&forum=115&17

Quote
Care of brass and copper, even chrome is a simple process. I have numerous sets in silver and 24kt gold plate I've made for myself and others. They can be a bit more tricky.

A recent problem I've run into is my mortgage investment that I was told was a sound one by Brett Sherwood's website statements has turned into anything but. All my gold plated cups by him are turning black. Meaning the tarnish from the silver or a foriegn alloy is destroying the gold plate, which leads to another question, are these really gold plated or stained? It appears that in one section of Brett's site he says their gold washed, very very thin process, usually applied with a cotton cloth, but then he says in another part of his site the gold is substantial electroplate.

For investments of 1600+ for anything gold plated on the Sherwood cups this problem is unacceptable. I have written Brett 5x on this issue none of which he has replied to in regards to correcting. Those familiar with RNT II plating can tell you our silver tarnish does not bleed through our 24kt pure gold plate. Our plater confirmed that the cups are stained, not really plated.

Bretts suggestion of polishing them lightly results in the removal of the Gold that is there, so I don't recommend doing it. I've had numerous contacts with our customers who have had the same problem with their Sherwoods

With no response from Brett and based on his investment stratagy on his website bolstering his cups as an investment, you may want to consider investing in Junk Bonds instead. I'm sure the Vernon Estate would not be happy that this is happennig since they are attatched to Brett and back him, nor his willingness to accept responsibility in a serious production issue.

Jake


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Sean
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Richard Evans
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« Reply #1 on: March 14, 2008, 01:13:35 PM »

Despite the current instability in the financial markets, I don't think cups can be regarded as a good investment regardless of the maker. The collectables market is pretty fickle and the bottom line is they're only worth as much as someone's willing to pay for them. There is no inherent 'value'.

Two cautionary tales from recent history:

Maybe 5 years ago, the price for a set of Paul Fox cups was in the $500+ bracket, and it wasn't unusual to see a set sell for $800. Now, most sets sell for around $400, except some of the rarer versions.

A couple of years ago there was a bidding frenzy in a Martinka auction for a set of Ross Bertram cups. The final bid was in excess of $2,000, a sum previously unheard of. Why? Because two people bid furiously against each other. The next set that came up sold for over $1000. After this, a few people put sets up for sale, thinking that they would get a huge sum for the cups...but the reserve wasn't reached. Why? Because the two guys who really wanted the Bertram sets had already got them.

I collect cups because I like the trick, it's history and have an interest in the way different cups look and feel and how they're made. I don't collect with a view to making big bucks at some stage in the future.

Having said all that, if you were to ask me which cups I think will be the Connie Haden equivalents in 50 years time...Nah, I'm not going to tell.  Wink
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Bill Palmer
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« Reply #2 on: March 15, 2008, 04:41:05 PM »

I am not only a cup collector, I also collect banjos. I have several rather valuable old instruments. I did not acquire any of the cups or the banjos with the intention of using them as an investment. In fact, I think most of you know what will eventually happen to my collection of cups.

If you are collecting anything, be it baseball cards, banjos, or Benson Bowls (how's that for alliteration!) for any reason other than the love of the objects, in my opinion, you will be gravely disappointed somewhere down the line.

You may not be disappointed. It may be your estate that is disappointed.

After all, imagine trying to explain to an appraiser why a set of cups could be worth $1000.00!
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Bill Palmer, MIMC
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Tom G
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« Reply #3 on: March 18, 2008, 07:31:01 PM »

Actually Richard, I believe there were three bidding.  After the first set of cups went at over $2000, another member here put his on eBay for buy it now at $1500, and they went quickly.  I put my set up as a buy it now and split the difference at $1700 and those were gone quickly.  My buyer said he would have gone higher on the original auction, but the time difference threw him off.

Tom
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Bill Palmer
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« Reply #4 on: April 01, 2008, 04:31:12 PM »

The Bertram Cup bubble was just that -- a bubble. The big factors in the sale price of the cups were the color of the bag -- most Bertram bags are maroon, not blue -- and the fact that several people had been hunting for Bertram cups in vain.

Bertram cups are not rare, by any means. But there are fewer sets of them than there are people who want them. So they go up in price. I seriously doubt that a set of Bertram cups on eBay or any forum would bring more than $1000 in the current state of the cup market.
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Bill Palmer, MIMC
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My Chickasaw name is "Throws Money at Cups."
Tom G
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« Reply #5 on: April 02, 2008, 01:18:54 PM »

Being one of the 3 (that I know of) that sold the Bertrams for well over 1000, I've been watching.  Seems that
hitting 500 has been a struggle. 

Tom
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BobMc
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« Reply #6 on: April 02, 2008, 04:58:41 PM »

A set of P&L's interest me right now, although I would love to handle a set before pulling the trigger.  Maybe someone will have a set at the CupsCon  Grin  If anyone has any suggestions on picking up a set (other than keeping an eye on ebay), or if they would be interested in selling a set, I'd appreciate it.
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