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I don't mean forget about it, but you need to get all the facts and figure out what's gone on with it, who has owned it, who restored it, from Iconic on.
I would suggest that a restorer should have made meticulous notes regarding what areas were restored, and the materials used, etc. I know in regards to paintings that reputable restorers do that. This is done as a blueprint for future restoration work or to undo something. In particular I would want to know how much the signatures themselves were touched. I agree with Eric if the seller knowingly is selling a restored item without disclosure then I would be very wary of dealing with them. Also I would want to know the restorers name.
Interesting discussion. Eric has provided some very educated insight into the world of restorations. Like so many things in life the more you learn the more complicated it gets.
One thing that is becoming apparent is that some of us have different opinions as to what is and isn't acceptable. Personally I don't find this restoration off putting based upon the pictures although removing what was apparently a bit of Beatle humour was IMO a bad move.
I do remember that signed Sgt. Peppers that was on FC's website years ago (It wasn't Lizzie Bravo's signed album). The description was that a full set of Beatle Autographs, conveniently 1967 examples on a sheet of paper that happened to match the colour of the cover were somehow transferred onto the cover. That left me scratching my head and was just too much to rest easy with me. So that's where I stand on it, I think this piece is acceptable to my uneducated on restoration process mind but 'lifted' signatures is somewhere I definitely wouldn't go.
Another way of looking at it might be that if you have a good chance of getting your money back on the piece in the future then it's not such a gamble and in all honesty most people would say that it is a better looking piece for the restoration work done.
I think the best advice has already been given; make sure you inspect the item in person, establish a 'return' clause. keep in mind Eric's great point about the restored parts maybe ageing differently to the unrestored parts.
I think this was sgt pepper I referred to earlier. Very wierd
With four Paul signatures and one from each of the rest, I believe from a purely financial angle it is a good investment. I do find it odd someone would take that big of a loss ($4,000 range) on it on top of the cost of the work done on it.
I would proceed with much caution even though it seems like a good deal.
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