So for taking on a tremendous amount of risk and unknowns, the lucky buyer may only lose about $261.
You must be an exploration manager in the modern day oil patch, or you're an insurance actuary (I guess they're both the same thing these days).
Steve
BTW who's to say that repairs and restoration will cost $3500, maybe just maybe R&R will cost substantially less, then the buyer will have a (gasp!) reward!
Rocdock,
I manage risk for a living.
What gave me away?
I assume that those dents will need some real cautious TLC. ($500) I assumed putting it back on face is a $300 job. I assumed finding a perfectly suited piece of forend wood and having it replaced was a $1500 job. Excellent bluing / polishing would be another $500. Add $700 to incidentals, things unknown, fixing the extractors, matching the stock oil finish, putting on a correct pad, honing the barrels if necessary, etc.
Long story short, I thought $3500 was a reasonable investment target for the work needed to be done.
Too risky for my blood, but then you knew that as you mocked my "actuary-esque" tendencies. ;-) (I'm not an actuary but I play one on TV)
All the best,
Rookhawk
