Negotiation and Valuation Scenarios

The video features a discussion about a rare 1902 mailbox, including its unique features and a negotiation over its price. The conversation shifts to exploring Schwin Panther bicycle parts, with a focus on their value and a fair negotiation. The video emphasizes the importance of making reasonable offers and valuing unique items.

What year is the unique mailbox from?

• 2002

• 1802

• 1920

• 1902

How much does the seller initially want for the mailbox?

• $600

• $1,000

• $11,000

• $5,000

What is the buyer's initial offer for the mailbox?

• $600

• $1,000

• $500

• $11,000

What does the seller think about the buyer's offer?

• It's reasonable

• It's insulting

• It's generous

• It's too high

Where does the seller suggest the mailbox should be?

• In a museum

• In the Smithsonian

• In a private collection

• In a post office

What does the buyer notice inside the house?

• A Schwin Panther horn tank

• A vintage car

• An antique clock

• A rare painting

What is the initial asking price for the Schwin Panther parts?

• $200

• $150

• $100

• $50

How much does the buyer offer for the Schwin Panther parts?

• $75

• $200

• $50

• $125

What does the buyer's father advise against doing?

• Selling rare items

• Doing anything during the day that keeps you awake at night

• Trusting strangers

• Buying expensive items

What does the buyer appreciate about the seller?

• His honesty

• His rescue of the bike parts

• His generosity

• His willingness to negotiate