This Week on Final Offer: Jordan Scores Elvis Relic
This week on Final Offer, a husband and wife brought in a guitar owned by Kurt Cobain and played by Cobain during Nirvana’s first major tour in 1989. Jordan didn’t get a chance to make an offer on the item and it was sold to another buyer for $10,500. In the end though, the owner likely regretted his choice as Jordan said that he would have easily paid $25,000 for it knowing that similar guitars have recently sold for $100,000.
Next, a man brought in a Civil War signal cannon that allegedly belonged to General James Longstreet, a senior Confederate general during the Civil War. The man thought he could sell it for $40,000. During negotiations, Jordan asked him to “point to the line that is ironclad” in the cannon’s provenance that showed that it actually belonged to Longstreet, noting that the value of the piece was likely just a few hundred dollars without such a link. The man admitted that he couldn’t and was unable to make a deal with any of the buyers as a result. The next seller had a similar issue with his small 350-year old painting. While it may have been painted by Titian, the founder of the Venetian school, or perhaps by El Greco, the man was unable to authenticate the artist and its value was severely limited. An offer of $7,500 was eventually accepted and the man left content.
Finally, an Elvis fan brought in a lock of Elvis’s hair, which the show’s host called “lightning in a bottle.” The seller had airtight documentation and Jordan was excited to make an offer on the item, knowing of the strong demand by collectors for music legend memorabilia. “There’s Michael Jackson, there’s the Beatles, and there’s Elvis,” he said. The seller started out at $10,000, but Jordan prompted him to lower his price. The seller pushed him, pointing out that the hair was authentic and saying single strands have sold for $100. “We don’t have a problem with authentication, we have a problem with valuation,” Jordan said. Jordan went up to $6,000 and the seller asked him to go up more. “6 is strong,” Jordan said. “What do you suggest? I can’t go to 7.” The seller suggested meeting in the middle. “Can I get a ‘thank you very much’ if I buy it for $6,500?” Jordan asked. They shook hands, and the man delivered a perfect Elvis impression. Jordan said he would put the lock of hair up for sale at auction, and let Elvis fans duke it out.