Miscellaneous

A $25 estate-sale cat turns out to be a Fornasetti

Smartphone verification meets the last pockets of mispricing, Authentication industry waits at the exit

Images

The ceramic pieces Jordan Piluso purchased at an estate sale this year.
                            
                              Jordan Piluso The ceramic pieces Jordan Piluso purchased at an estate sale this year. Jordan Piluso businessinsider.com

A New Jersey mother paid $25 for a ceramic cat at an estate sale in late January. Back home, a reverse-image search and a stamp under the tail led her to Piero Fornasetti’s Milan workshop, and the brand later confirmed by email that the hand-painted piece dates to the late 1950s or early 1960s, according to Business Insider.

The episode is a tidy illustration of how secondhand markets still work when attention is uneven. Estate sales are designed to clear a house quickly, not to run a global price-discovery process for every object on a piano. The seller’s advantage is access—being in the room first—while the buyer’s advantage is information, and increasingly the buyer can rent that information from a phone in seconds. A stamp once meant something only to specialists; now it is an indexable data point. That does not eliminate mispricing so much as it shifts it: the gap opens when the person running the sale does not know what to photograph, how to describe it, or which items deserve a specialist’s glance.

As more stories like this circulate, the amateur edge shrinks. The same tools that helped this buyer verify the cat—image search, brand email, appraisers’ reference points—also make it easier for estate-sale operators to pre-screen items, route them to auction houses, or outsource authentication. The result is a familiar pipeline: low-information clearouts feed a higher-fee layer that can certify provenance, handle returns, and market to a global audience. The margin that used to reward the person willing to rummage through boxes increasingly goes to whoever controls the verification and distribution.

Ken Farmer, an antique and fine-art appraiser quoted by Business Insider, estimated the piece at roughly $1,000 to $1,500 at auction and about $3,000 at retail. The buyer says she is keeping it, placing it out of reach of a toddler—an object whose value was discovered by a search query, then converted into a story she intends to tell for years.