Venn Diagrams & a simple example of K98 buyers.

Remember those Venn diagrams? The two circles represent two diff types of buyers. [This is the most simple of examples, with only two types of buyers].

One circle (blue) represents buyers who like historical pieces.... and the second circle (yellow) represents buyers where historical fidelity is not really important.

Consider the Venn diagram shown. Now consider any one K98, of any quality. It would be placed in one of four domains... 1)inside circle blue 2)inside circle yellow, 3) inside the intersection of A&B (green), or 4) outside both circles.

If the rifles is placed in blue), it appeals only to the buyer of historical pieces. If inside yellow) it appeals only to non-historical buyers, if in green (the intersection) it appeals to BOTH types of buyers. If the rifle is outside of the circles, it does not appeal to either group.

Do you think the Venn Diagram shown portrays the situation correctly of these two buying groups? As shown in this Venn.... there would NEED to be rifles that appeal to both groups of buyers (since there is an overlap in the two circles).

............. or perhaps the Venn in the reply below is a better representation?

Here's another Venn. Two circles (the two groups of buyers) but the circles do not overlap.

Given the following two auctions on GB, I suggest this Venn is probably the more accurate representation of these two buyer groups (in this simple example). That is, what appeals to one group... really has no appeal to the other buyer group.

Mitchells M => ~$800 https://www.gunbroker.com/item/793689143
dot 43 in walnut => ~800 https://www.gunbroker.com/item/792653384

You got that one didn't you? I'm starting to think you might be right about the second Venn diagram. It seems for some buyers for sure pimped shined and purdy means everything and that type of buyer isn't even looking at a rifle like that '43. People here aren't even looking at the MM except for the laughs.

For those two GB auctions you could add Venn circles for those who know how to install a K98 sling.

Well a Mitchell's at $800 is for the moron who refuses to buy a book or join a forum. It is the new buyer who is part of a couple Facebook groups filled with a bunch of know nothings. They will tell the buyer how great of a deal they got. Even if someone happens along that does know something, and says buyer got ripped off, group think sets in and they will tell the knowledgeable collector how great of shooters Mitchell's are and even how they are real. They will then dismiss anything the knowledgeable collector has to say. Kind of like those that think cleaning patina and pimp shining back to a new looking in the white is removing rust.

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The problem with your theory - that dot 43 would be a great shooter to the "shooter" group. As capt14k illustrated with his Facebook analogy, the issue is a knowledge gap.

One buyer reads a Mitchells ad and buys it hook, line and sinker. Lets say that same individual sees both auctions while shopping for a buy - he knows (and believes) the Mitchells pap but doesn't know what an original looks like, or even cares. So his lack of knowledge pushes him towards the Mitchells because it has a certificate, which he believes makes it a safe choice. So maybe amend your circle theory to "informed" and "uninformed".