A TikToker hit it big when he stumbled upon a vintage leather chair at a Facebook marketplace. Justin Miller, a content creator on the internet, knew he hit the jackpot when he saw the worn-out leather chair and instantly knew he had to get it.
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Man Buys Worn Leather Chair For Rs 4000, Sells It For Rs 82 Lakh
Justin Miller
Miller ended up buying the chair for $50 (Rs 4000) and sold the chair in an auction for over 2000 times the price he bought it. The LA native did gauge the potential of the chair but never imagined it would yield such hefty results. Miller told the Business Insider, “I’ve watched probably every single episode of Antiques Roadshow.”
He added, “I live, breathe antiques. I’m not an expert, but like I have a good eye so I saw it and I was like, ‘That looks like a really interesting chair’.” And surely a quick search on Google proved him right. He found a pair of chairs that resembled his worn-out mess go out for over $200,000 (over Rs 1.6 Crore). So, he figured his chair could go out for about a hundred thousand.
Watch how he reacted when he first found the chair HERE.
Miller Reached Out To A Fine Arts Company To Hold The Auction
TikTok
He reached out to the fine arts company Sotheby’s to get the chair on an auction table. He also got the chair repaired which cost him about $3000 (nearly Rs 2.5 Lakh). According to the listing, Sotheby’s expected the chair to go for between $30,000 (around Rs 25 Lakh) and $50,000 (over Rs 40 Lakh) but the actual price at the end of the auction surpassed all their expectations.
Miller shared his live reaction in a video he posted on his social media. He captured how the numbers went from starting at $28,000 (Rs 23 Lakhs) to a whopping $85,000 (Rs 70 Lakhs).
When the fees are added to the final sum, the buyer ended up paying over $100,000 (over Rs 82 Lakhs) for the chair.
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