Just to clarify, this was 1991. What was the buyer casually searching? The local library’s Reader’s Digest archives from ten years prior? The Nyack newspaper archives?
I feel like people don’t remember how information was shared and retained before the internet was everywhere. If it wasn’t in an encyclopedia volume you owned or a magazine you subscribed to, you mostly just didn’t know.
Maybe “casual” isn’t the right word, but I would expect anyone paying $650k in 1991 (what is that, like $2million in today’s dollars) to do their due diligence, which doesn’t sound like it was done at all. And you aren’t doing this yourself, you’re paying someone to do it for you (esp with this kind of money on the line).
Just to clarify, this was 1991. What was the buyer casually searching? The local library’s Reader’s Digest archives from ten years prior? The Nyack newspaper archives?
I feel like people don’t remember how information was shared and retained before the internet was everywhere. If it wasn’t in an encyclopedia volume you owned or a magazine you subscribed to, you mostly just didn’t know.
Maybe “casual” isn’t the right word, but I would expect anyone paying $650k in 1991 (what is that, like $2million in today’s dollars) to do their due diligence, which doesn’t sound like it was done at all. And you aren’t doing this yourself, you’re paying someone to do it for you (esp with this kind of money on the line).