How to always win at rock, paper, scissors
In 2005, a flagging Japanese economy convinced Takashi Hashiyama, president of the electronics firm Maspro Denkoh, to sell the corporate collection of French impressionist paintings.
This included a major Cézanne landscape and lesser works by Sisley, van Gogh, and Picasso. Both Christie’s and Sotheby’s gave presentations to Hashiyama touting their expertise and ability to achieve the highest auction prices. In Hashiyama’s judgment, the presentations were equally convincing. To settle the matter, he proposed a game of rock, paper, scissors. “The client was very serious about this,” Christie’s deputy chairman Jonathan Rendell said, “so we were very serious about it, too.” The money was serious, too. The Maspro Denkoh collection was va… Continue ReadingSource: https://www.telegraph.co.uk/men/thinking-man/11051704/How-to-always-win-at-rock-paper-scissors.html