There is some degree of fault to this logic...
None of the restorers are the original makers...
If you found a closeted Bushka, Spain blank, all original, little play.. it should be worth the max amount for that cue... the same cue restored by Pete, with two new shafts and a new wrap needs to be adjusted.. (of which I sold many) this is not to say he shouldn't be the guy that does the work, the VALUE is where the difference should be incorporated.
Now if you want to make a case that Searing is better at refinishing than someone else, knock yourself out, or his shafts are worth more, ok, that is an opinion that the buyer, or owner needs to feel good about... but they are not original, regardless at that point.
I am not against getting shafts made for a cue, keep the originals though. I think a new blue book, should be done, and should focus on this very aspect.
I am looking at a 66 Strat, one refinished for 7500, the other all original, for almost double. This is how guitars and that market stays fresh even in a down economy, they don't break this rule. I'll probably make an offer on the refinish one, because the electrics are original, and live with the new paint.
IMHO if the market got serious and adjusted this, the market would have a better chance at bouncing back.
JV
I should have clarified that i was talking aboit cues that NEED work or restoration... I guess there are different opinions on that too.
Original in good to mint is imo is always more desireable and valuble.