Category Archives: Auction

Estate Sales, Online Auctions, Auctions, What Works For You!

Estate sales, online auctions and auctions are now in the national spotlight in print and on the internet.

Liquidations have become big business and which way you choose to sell your contents is now presenting sellers with decisions as to what will best work for their needs.

Many sellers with entire house contents choose an estate sale. The contents to be sold remain on site, with sorting, staging, pricing and selling all done within the home. Items have specific prices at the start of the sale and you have the ability to personally examine the items. The dates of the estate sale are fixed and hours set. Estate Sale companies advertise the estate sales with photos and the description on national estate sale advertising websites. The sale takes place within a two to four day time frame. It is usually impossible to live in the property once the set-up of the estate sale has started. As sales are made the articles are removed from the home. At the conclusion of the sale the commission or fee charged by the estate sale company will be deducted from the gross proceeds and you will receive the net amount from the sales within one to two weeks usually. Each estate sale company has their own payout time frame.

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An online auction is conducted via the internet. They don’t usually contain the entire contents of a home. Most online auctions are suited for a limited number of items. They are removed from the property, photographed, posted online and the auction is run for a specific number of days. A decision is made by the seller and the company conducting the auction if any items will have a reserve (a minimum sale price) before the item is put up for sale on the internet. Most companies will charge a commission on the gross sales and pay you the net proceeds when all the contents have either sold or at a specified time (weekly, monthly, etc). They may also charge the buyer a commission or buyers premium. An online auction provides an internet audience and the major estate sale listing websites provide for online auction advertising for the items to be sold. The one major difference from an estate sale is you cannot handle the item. You see photographs and descriptions only.

Estate Sales And Auctions – Editorial By EstateSalesNews.com

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Today with the internet connecting the world there are several ways to liquidate personal contents. There are of course estate sales, online auctions, and onsite auctions to name a few.

Here at EstateSalesNews.com we discuss the liquidation process by estate sales, but recognizing that in many instances an auction (either online or onsite) may be a better choice for some estates or some particular items. Whether it is an estate sale or auction each provides a needed service for a family, person, attorney, etc.

What we do not support is the inappropriate discussion by either auctioneers or estate sale companies that argue that only their way is correct in a public forum such as this on WorthPoint.  A private opinion should be kept that way.

For an article on WorthPoint, written by a licensed Virginia Auctioneer,  Wayne Jordan, called a Worthologist and writer for WorthPoint and blogger for Antique Trader Magazine, he wrote an article about the need for regulations for estate sales as the industry grows and he included information from EstateSalesNews.com along with link to our website. Estate Sales News has not written anything about the need for regulations and he took copyrighted material without permission and used it out of context.

This is unacceptable and we have contacted WorthPoint and await an answer and apology in writing from them and Mr. Jordan for copyright infringement. All the information we have presented here in this article is available to the public without requiring permission.

Virginia is one of the states that does regulate auctioneers by the Department of Professional and Occupational Regulation (DPOR).

However, there are many states that have no regulation in place for auctioneers or auctions. Click here to see a list of states and whether they do or do not regulate auctioneers.

We suggest he writes about the continuing need for auction regulations in states that don’t have any if he feels so strongly.  An area he is very familiar with, instead of an area that he is unfamiliar with since we cannot find where he has ever conducted an estate sale, although Mr. Jordan’s bio on WorthPoint includes him being a Certified Personal Property Appraiser and Accredited Business Broker along with Accredited Auctioneer of Real Estate, Certified Estate Specialist, Certified Auction Specialist, Residential Real Estate and Accredited Business Broker. He obtained his auction credentials from the Mendenhall School of Auctioneering. According to his LinkedIn bio prior to receiving his auction license in 2006 he was involved in a music company, a claims service, and antiques.  He has also authored several books ranging in topics from antique malls to real estate.

Mr. Jordan currently serves on the Virginia Auctioneer Board and the Cemetery Board. His auction license has reciprocity in several states including Florida, where your editor had her auctioneers license. I do not have it now.

Mr. Jordans’ article was derogatory about the estate sale industry. It was also disparaging about companies that provide education to estate liquidators because they are not accredited. Not an question for you Mr. Jordan to consider when so many auctions go unregulated without auction education in so many states.

To write a shock and awe piece about another industry is not in the best interest of any liquidation service or professional.

There are many estate sale companies that use online auctions in addition to estate sales to accomplish their goals and in September of 2014 we covered an estate sale company and an auction company working side by side to sell off the contents of an estate in Michigan.

Mr. Jordan you are not serving the auction industry well by your rhetoric about another industry. We are professionals and as such we need to respect one another and our chosen professions. We can agree to disagree, but not in the manner you chose. We also remind you about copyright laws. You may not use any part of EstateSalesNews.com in any future article.

Carol Madden, Editor, EstateSalesNews.com

Estate Sale Topics Past, Present, And Future on Estate Sales News

Estate Sales NewsApril 1, 2015 and with new additions and features. Estate Sales News offers topics we have written about in the past, present, and future. What you need to know. This list is for sellers, buyers, and estate sale companies. If you have a topic you would like us to report on just email us at support@estatesalesnews.com.

Advertising – From estate sale listing sites, SEO, social media, brochures, email lists, signs, & more

Animals – dealing with pet stains and odors etc.

Antiques – where to learn, how to know and understand (gesso for example)

Appraisals – It is more than USPAP, understand what it is, who they are, and the many associations

Art – A general discussion on where to learn more

Auctions – Online, on site, and the difference between an estate sale and how they can work together

Baby Boomers – companies that specialize in educating liquidators that work with those moving to assisted living, elderly parents, and downsizing

Bonding – what is it, the different types

Books – First additions to comics and where to find information

Buyers – Advertising for them, etiquette, number system, negotiating, working with them

Choosing an estate sale company it’s not so simple anymore (a printable list to assist you in the process)

Clients – Estate sellers, working with expectations and realities, a helping hand and more…

Clean outs – Who will and won’t, what to expect and fees

Clothing – Vintage or new

Conferences – 2013 and 2014 estate sale conferences

Consignments – what, why, and when they may be useful

Downsizing – decisions to be made including, don’t throw anything out until you talk to a liquidator

Education – Online eduction to apprenticing, society’s to belong to

Estate sales – Understanding what they are, and the process

Estate sale Contracts – What are the basics and what you should know.

Estate sale costs – commissions, fees, how and why what is charged

Estate sale listing websites – who, what they offer, where to find them on the internet

Ethics – Checking for reviews, doing your due diligence to choose an estate sale company

Growing your audience – so many sites that you can participate on to increase visibility on the internet

Insurance – Liability, why it is important, who needs it, where it can be found

Ivory – New United States rules and concerns in various states about the sale (will be updated as needed)

Jewelry – fine, vintage, costume, gold, silver, testing, weighing, and in general

Social Media – Facebook, Twitter, Pinterest, Google+, reddit, and Instagram, why it is important and how to use it effectively. This is a frequent topic on EstateSalesNews.com

Taxes – an on going topic about estate taxes and sales taxes in different states.

ThrowBack Thursdays – we look back at items of the past including photos

Videos – News worthy estate sales and video chats.

What’s selling at estate sales

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Spring Time Is Only Weeks Away – Estate Sale, Moving Sale, Consignment or Auction

clean out truckNow that Ground Hog Day is past spring is approaching and with it come decisions about moving, downsizing, relocating, or just a clean out.

For those in our audience that are doing more than just a clean out it is time now to start deciding what you want to keep and what you don’t. Then comes the big decision, how to eliminate all the unwanted or unnecessary items.

Now is the time to start looking for estate sale companies if you have more to eliminate than keep. You might even consider finding an estate sale company that would conduct what they call a partial sale, where it is limited to just a few rooms. Not all estate sale companies perform this particular liquidation, but it is wise to ask.

Start asking your friends, relatives, Realtor or attorney if they can recommend an estate sale company. Also start looking at estate sale listing websites like EstateSales.Net, EstateSales.org and Estatesale.com to see who is working in your area. There are other listing sites as well to check out.

When speaking with liquidators ask them if you don’t have enough for a sale if they would consider buying out what you have, take on consignment or recommend a local auctioneer that may do consignment auctions for small lots.

You may also want to inquire with an estate sale company if they assist in a clean out. Many now perform this function for a fee as well. The estate liquidation business has many facets today.

With the last 6 or so weeks of winter left (hopefully less) now is the perfect time if you are going to relocate to get the chore of sorting through and making your key decisions, but remember – if you have a lot “don’t throw anything out” until you have interviewed some estate sale companies. You may be giving away money unknowingly.

Enjoy Winter Sports? Shop Estate Sales, Skis, Skates, Snowmobiles, Snowshoes

used snow skisWith snow falling in more areas of the country this is the time for those who want to enjoy winter sports with a limited budget to start looking shopping estate sales.

Families relocating or moving often don’t want to pay the extra cost of moving these items because of size or weight or a changing their climate.

With a three day weekend less than two weeks away take advantage now to shop at local estate sales, and if you don’t find any in your area try looking at a local auction or consignment shop.

Prices should reflect that the equipment is used and we are now into the winter sports season.

Another estate sales tip from EstateSalesNews.com.

Estate Sale & Auction Working to Sell Houshold and Taxidermy in Portland, Michigan

Barbara Stevens Jersey, Wonder Women Estate Sales and Bob Howe, Epic Auctions & Estate Sales are teaming up to sell a home with much general household and approximately 150 taxidermy mounts. The estate belonged to a well known sportsman in Portland, Michigan the estate sale begins Friday. The auction will be simulcast as well as live and starts Saturday morning. The mounts that are being auctioned are legal to sell under law. Estate Sales News visited Barbara and Bog (a licensed auctioneer) at the property on Wednesday, September 24th. We are grateful to them for their time and inviting us to this unique event.

Barbara has been a speaker at both the 2013 and 2014 EstateSales.NET conference. Bob is also a contributor.

Here is a link to view the estate sale

Here is a link to view the auction

Estate Sale & Auction Companies Working Together – Video Interview with Barbara Stevens Jersey & Bob Howe

Estate Sales News visited with Barbara Stevens Jersey of Wonder Women Estate Sales and Bob Howe of Epic Auctions and Estate Sales in Portland, Michigan. They are teaming up to sell an estate of a well known sportsman with much taxidermy (170 or so mounts) that was a children’s museum and  general househould.

Estate Sales New also has a video that will be on the Front Page this Wednesday, October 1st of the upcoming  sale and auction scheduled for this Friday and Saturday.

The video of the household estate sale and mounts to be auction will be on the Front Page on Wednesday October 1st.

Here is a link to Barbara’s website Wonder Women Estate Sales

Here is a link to Bob’s website Epic Auctions & Estate Sales

Estate Sales News is Traveling Today to Michigan

125px-Flag_of_MichiganEstate Sales News is flying to Michigan today to cover two fabulous and unique estate sales and an auction that is working along side an estate sale.

Known as the Wolverine state or Great Lake state we have an opportunity to interview three very experienced individuals in estate sales, one of whom is also an auctioneer and one is also an appraiser.

The estate sales are in two different areas of Michigan and one will be taking place this weekend, the other estate sale and auction will be next weekend.

These estates are very diverse. One is the estate of woman from a nationally known family and will feature collections that are seen once, maybe twice in a lifetime along with a classic car and the other is the estate of a well known sportsman and will have an estate sale starting on Friday with an auction of a taxidermy collection on Saturday.

We hope to have two videos for you for the sale this weekend and two for the estate sale and auction for next weekend.

New United States Rules Restrict Domestic Trade In Ivory

On February 11, 2014 Bryan Christy wrote an article for National Geographic concerning the new Federal restrictions on the ivory trade. According to the article the new rules were written to create “a near complete ban” on the sale of African elephant ivory in in the United States as reported by Mr. Christy.

Two animals are at the forefront of this world wide problem with the poaching of elephants and rhinos and the illegal trade of wildlife and ivory.

The actions taken by the Federal government are in line with actions and laws taken by California and New York to name just a few states.

From Lydia Thompson who published an article on March 13, 2014 Old and New Rules for the Sale of Ivory we provide the California Law.

California Penal Laws 653o and 653p ban the sale, or possession with intent to sell of ivory, within the state or across state lines. The law reads as follows.

It is unlawful to import into this state for commercial purposes, to possess with intent to sell, or to sell within the state, the dead body, or any part or product thereof, of any polar bear, leopard, ocelot, tiger, cheetah, jaguar, sable antelope, wolf (Canius lupus) zebra, whale, cobra, python, sea turtle, colobus monkey, kangaroo, vicuna, sea otter, free-roaming feral horse, dolphin or porpoise (Delphinidae) Spanish lynx, or ELEPHANT.

The article then details the penalties for violating Penal Law 653o.

Please note that California Penal Law 653o has been on the books since 1970. but was unenforced until the early part of 2012. The article continues that the strict enforcement of this law prohibits the sale of all ivory objects whether antique or not. It recommends consulting with an attorney if you are contemplating the sale of some ivory objects (think of the keys on antique and old pianos, Steinway for instance). Click here for a link to the entire article by Lydia Thompson.

In an article published in the New York Times on June 20, 2014 by Tom Mashberg entitled Law to Impose Tough Limits on Sales of Ivory Art he discussed the new law by the New York Legislature and  passed. The article reports that the law bans almost all items containing elephant ivory, mammoth ivory, and rhinoceros horn.  Here is a link to the New York Times Article.

Here is a link to an article by The Associated Press also in the New York Times published less than a month ago about a Study Details Elephant Deaths. The article reports on the estimated  poaching of over 100,000 elephants between 2010 and 2012 from the increased demand for ivory by China and other Asian nations.

It is important when hiring an estate sale company or auction company that they are knowledgeable about the laws regarding the sale of a variety items to prevent all parties from being fined or otherwise penalized.

Although we have briefly discussed the federal law and the laws imposed in California and New York each state should be reviewed for their laws concerning the sale of ivory and wildlife.

Joan Rivers Gave Her Daughter Melissa Good Advice – Estate Sales & Auctions

To educateReading Sunday about the passing of Joan Rivers and her instructions Estate Sales News was interested in what Ms. Rivers had told the Daily Beast that she had told her daughter Melissa, “Sell anything and everything you don’t want. Don’t feel beholden to my possessions”. Although she didn’t suggest how to sell her possessions estate sales for many, auctions for others are the primary way to liquidate.

After reading this we used CRTS (Certified Relocation Specialists) and Grandparents.com. to research other opinions.

Whether you are downsizing or preparing your instructions for the end of life, it is a benefit to tell your family or friends (if no family) your feelings about the disposal of your possessions and how you feel and if you’re going to change your life style start by hiring a professional, be it an estate sale company or auction or in many instances today a combination depending on what is to be sold and their value.

In today’s ever changing world with costs rising many people are choosing to reduce their space and costs (including moving to less expensive areas). Many older individuals are moving to assisted living or moving in with family and have very limited space for their belongings.

Deciding what to keep or not to keep is important for peace of mind. It helps reduce stress and emotional discomfort for you and your family.

In some instances (this happened recently with a friend’s father moving to assisted living) the year before moving it is a good idea to invite family in to decide what items they would like to have.

This also makes it much easier when it comes time to bring in a liquidator.

Estate Sales News regrets the passing of Joan Rivers and extends our sympathy to her family and friends. We also thank her for making us laugh and leaving all of us with some good advice.