Tag Archives: auctions

ISA Conference In Chicago On Estate Sales

The discussion of estate sales at the Chicago conference of the International Society of Appraisers was engaging and brought forth many views.

We discussed how ISA appraisers can be beneficial to estate liquidations. The degree of commitment that is required by an ISA appraiser to conduct estate sales. Estate sales are a business not a hobby.

Is an estate sale the right choice for the client. It isn’t just quantity. The best market for some items may be at auction and an ISA appraiser can assist with brokering this. As part of their training they are educated in the larger auction houses across the country.

We discussed how ISA appraisers can work in tandem with estate sale companies in a beneficial manner for both.

Our discussion included how estate sales work. Learning about staging, security, advertising, crowd control were just a few of the topics we touched on. How many hats does an ISA appraiser want to wear.

We also discussed online auctions and franchises. These are two hot topics.

It should be mentioned that online auctions and franchises have found a place for estate liquidators as well as considerations for appraisers.

We were booked for a 1 hour and 15 minute discussion and we ran over our time a bit.

Much information was covered and more will be discussed in greater detail.

Many thanks to the International Society of Appraisers for inviting me and giving me this platform to discuss the wonderful world of estate sales.

 

Estate Sales And Auctions – Editorial By EstateSalesNews.com

online auction

Estate Sale sign

 

 

 

 

 

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

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.

Estate Sales, consignment shops, auctions – which works for you?

715 riverbend 09 002Estate Sales News is covering all angles of the estate liquidation business. Choosing what works best for you, your family or client (if you’re a Realtor or attorney) depends on many factors.

 

 

Let’s bullet point them for simplicity:

  • Location – can you have an on site liquidation sale
  • Merchandise – what is in the residence to be sold
  • Value – what type of value do the items have, high end/designer, antiques, gen. household etc.
  • Time – how soon do you need to liquidate
  • Who – in your area what types of liquidations solutions are available
  • $$$$ – what will it cost to liquidate and what will bring you the best financial results

Estate sales news talks auctions

auction_logoAuctions are becoming more and more popular for off site venues for those that need an estate sale, but can’t have one in their premises or community so Estate Sales News will be starting a discussion on the auction process, the how, where, and working of the auction.

It should be noted that I acquired my auction license in Florida in 2006 after successful completion of auction school, however, I let the license expire when I sold my liquidation business.

Auctions can be held in many locations, on site, in a rented hall, in a building owned by the auctioneer, at a storage facility.