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slantrock |
collection liquidation |
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I guess I'm closer to the grave then the womb and was thinking that after I'm gone to better rivers and bigger trout what my wife was going to do with
my collection , accumulation or pile of junk whatever you want to call it. I can't afford a large tomb to take it with me. I don't want dealers to
cherry pick and forget about Ebay. I was thinking of leaving instructions to consign my collection to Lang's Auction. Anyone have any thoughts about
Lang's. I know they will pick up the collection. What do they charge?
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ActionJack |
#1 | |||
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Wow, 134 looks and no replys. Guess mortality speeks softly this time of year. I too, think of things like this. I would hate to think my rod collection would
end up in the scrap heap. I counted my rods the other day (26) mostly Heddons, Orvis & SB's, not an expensive lot but one I like to think of being
something I can pass on to the right people and the right time. Meaning I would like my kids to have thier pick as long as they wouldn't hock them. Next
any friends I might have but that list is kind of small being I am kind of an odd character and last if I new someone that wanted a rod and couldn't afford
it I would pass one to them. That ought to take care of most of the rods, the rest they can bury with me.
Last Edited By: ActionJack 12/17/2007 19:30.
Edited 1 time.
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cwfly |
#2 | |||
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Slantrock,
I once negotiated at length with three large auction houses concerning something I did not personally own but was assisting in selling. One thing I found was, that if it (i.e. your collection as a whole) had enough value then the advertised general terms were somewhat negotiable. I would not leave specific instructions as to who should sell it, but would leave sufficient written "suggestions" such that the maximum net value could be achieved for your heirs and the consignment could be negotiated. Indicidentally, the thing in question was ultimately sold privately and later auctioned. It yielded less than it sold for privately. 2 cents, Charlie |
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SnooKen |
#3 | |||
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Slantrock;
That is a very good question and one that says some important things about you as a person. Most of us tend to deny our mortality or at least avoid thinking about it and planning ahead for the big transition. Taking care of the people, places and things we value is one more way of leaving a positive legacy. Each of us has a unique way of doing so. ActionJack's response shows some good thoughts. Consider what your goals are. Lang's would be one route to take if maximizing financial security for your family is paramount. Most of the individual dealers in cane rods also will sell on consignment and their percentage might be less. Gifting rods to friends is a wonderful gesture as well. Might consider donating some to organizations you admire like TU or the Nature Conservancy etc. Selling rods here on the Forum might also be an option because you would know they were going to "good homes" where they would be appreciated, cared for and fished. Consider making an inventory of the rods including detailed descriptions and estimated value of each one. Not a bad thing for all of us to consider doing as Life is a fragile "day at a time" proposition with no guarantees. Any of us could be gone in a flash: car wreck, heart attack, deranged gunman, bolt from the blue. An inventory of your collection would at least give your wife/children a base point to start from when deciding what to do with the rods & reels as well as protect them from being taken advantage of. (I would suggest sealing this inventory list in an envelope labeled "Do not open until after my demise" to protect oneself from wifely outrage if the value of the stuff is way beyond her suspicions, I mean "expectations". )
Ken |
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BruceHandley |
#4 | |||
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Pete, I've told my wife to call Bob Corsetti if I check out. He is a person that I trust implicity and no one else is to get into my shop until he gets
up here. Now my books are another problem, the dealer I had a deal with checked out first. Back to square one.
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Mainiac |
#5 | |||
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Bruce,
If your books are as old as your rods, I will handle the sale for you but I get first dibs on the collection. You see, unlike your old rods, the books are still usable.
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BruceHandley |
#6 | |||
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Marc, your all heart, I'm going to have my wife take a hard look at your piture and if you show up she's to set the dog on you. And as Pete knows,
its a big dog. The fact that you have no appreciation for the rods I like to collect, proves that you have little or no class. It might surprise you to know
that I haveone or two rods that take other than a silk line. The others don't get fished because I HATE silk lines. Hope to see you at Langs in the Spring,
although the way this winter is going that might not be, until June.
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gmflyfish |
Collection | #7 | ||
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There are lots of dealers out there most of whom are legit and caring. Make sure your wife knows the value of your collection. You maywant to offer some of
the items to the American Museam of Fly Fishing. I too have a list of friends who will get rods upon my death. it all depends on which coast you live on . Jim
Adams is great on the west coast.
Gregg |
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quashnet |
#8 | |||
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My will acknowledges that I have a fondness for Paul H. Young rods, Hardy St. George reels, and similar items that will be lying about the house in the event
of my demise. The will names a trustworthy friend who has a good sense of what these things are, and my family is to rely upon his advice concerning what to
sell, donate, etc. as they see fit to achieve their greatest good (if they need money they can sell, if they have enough money they can donate). There's no
sense now in saying, "auction these things at Lang's" because I may live another forty years or more. By that time Lang's may be a distant
memory, and eBay a quaint, dimly-remembered relic of the early twenty-first century. So the will assures a good outcome for the tackle, should I unexpectedly
die. When I'm older I can revise the will and make more specific decisions.
Quashnet's Paul H. Young Rod Database has photos and descriptions of 290 PHY Co. rods, plus catalogs, accessories,
etc. Thank you to all who continue to send me PHY rod photos and info.
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cdmoore |
Get 3 bids | #9 | ||
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Good advice for dealing with anything expensive, I suppose. Along with your collection list, you might include a short list of dealers, friends, auction
houses, and internet resources such as this board. When you update your collection list, check to see if the info for "those in the know" is still
accurate. Suggest getting input from at least 3 different sources. One post here will meet that requirement 10 times over.
C "The time you enjoy wasting is not wasted time" ~ Bertrand Russell |
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spruce grouse |
#10 | |||
BruceHandley wrote: Bruce, that's cold! OK, it's December and it's going to be a long Winter, but if this is a precursor of things to come you're going to be
munching on the bones of little children from Chazy for breakfast or working as a guard at one of the fine penal establishments in your neck of the woods by
March.
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BruceHandley |
#11 | |||
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Howard, in Marc's case think of it as a pre-emptive strike!
Its been a while, did you ever come up with that Syacuse rod you were looking for? Bruce |
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spruce grouse |
#12 | |||
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Bruce,
If you mean a Syracuse Fish Rod Co. fly rod, no. I've given up trying for the Salt City trifecta - SFRC, Morgan, Brenan. Have the Morgan and if the others happen, fine. BTW, the Morgan was lawn cast at the Centre Mills in PA this past September. Prevailing opinion was that it was surprisingly a casting cannon but weighed about as much as one, too.
Last Edited By: spruce grouse 12/18/2007 12:30.
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oldfishbrain |
#13 | |||
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My expectation for now is that I will go before my lady. In that event my pension income will become half of what it is now (unfair). For that reason, my main
concern for the rod and reel collection is to realize maximum return for all items. I have three children but, unfortunately, none has an interest in
flyfishing. I think the most important thing is to have an inventory list with approximate market value of each item. Then your survivor should have one or two
names of people you trust who are knowledgeable in the field and can advise about the liquidation method. I expect to take just one rod with me, as at the
stream where I am going, trout only take dries and the wind is always calm.
By the way, that pension issue is the best motivation for the people around me to keep me alive and kicking.......-no matter what.
Maker of light line nodeless bamboo fly rods
avardanis@sympatico.ca |
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bocash3 |
#14 | |||
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For what it is worth................
The way I have handled this so far::::: Picked out a close friend who appreciates guns, bamboo, etc., that is 12 years my junior and someone I can trust. Listed all bamboo, glass, graphites, reels, gun collection pieces by serial number, verbal descriptions of each item and my appraisal. Sent the package of listings to him in a sealed envelope. The envelope is stored in a locked vault. If I go before him, he is to open the envelope and sell all items described. My instructions include that 25% go to my TU chapter, 25% go to the friend for dealing with the stuff, and 50% goes to my wife or our heirs if the wife is not in the picture. The friend handling this can choose to take part or all of his 25% in rods or guns. The friend can dispose using Ebay, forum boards, or whatever means at hand. This is filed with my lawyer as part of my will, but the problem is that the collection items and values change slightly and constantly. I will need to print new listings to be filed w/ lawyer and friend so he can trash the old package and plan to do this annually.
##################
Making friends with the long rod since 1957 <*))))><{ Protect the resource www.TableRockAngler.com |
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Mainiac |
#15 | |||
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Brucie,
I'll let that one go and catch you on down the road. Pre-emptive
strike was a good selection of words.
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jhcoffeebum |
What would it be like? | #16 | ||
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My dream is that one day out on a nice stream I would meet some young person who loves to fish and spending like I do enjoying the time alone except for the
trout he is catch and releasing. I will have with me one of my older Heddons or a Granger that I cherish, and after some small talk we would discuss fly
fishing and what it means to both of us. I could see the young eyes appreciating the beautiful old rod. I would tell them about H.L. Leonard, Payne, Edwards,
Phillipson, Heddon and all the other rod makers all the way up to the people out there right now like Mike Clark, Per Brandin, Charlie Jenkins great writers
like John Gierach and George Black keeping bamboo alive. After that, I would just say "I would like you to have this and fish it often, remember the
people that worked so hard to both create it, and the people that have owned it and cared for it since and fish it often, and please don't hide it
away!". I guess that is how I would like to get rid of the rods that mean so much to me. What a nut huh!
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lmcevers |
The time has come to make a decision! | #17 | ||
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Since I found out that I had cancer I have mulled and played around with many ideas as to who gets what. I have in excess of 45 bamboo rods of which 9 of them
are worth in excess of $2,000. I have many reels mostly lhw hardy's that over the years I have matched up with each rod. I have various collection's
like most of you, fiberglass rods, creels, numerous vises, over 100 different threads, 22 fly boxes, 3 vest, 3 waders, float tube, oak rolltop desk and the
list goes on and on. My wife has her favorite rods, I have 7 children and all but 3 flyfish. I have spoke with them all and their wishes of their choice will
be fulfilled. All 5 grandchildren are too young to fish but I will leave them one anyway and if they don't want it they can opt to sell it. None of them
visit this site! A few years ago Harry Boyd sent me a copy of his letter " how to care for cane" there will be one of these letters attached to every
rod case with the website for this Forum. Everything else will be left intact and stored until the youngest granchild is 18. At that time they can all pick
through and take what they will use! The balance of my flyfishing estate is to be donated to my local T.U. chapter and auctioned off at the annual fundraiser
and monies be spent as they see fit. I do keep an updated list of each and every piece of equipment I have, serial numbers, values, condition etc and I hope
someday to watch them land their first trout. Larry McEvers
Last Edited By: lmcevers 12/26/2007 08:08.
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Flyfishbill |
#18 | |||
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I hate thinking about this subject, but it is something I need to do. I need to do a complete inventory and make sure my wife knows what I have. I will
instruct my wife to contact a couple of my fishing buddies do help her decide how best to distribute my modest collection.
FFBill
Go Bucks! |
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slantrock |
#19 | |||
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Guy's thanks for the input , it gives us something to think about.
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