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The News from ElephantToenails.com » 2008 » May » 04

Archive for May 4th, 2008

Three Part Series- What is the best approach to sell your knives?

Sunday, May 4th, 2008

images.jpeg When it is time to sell your knives, what is the best approach? Should we take the knives to the next area show, put them on eBay, sell them to a dealer all at one time, or should we hire a traditional auctioneer to sell them for us?

You may be thinking, “Whoa, Scott, where the heck is this coming from? We are having fun collecting toenails here….we talk about buying, so why are you talking about selling?

Guys one day we will sell. Heck, you never know, you might decide to start collecting butterflies or election buttons (just kidding) or simply want to reallocate your assets, if you will, or could be faced with a forced sale, or worse, an estate sale, you get my point- bottom-line, we need a plan, OK? I think about this frequently as it relates to my collection, my family and their livelihood, and what if something should happen to me. This article is not about a forced or estate sale, so cheer up, but not to think about it at all would be some form of denial, wouldn’t it? :)

Frequently I am asked about my auction experience and how the prices realized at auction compare to those obtained through the more traditional one-on-one approach, and more recently, how the online auctions compare, from a seller’s perspective. (more…)

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