User Panel
Posted: 6/20/2017 5:06:09 PM EDT
My grandfather is moving into a retirement home mid next year, and he has more tools and stuff than anyone I have ever known, but he has to get rid of most of it.
How can I go about liquidating the massive empire of tools, gadgets, and gizmos that he has? We are going to hold a yard sale, but I doubt he will sell/get rid of enough with that alone. |
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Woodworking tools, machine tools, automotive tools? What kind of tools? Power, hand, big iron?
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TAG.
My dad passed last year and left a whole workshop full of tools. I haven't even begun yet. |
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Sell what you can and put the rest by the curb with a "free" sign.
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Woodworking tools, machine tools, automotive tools? What kind of tools? Power, hand, big iron? View Quote |
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All of the above, drills, saws, hammers, sockets, wrenches, impact wrenches, table saws, drill presses, deemed tools, drill bits, concrete nail Guns, air tools/compressors, you name it he likely has it. View Quote View All Quotes View All Quotes Quoted:
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Woodworking tools, machine tools, automotive tools? What kind of tools? Power, hand, big iron? |
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Unfortunately it gets put on a auction around here and sells for pennys on the dollar
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If you want to put the work into it woodworking tools go to Woodnet and/or Sawcreek Mill forums, other tools Garage Journal. Junk goes on Craigslist.
If he has any Handplanes, spokeshaves, ect, I'm interested. |
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I guess I will have to post things on eBay/Craigslist in sets after I sort it all, I'm thinking about getting a storage unit or shipping container to store it in while I move it online.
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If you want to put the work into it woodworking tools go to Woodnet and/or Sawcreek Mill forums, other tools Garage Journal. Junk goes on Craigslist. If he has any Handplanes, spokeshaves, ect, I'm interested. View Quote |
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Is there a spot on this forum where I can post for a tag sale/estate sale and take requests?
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one of the guys at work works with a guy whos father passed, all he did was tell a couple of guys that they were going to be selling stuff an X address and please show up with cash and a truck
it was cleaned out in 3 days, he had a shop full of tools, but they were selling stuff really cheap, I got 6 K in small pistol primers for 40 bucks. he had 17 hornady presses in different calibers so if you put the word out people will show up and lot of it will move. I hope everything works out. |
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If tools sell for pennies on the dollar, it's because
A - they are not really very good quality tools to start with or were not taken care of and are beat or rusted up B - the family has no idea of worth if they are good and don't seek an auctioneer who Specializes in tools. C - the family fails to give the auctioneer a good list of tools with pictures (for auctionzip) for his Internet listing and for in the Sunday paper, so collectors and users won't likely know about it. The last several years has seen a big resurgence in the popularity of good, old Woodworking tools, particularly saws, planes, chisels, good measurement and marking tools. Find out in as much detail or catalog what your grandfather has. Then have a look at eBay and see if that tool has any value. Some old tools you may want to go right to eBay. |
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I'm setting up my garage finally, so I'm interested!
Where in ct? I would like to help out if you want, especially if stuff is for sale! |
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Is there a spot on this forum where I can post for a tag sale/estate sale and take requests? View Quote Got chisels and gouges? How about old fashioned woodworker's tools (molding planes, scrapers). Machinists tools? Measuring devices? Milling machine? Kennedy tool boxes? |
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Had neighbors heirs do this, they were happy with the service. I'm sure YMMV. View Quote View All Quotes View All Quotes |
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Why not keep it and have the ultimate shop?
I bet gramps would be happy you have his stuff and then pass it on to your kids. |
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A good auction service in CT. It is quick and clean way to clean it all out. There are many in CT but this is the one I would recommend. I dont know where you are in CT but these folks travel.
Weston's Auction Gallery AuctionZip Auctioneer ID # 2736 R. J. Weston 2799 Route 44 Coventry, CT 06238 Phone: (860)742-0003 Craigslist and estate sales brings alot of scumbags to your house and you still have to deal with the leftovers. Good luck man. |
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Auction company. It will take forever to get rid of it all on your own. Just dealing with the "tire kickers" will waste most of your time. Auction and it's over with!
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Auction might not be a terrible idea, especially for bigger items.
My neighbor just auctioned off some heavy duty woodworking power tools, planers, table saws , band saws, that he had accumulated over the years at his work. The owner died, business shut down, he didn't have room for them. He was pleasantly surprised when the Auction house owner handed him a check for more than he had invested in the tools, most of which he had picked up used and at other auctions over the years. People do funny stuff at auctions. I quit going to the local ones because idiots consistently bid crap up over the price you could buy it new for. |
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The first line of business is for you to know what your time is worth.
Your decision here will help mark the way forward. |
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You could also go to a local flea market and approach vendors that sell similar items and inquire if they want to make offers to buy out you grandfathers items. Exchange phone numbers and set up a meeting. A have a pal here in the midwest that makes a living reselling tools under similar conditions.
He search's Craigs list and yard sales in his spare time looking for stuff like this. |
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I guess I will have to post things on eBay/Craigslist in sets after I sort it all, I'm thinking about getting a storage unit or shipping container to store it in while I move it online. View Quote |
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Is there anyone in the family that wants any of it? When my Father-in-law passed away, anything not in the will was fair game. Mother-in-law gave us a date for the auction, if you didn't pick out what you wanted before that it was going to be sold. He didn't have a lot of tools, but all his son's took something just to remember him by. Most of the rest was farm related equipment.
It could be pretty hard on your grandfather to see his life's collection auctioned off. Has he given you any indication as to what he would like done with it? |
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Auction is the way to go OP. Find a reputable auctioneer in your area and MANDATE that he list the sale in AUCTIONZIP , AUCTIONTIME and other large venues that have thousands of people that watch the sites. There are some auction cos. that partner with PROXIBID for auctions where there is a large amount of quality items. Proxibid does a "live" auction at the same time the auctioneer is at your location. It allows people from all over the country to buy. I use it a fair amount myself. A good auctioneer will be able to come in with a "team" , price everything, organize and tag items, help with shipping for out of area buyers and much more. You won`t have to lift a finger if you do it right.
Depending on the location you will have to think about parking, blocking streets etc. If there would be say, over 500 items, you might want a company that sets up for coffee and soft drinks. You`ll need to provide electricity and possibly water. All gasoline powered equip should be up and operational if possible. Be sure and put the auction ad in forums on the net like "wood working, "art and painting", "lawn equipment" etc. as you REALLY want the best buyers to show up. I went to an auction not long ago where I along with only ONE other buyer bought the majority of the "good" stuff just because the auction was Remote Control Airplane items exclusively and the auctioneer only placed the ad in AuctionZip. That`s well and good BUT the auctioneer MISSED all of the quality buyers around the country EXCEPT for myself and the other gentleman. I bought over $8000 retail worth of stuff for just under $400. Had the auctioneer posted the sale in the RC forums on the net I would NOT have been able to do that. |
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My latest experience is that they suck. They are contracted to sell everything, so they price it low. Kestrel windmeter? $2 View Quote View All Quotes View All Quotes Quoted:
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Call someone who specializes in estate sales. run the sale out of the house They price shit high as hell and people are still lined up around the block 2 hours before the sale opening full ebay+ pricing Friday 25% off Saturday 1/2 price Sunday people even buy the shampoo and oven cleaner it's nuts |
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there are a few people that do that here run the sale out of the house They price shit high as hell and people are still lined up around the block 2 hours before the sale opening full ebay+ pricing Friday 25% off Saturday 1/2 price Sunday people even buy the shampoo and oven cleaner it's nuts View Quote |
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If yard/garage/tag/rummage sales are a big thing in that state I highly recommend making a fun long weekend of it.
In 2013, after a move & consolidating two home along with PURGING LOTS OF STUFF, I put an ad on Craigslist for Memorial weekend. The ad stated we will roll the garage door up on Thursday at 7am and go until dark. I had several pictures, a pretty good description to include several humorous lines like "These women are crazy! Someone come rescue me!" We had people waiting in the driveway at 6:30am so I rolled the door up early and started trading old stuff for GREEN MONEY. First guy spent $350. We were busy the entire 4 days all the way until dark. If someone was looking for something and happen to ask, I'd figure out if I had it and wanted to sell even though we had not put it out. I sold $600 worth of old hubcaps I had collected over the years from along the roadside. We sold an set of old, very poor shape, kitchen cabinets from our remodel that weren't even suitable for installing in the garage for $375. Be sure to price everything TO MAKE IT GO AWAY. Bundle up several items - even things that might seem like junk - and sell them 3 for $1.00 Renew your CL ad each day with the phrase "more stuff added". |
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"Living Estate Auction" is probably your best bet. Might take a few months for it to happen though.
Have it on a weekend for best turnout, auctions with tools are very popular. |
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I’m in the same situation, with a full shop to liquidate.
I tried the yard sale trick. Got nothing but people offering 2 -5 cents per dollar on top quality American made tools and equipment that was in great shape. I sold some of the good stuff, like a new Lincoln Tig 175 for $200, and a Miller 220v spotwelder for $50, but decided to stop giving it away to the vultures who were just going to resell it. Oh, I did get some thieves, working together. While one distracted me, the other stole $600 worth of digital micrometers and calipers, that I had planned to keep. Few people today know the qualitative differences between older American tools and the chinese shit, and expect prices to be 1/10th of the Harbor Freight crap. Keep the expensive small stuff under glass or locked up, and have a partner watching for theft. I’ve been to a lot of auctions/estate sales, and prices depend on the economic health of your area. My area is still depressed, so lots of auctions and few buyers, so prices have remained quite low for the seller. The auction houses make some good $$$ with all their fees. Hinting that you also have guns for sale, on a craigslist ad will bring a lot more customers. |
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Is there anyone in the family that wants any of it? When my Father-in-law passed away, anything not in the will was fair game. Mother-in-law gave us a date for the auction, if you didn't pick out what you wanted before that it was going to be sold. He didn't have a lot of tools, but all his son's took something just to remember him by. Most of the rest was farm related equipment. It could be pretty hard on your grandfather to see his life's collection auctioned off. Has he given you any indication as to what he would like done with it? View Quote He has well over 30 complete socket sets of many different brands, many copies of yard tools, and all sorts of other trinkets. He will be keeping his collections of collectibles like his patches and medals. He is borderline a tool hoarder. |
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Be careful with estate sale services if any of the items have real value.
We've had people get burned in the area lately where they contract with the service and there is an everything must go clause, authorizing the estate sale service to go as low as 20% or some low part of the original price list. Then the company doesn't advertise or promote the sale, and just buys everything at the agreed minimum bottom price and resells it later, for fair value. |
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Be careful with estate sale services if any of the items have real value. We've had people get burned in the area lately where they contract with the service and there is an everything must go clause, authorizing the estate sale service to go as low as 20% or some low part of the original price list. Then the company doesn't advertise or promote the sale, and just buys everything at the agreed minimum bottom price and resells it later, for fair value. View Quote |
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Don't throw away any old office stuff, especially fountain pens and such. If you want, throw it all in a box and I'll help you get market value out of them.
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Have a big garage sale and make sure to put it on craigslist, advertise the best stuff, this is how I helped my Dad
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