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What Happens When Your Layout Survives You?

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  • Member since
    November 2005
  • From: Utica, OH
  • 4,000 posts
Posted by jecorbett on Monday, April 4, 2016 8:27 AM

richhotrain
 
BRAKIE
 
 
richhotrain
let somebody give you ten cents on the dollar and buy the whole lot, whatever that might consist of. Rich 

Rich,Last estate auction I went to the model trains was going for 50-60 cents on the dollar 

 

 

Larry, an estate auction is one way to do it, but I was talking about just having someone who buys model railroading collections purchase the entire lot from the widow or the family. That type of transaction usually results in lesser payment than what results from an estate auction, but it is faster and cleaner.

 

Rich

 

I was on the buying end of such a sale. A friend of mine and I were in a LHS when the guy came in to ask about selling his father's collection. My friend asked if we could take a look  at it and so we went to his house. There wasn't much of a layout but the equipment ran the gamut from high end brass to junk quality stuff. My friend made him a really low ball offer which was almost embarassing but to my surprise, the guy took it. I guess he just was anxious to get rid of the stuff. We divided up the booty and I still have the brass pieces although they have never belonged on either my old layout or the new one. I have no idea what they might be worth today.

  • Member since
    September 2004
  • From: Dearborn Station
  • 24,281 posts
Posted by richhotrain on Monday, April 4, 2016 10:52 AM

jecorbett

 

richhotrain
 
let somebody give you ten cents on the dollar and buy the whole lot, whatever that might consist of.  

I was on the buying end of such a sale. A friend of mine and I were in a LHS when the guy came in to ask about selling his father's collection. My friend asked if we could take a look  at it and so we went to his house. There wasn't much of a layout but the equipment ran the gamut from high end brass to junk quality stuff. My friend made him a really low ball offer which was almost embarassing but to my surprise, the guy took it. I guess he just was anxious to get rid of the stuff. We divided up the booty and I still have the brass pieces although they have never belonged on either my old layout or the new one. I have no idea what they might be worth today. 

That is a good example of what I am talking about. A win-win situation for both sides.

Rich

Alton Junction

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