Hey Bruce, an answer to the above? I'd like to know.
T
Here is what I said to my 3,245 consignors:
TEN MONTHS AGO I MADE A COMMITMENT TO ALL OF YOU! It is now March 2024. I will continue running this business (just as I have for the past 34 years) through the end of 2025, at the very least!Since that should roughly coincide with our
TWO MILLIONTH auction (which I DO want to reach) I will go until 12/31/25 OR our 2,000,000th auction, whichever comes later!
After 12/31/25, I make no promises at this time. I MAY WELL continue longer (especially as I am SO liking the "new" eMoviePoster.com), or I MAY somewhat withdraw from the business so the employees run it more and more, or I MAY look for a buyer for it (possibly some of the employees themselves), or I MAY close it down!
SO WHAT DOES THIS MEAN FOR OUR CONSIGNORS? If
YOU are someone with a house (or a warehouse) full of items, realize that for the next 22 months you have a effortless way to sell all your items, both with no work on your part, and you get to deal with the most honest and most trusted auction there is!
AFTER 2025 comes to an end, do those of you with a house (or a warehouse) full of items have a "Plan B" if we are no longer auctioning (which may or may not happen)? You surely DON'T want to sell your items one at a time, and you surely know most dealers would offer you pennies on the the dollar, and you surely know that almost every other auction would charge you huge fees and only want your best stuff, so
SHOULDN'T YOU CONSIDER THE MERITS OF CONSIGNING TO US OVER THE NEXT TWENTY TWO MONTHS?And
PLEASE don't tell me that your plan is to let your heirs worry about how to deal with your stuff after you are gone. That often works out terribly, and sometimes whole collections are literally trashed. Unless you positively hate your heirs, do not choose this option!
Over and over the past few years, very long time collectors with huge collections have told me that "we need to have a talk one of these days" because they need to make a plan on how they will deal with their collection. That time has now come, and all of you have 22 months left in which figure out what to do, and you want to start thinking about this sooner than later!
Now I have no crystal ball! Maybe a new auction like ours will emerge down the line that offers a reasonable alternative to auctioning through us. I hope that occurs. But for right now, I feel that what I say above makes a massive amount of sense for those of you who are in an age bracket (or a point in your life or collecting) where you want and need to do
SOMETHING with your collection sooner than later!