Quote:
Originally Posted by ValKehl
I echo all of the great advice already posted. I would add that if you are married, I believe it would be wise to obtain your wife's blessing.
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Wise words here.
Due to just such a previous purchase, I now have some limits in place.
Under $1k, no limits.
$1k to $10k - wifely notification required, but after purchase is fine
Over $10k - wifely approval required prior to purchase
And in my case, she views any single purchase or payment in the aggregate. So just because I buy 30 pieces at auction doesn’t mean that I get to skirt the rules by dividing the total purchase by 30!
Edited to add: I did negotiate one exception. If I sell a piece first, then I can reinvest the proceeds with reckless disregard to any approval or notification requirements.