Posted By:
bruce Dorskind
One of the country's most distinguised dealers/auctioneers was speaking with us
about the large number of estates that he had handled during the past three years.
We asked him about the extent to which major collectors plan for the unexpected and for their
own passing. His response was quite interesting, indeed.
"I hear from estate attorneys all the time and our name actually appeals in
a number of wills..." That said, there are number of older collectors who
passed and had made no plans.
Our thought is that the disposal of an estate is a negotiation and that someone
with an important collection (say $ 250,000 or more) should not only designate an
auction house to sell the items, but also should articulate terms and have a letter
of agreement attached to their will.
What are your thoughts on the matter?
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