exit strategy?

[ls7plus]

What I would very much like to do is enjoy my collection of HOF'ers (which is necessarily also giving me a very good start on a type collection!) while I'm here, because to me, as I've stated before, I've been a baseball history fanatic for most of my life. My collection brings that history right to me, because the card connects you to the player, and takes you back to the time--truly the history of the game you can hold right in your hand. If anything dire happens on an unexpected basis, I've educated my wife concerning the major auction houses, and she knows where to go with a lot of my collection.

When it's my time, especially if my wife's already gone, I plan on having my executor auction my collection with specific instructions that the proceeds are to be left to benefit God's missionary work. The church I currently attend is very heavily into sponsoring such work all around the world, and I'm involved in missionary work currently every 3rd Saturday and Sunday now at the local inner-city rescue missions, and have been for over five years. If I can further this kind of work on a global basis, it would be the best legacy I could possibly leave. God willing, let me enjoy holding the history of the game right in my hands, and then to Him goes the glory and the $$$ to further His work. Since I have no kids, there is no real conflict there (somehow, I don't think my 2 cats, Lucky (a wonderful, purebred golden tabby the neighbors across the street didn't want) and Pepperika (a rescued alley cat with the sweetest disposition you could imagine--I'm so glad we brought she and Lucky home) would mind or even miss the collection!

Great post as usual, Leon.

Best always,

Larry

[zljones]

Originally Posted by ls7plus

What I would very much like to do is enjoy my collection of HOF'ers (which is necessarily also giving me a very good start on a type collection!) while I'm here, because to me, as I've stated before, I've been a baseball history fanatic for most of my life. My collection brings that history right to me, because the card connects you to the player, and takes you back to the time--truly the history of the game you can hold right in your hand. If anything dire happens on an unexpected basis, I've educated my wife concerning the major auction houses, and she knows where to go with a lot of my collection.

When it's my time, especially if my wife's already gone, I plan on having my executor auction my collection with specific instructions that the proceeds are to be left to benefit God's missionary work. The church I currently attend is very heavily into sponsoring such work all around the world, and I'm involved in missionary work currently every 3rd Saturday and Sunday now at the local inner-city rescue missions, and have been for over five years. If I can further this kind of work on a global basis, it would be the best legacy I could possibly leave. God willing, let me enjoy holding the history of the game right in my hands, and then to Him goes the glory and the $$$ to further His work. Since I have no kids, there is no real conflict there (somehow, I don't think my 2 cats, Lucky (a wonderful, purebred golden tabby the neighbors across the street didn't want) and Pepperika (a rescued alley cat with the sweetest disposition you could imagine--I'm so glad we brought she and Lucky home) would mind or even miss the collection!

Great post as usual, Leon.

Best always,

Larry

Well said!

[barrysloate]

This has been a really interesting thread. Many have posted some very personal stories here, and I'm impressed how comfortable everyone feels sharing this information. Well done. Keep them coming....I've already parted with most of my stuff, so for me it was just a business decision.

[Exhibitman]

Two issues present: liquidation during life and post-mortem.

I have no plans for liquidation while I am alive. As long as I have the resources to collect and I enjoy it I will do it. If I ever decided to liquidate it would be because I needed money. I don't see losing interest as realistic as I have been collecting for 40 years and haven't lost interest yet. Since I would be liquidating for money, my sole goal would be to wring out the maximum dollars from the cards. Probably w/a mix of Ebay, private sales and auctions.

After I die is easy: I don't give a damn. My heir can do as she pleases with them. My wife and daughter know enough to call the right people to liquidate.