Old Timer Lookin to Downsize Large Professional Shop

[panamaguy]

Put a ad out that states it is complete equipment for a welding shop. Approx price for everything and interested parties need to bring letter of credit from their bank. No exceptions

 

[crabbinman]

rasmus.com does a great job on most stuff, I have worked with Chris, and before him his dad Ron, for about 40 years.

However, for this type of sale the local banks, their lawyers, and the local bankruptcy trustees would use Nick Arrington. He also does a lot of sales of trucks, etc. for the local governments and utilities.

Nick is a good guy, I have worked with him a number of times over the years. He knows the tools and equipment.

He is also out your way. I would at least call him, meet him, let him see what is there and give you advice and a ballpark estimate. He is doing mostly online, but live could be better for this.

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[mx842]

Where in Virginia is he? His shop looks like mine before it burned to the ground. I had both of those millers. My Dynasty was a little newer than his but still an awsome machine. It's really sad for a man to work his entire life and for it to come to this but it's something that happens everyday.
You might try going on the Miller welding forum and showing what you have there are a lot of very good people there that could possibly steer you in the right direction. I know a lot of welders here in the Richmond Area that may be interested in some of that stuff.

 

[tradosaurus]

I like going to estate sales to realize what I don't need in life. My wife hates the estate sales because I get in the mood to get rid of even more stuff.
By the time my estate goes to sale there won't be much.

 

[durano]

I’m in a similar situation. We’re moving from Colorado to Alaska. The cost to move stuff is upwards of $50K. That’s not including the farm equipment and tools.

Sold the tractor and implements for less than half its worth just so I didn’t have to mess with it last minute.

Having a moving sale this weekend for hand tools, power tools, furniture, etc. I just want it gone but my wife wants to receive the value. Pretty sure that we’ll both be disappointed.

Around here an in-person auction would be better. I’m not sure what the cost would be for everything to be moved to the auction company location but it might be worth it if there are security concerns.

 

[tradosaurus]

I’m in a similar situation. We’re moving from Colorado to Alaska. The cost to move stuff is upwards of $50K. That’s not including the farm equipment and tools.

Sold the tractor and implements for less than half its worth just so I didn’t have to mess with it last minute.

Having a moving sale this weekend for hand tools, power tools, furniture, etc. I just want it gone but my wife wants to receive the value. Pretty sure that we’ll both be disappointed.

Around here an in-person auction would be better. I’m not sure what the cost would be for everything to be moved to the auction company location but it might be worth it if there are security concerns.

I'm more interested in your reasons from moving from Colorado to Alaska. My son is stationed near Anchorage and loves it.

 

[dannyojudd]

Looks like lots of treasures and results of hard work. The Cub Cadet is a collectors version - starter/generator one unit and cast iron 3 spd trans plus bonus Kohler engine. Second treasure is the Iron Worker and another is the perhaps 3 ft metal roller. The treasures that are being taken by the vegetation will soon fall victim. The crane may be a Broderson and if it is is a hoss. Best of luck with dispersal.

 

[vagem55]

I must admit I'd love to come look, but I am married, we used to live in Manassas, and I don't plan to be a p**n star....

+1 for the Rasmus brothers. I've dealt with over 20 auction places; they have changed the market for sellers.
Most everything used to be cheap; not so now.
It's a lot easier to get folks to fight over something from a distance.

I've bought thousands of items from over a hundred auctions from places in the DC/MD/VA/WV area from many auction houses.
I wouldn't have bought much if I had to be present for an estate sale or in house auction.

Someone may know now, but years ago it was 40% from the seller if the auction house did it all, less if you do the pictures, buyer pickup etc.
Buyers usually 15%

Secure from sight your own stuff that you want to keep for preview and pickup days.

Only 2-4 days with folks at your house.

 

[5030]

I went down to a local mechanic shop where I’m friends with the owner. He likes old stuff but said his business consultant told him to get rid of all the old equipment and get out of fabrication all together. Apparently, doing a lot of quick brake jobs pays more than fabrication and fixing old equipment.

Most all of the equipment looks ancient anyway. Only thing I see of real value is the metal worker and even that isn't new but the technology has not changed much if any. Moving it would be a pain. A rigger's job.

 

[Bushbunnie]

I would do both live auction and on line. I been to a lot lately and we are doing downsizing too. Because we live in a rural area, any of the market site and Kijiji don't work because people like to be close to the pick up point.

 

[Bushbunnie]

I must admit I'd love to come look, but I am married, we used to live in Manassas, and I don't plan to be a p**n star....

+1 for the Rasmus brothers. I've dealt with over 20 auction places; they have changed the market for sellers.
Most everything used to be cheap; not so now.
It's a lot easier to get folks to fight over something from a distance.

I've bought thousands of items from over a hundred auctions from places in the DC/MD/VA/WV area from many auction houses.
I wouldn't have bought much if I had to be present for an estate sale or in house auction.

Someone may know now, but years ago it was 40% from the seller if the auction house did it all, less if you do the pictures, buyer pickup etc.
Buyers usually 15%

Secure from sight your own stuff that you want to keep for preview and pickup days.

Only 2-4 days with folks at your house.

Up here it is 30% sellers and 6% buyer

 

[kenhar]

Easiest and simplest is usually the most expensive. Inhouse auction or online auctions, both have pros and cons. Given the mans age, he most likely will have to hire or pay for whatever is done. Auctions have winners and losers. The buyer can win and get a real deal, but he can also lose by paying too much or buying a lemon. Same is true for the seller. He may get more than something is worth or may nearly give something away. To see your lifes work being hauled off is not a good day.

 

[vagem55]

Easiest and simplest is usually the most expensive. Inhouse auction or online auctions, both have pros and cons. Given the mans age, he most likely will have to hire or pay for whatever is done. Auctions have winners and losers. The buyer can win and get a real deal, but he can also lose by paying too much or buying a lemon. Same is true for the seller. He may get more than something is worth or may nearly give something away. To see your lifes work being hauled off is not a good day.

Extremely well put, sir! It's a matter of perspective. Most of the auctions I see are closing businesses or widows who just need it gone fast, cleaned up, and with a decent check. You get what you pay for.

 

[mx842]

Oh, just for your information.......Those tanks on those welders are rental tanks so make sure they don't go out the door with the welders. That's around $6500.00 worth of tanks and somebody will be responsible for replacing them if they are lost. that would put a pretty good dent in anything you might get out of the sale.

 

[pacosperson]

Got an old timer here in Virginia who’s looking to downsize and sell off most of his equipment. Former professional welder and pipe fitter with tons of professional welding and metal working equipment. 82 years old, had a stroke last year and lost mobility in his arm. Can’t run the weed eater anymore and nature is taking over all the outdoor equipment.

Off the top of my head he’s got an old international tractor, cub cadet riding mowers, four wheeler, high end MIG and TIG welders, plasma cutters, lots of smaller welders, Chevy flat bed shop truck with Bobcat welder and tools, lathe, drill presses, Wilton vices, diesel generator welders, tons of round bar stock, iron working machine that bends half inch plate like nothing, 5 ton crane, band saws, sand blaster, and on and on.

How do you reckon is the best way for a feller to get rid of all this stuff late in life?

Some pics

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You need ideas more than anything else. So check the internet and see what stuff sells for and how it's sold. Not everyone recognizes or wants/needs an 'iron worker' so try to expand your sales area. Craigslist is a good start. There are machinery sales sites that will list your products for a commission. They get their money but you get a larger audience. It looks like nice stuff (please put a blade on the horizontal band saw) so do not become impatient and sell for giveaway prices. Auction houses vary. A good one will post lots and lots of pictures. Your merchandise looks great and should attract a lot of interested people. Then you have to decide how many 'browsers' you want wandering around your property.

 

[Farmerhec]

Interested in Chevy flat bed truck with equipment, welders and possibly cub cadet. What’s he looking to get for them?

 

[rScotty]

Oh, just for your information.......Those tanks on those welders are rental tanks so make sure they don't go out the door with the welders. That's around $6500.00 worth of tanks and somebody will be responsible for replacing them if they are lost. that would put a pretty good dent in anything you might get out of the sale.

Interesting. How do you know that those are rental tanks? I have two or three sets of ownership oxy/acetylene tanks, but when I swap them out they just load whichever tank is next up. I've never known or cared whether they were marked one way or another.
Afterall, they aren't filling my tank - well, sometimes we transfill the oxygen, but usually not.
rScotty

 

[rScotty]

Got an old timer here in Virginia who’s looking to downsize and sell off most of his equipment.

DNIP

How to best do this?

The best way? I don't know. It might be different for everyone.

In the past few years, whenever a younger guy is in my shop and interested enough in a tool I either try to give it to him or make a note to do so when I am done.
Most of my hand tools have duplicates anyway.

rScotty

 

[TimberFarm]

All the auctions I have been following have been definitely sellers benefit. I see stuff come up online and think "I'd pay $100 for that", Boom! It sells for $500!

 

[TMGT]

I think I recognize that area, probably live pretty close. If he decides to piecemeal it I see a few things I'm interested in.

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