Old Timer Lookin to Downsize Large Professional Shop

[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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