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I have bought a lot of stuff at estate auctions. Yeah, a generic estate sale will not generate a lot of money, but if you have serious art (i.e., it would sell
by devilbunny 2y ago
I have bought a lot of stuff at estate auctions. Yeah, a generic estate sale will not generate a lot of money, but if you have serious art (i.e., it would sell to more than a local audience), it can bring in quite a bit. I saw an Alan Bean (the astronaut) painting at one; ended up going for over $30k. And the estate gets all of that; the auction house charges a premium (in this case, 25%) paid by the buyer, but the official auction price is what the seller gets.
- intrasight 2y agoThe liquidation value of the average middle-class house is $10k - according to my divorce attorney.
- deleted 2y ago[deleted]
- fl7305 2y ago$10k sounds high to me if we're talking about home electronics, furniture, etc? Do people have a lot of expensive jewelry that's included, or does it include vehicles?
- bombcar 2y agoIf we're talking the contents, you can get to $10k pretty easily, think appliances (a hundred or so each), laptops, stereo, etc. If you held a garage sale today and let people go throughout your entire house, you could probably net $10k.
- devilbunny 2y agoThe ones I’m talking about are definitely not middle class.