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How to help lady sell huge tool collection?

GDVink

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I visited a lady today who is selling her husband's enormous collection of tools and related stuff. He suffered a stroke several years ago, and while his brain is good, he's bedridden.

She's got literally hundreds of used tools in her basement, an outbuilding and a shed, plus a weird collection of auto parts, including about five identical muffler-and-tailpipe sets for a VW. The lighting is just terrible, and tools are stacked in piles, on counters, shelves, floors, etc.

Some are nice, some are junk, some might be vintage collectibles. Some work, some might work with some TLC, some are rusty, some are scrap metal. We're talking wrenches, sockets, hammers, saws, misc hand tools, hydraulic jacks and jack stands, breaker bars, miscellaneous auto specialty tools. There are lots of duplicates -- I saw at least three rolling hydraulic auto jacks, for example, but unclear if any of them work. Then there's garden equipment -- wire trimmers, blowers, shovels, etc. And there's air tools, tool carts w/ drawers, toolboxes, cabinets, etc. Words fall short trying to describe it.

It would take many hours to sort and evaluate this stuff. If she tries to sell it piece by piece on craigslist, it would take months or years. My thought was that after the stuff is all sorted, she could auction ALL of it (as a package) on eBay (local buyers only), or schedule a local viewing day (appointments from buyers required) followed by submission of written offers by a deadline. (One problem w/ using craigslist is that once people know your address, and that you've got tons of tools, you're inviting burglars. She also has a safe for sale, and I told her to make sure that if she posts a photo, she shows the safe OPEN, with nothing inside.)

I don't think a yard sale is a good idea, because it would attract a zillion shoppers, and very hard to keep merchandise from walking away. You'd need a bunch of people to keep an eye on things, answer questions, field offers, make change, etc. Plus, you'd still have to sort and price it. You'd also need many tables, shelves, etc. ... and what happens when it rains?

Anyway, I've sort of offered my assistance to help her sell it. My problem is that I have no idea how much $$ to charge her. I'm a very experienced shade-tree mechanic and know a lot about tools (and buying and selling used stuff), so I know I can do a good job. Frankly, I'm not doing this to be a nice guy -- I'd like to earn some money.

My thought would be to ask for a percentage of everything that's sold directly through my marketing efforts, whether craigslist, ebay or in person. But what percentage? Anyone have other ideas for sales techniques or compensation?

Thanks in advance for any help.
 
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Sloper0204

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Ebay with zero reserve starting bid of $0.99. If its desirable and worth something, it will sell for good money. If it isn't, it won't.

Otherwise start researching every single tool and hope for the best.
 

Specs

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Sell online here, duh. Tone of people will at least give the sale exposure if they are local, and swoop in on good items. Photos are a plus, make sure the lady knows even the perfect tools are not gonna command antique roadshow money, so you can cover your costs. INCLUDE paypal seller fees, and other costs into sale. Run double CL ad for more exposure.

The hard part is sorting/getting the tools together honestly


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rob1200

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My thought would be to ask for a percentage of everything that's sold directly through my marketing efforts, whether craigslist, ebay or in person. But what percentage?
I would say 30% is reasonable. Consignment sellers on eBay often charge that percentage.
 

RustyJunk

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There are some guys around here that have used tool stores and some that sell at flea markets, someone like that would probably give her a price for the whole lot. You could get more selling piece by piece but that takes time and some items probably won't sell or will take a long time and who is going to do that.
 

Tallpilot

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30% seems reasonable. I would pluck the high dollar items and sell them separately on eBay. The rest will have to be sold in lots unless you plan on this being your primary line of work for the next year.
 

thooks

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Rent a space at a local flea market or farmers market. Take some at a time.

Price it to sell. If there’s something you want, hold it back and subtract it from your fee.

30% is fair. Be honest. Karma always gets her man.
 

Davefr

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Since your goal is to make money on the opportunity then I'd do the following:

1. Sort out the top tier shippable items and sell on Ebay. (SO and other premium brands). I would venture a guess that <20% of the content is where >80% of the $'s are and Ebay is the perfect venue IMHO.

2. For premium stuff that's impractical to ship, list on CL.

3. For the next tier down, sell them at a garage sale/estate sale or rent a space at a flea market. Do it at your house so she doesn't have the hassle/risk. (that's why you're getting a piece of the action.) Get some help if needed.

4. Cull out the dregs and take them to metal scrap or donate them to Habitat. It sounds like that will be a lot of items.

5. For VW parts, find a local collector/enthusiast at a local VW club and invite them to "make a pile/make an offer".

I agree that 30% commission is reasonable. I think most estate sale companies charge between 30-40%.
 
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iajonesy

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Your location is also a factor here. If you are in Bumfuck Egypt chances are you aren't going to fare well, but if you are near a larger city you might get better results. I would use the GJ classifieds first, as they reach a lot of buyers and friends of members and you would be dealing with a generally honest crowd that wouldn't stiff you. As far as what to charge her, I'd keep it reasonable, below 25% if it were me. Good luck to you and the lady.

Mike
 

woody 73

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Strange but true story, but just this week I was the first and only one at a garage sale. The guy must sound like the ladies husband, only everything had turned to pure rust. Anyhow I picked up a few tools and asked the Man in charge of selling the estate, the auctioneer how much and started asking crazy sky high prices.

He then preceded to tell me "you should not have come" and of course I asked why not ?

"oh my Father got here yesterday and took 4 or 5 hours and he got all the tools"


That fact got me thinking just how honest are these guys that sell other peoples items???


I sure hope Karma bites this guy in the rear end one day!
 

Leaflessshadetree

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Don't ask.
Since your goal is to make money on the opportunity then I'd do the following:
If the goal is to make money, I'll save my advice.

If the goal is to get them out of her way/worries I'd say hire the best auctioneer for tools in your area. (If you aren't familiar with those in the area, ask around).
The auctioneer will explain his percentages and most likely handle everthing from advertising, set-up, food/refreshments and clean-up.
 

Empty Pockets

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If the goal is to make money, I'll save my advice.

If the goal is to get them out of her way/worries I'd say hire the best auctioneer for tools in your area. (If you aren't familiar with those in the area, ask around).
The auctioneer will explain his percentages and most likely handle everthing from advertising, set-up, food/refreshments and clean-up.

Exactly the advise I would have given.

Years ago, I had several types of merchandise that I was interested in. The local auctioneer would let me and a few others know by phone when that type of stuff was consigned. That helped boost the sale prices.

Good luck
 

rijndael

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Ebay with zero reserve starting bid of $0.99.
The number of auctions that end in a no-pay situation is pretty high. That creates a hassle on the backside to get your fees refunded, and you have to wait to relist it.

IME, the only way to use ebay to sell is a buy-it-now sale and require immediate payment.
 
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crguy

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I think a local auctioneer is the best choice. Onsite auction, no need to figure out what things might be worth in advance. Saves a ton of work on your part, and things will go away in a day.
 

Davefr

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I think a local auctioneer is the best choice. Onsite auction, no need to figure out what things might be worth in advance. Saves a ton of work on your part, and things will go away in a day.

Yes, but will an auctioneer be interested in auctioning a pile of rusty Chinese tools?

The OP really needs to judge if this estate is a treasure trove or a bunch of ****. Maybe he should post some images.
 

Rickster

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Go to estatesales.net for your area and hire a pro estate sale company to handle the sale. They list the pics on line, advertise and have the manpower and know-how to run the sale.
 
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Davefr

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Go to estatesales.net for your area and hire a pro estate sale company to handle the sale. They list the pics on line, advertise and have the manpower and know-how to run the sale.

...and they'll take 40% off the top. The OP said he wants to make the commission on the sale. Might not be much meat on the bone.
 

fourjeepin

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Go to estatesales.net for your area and hire a pro estate sale company to handle the sale. They list the pics on line, advertise and have the manpower and know-how to run the sale.

The estate sales I have been to with tools don’t have a clue on how to price most things. I’m not complaining, just stating that they give away most things because they don’t know what it is or much much it is worth.
 

Packard V8

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BTDTNA - run away, run away!

Even if you work hard for free, do your best and get her as much money as you can, friends and relatives who were mysteriously not around to help or offer to pay for anything will come in after the fact and say, "All those tools were worth thousands of dollars. He cheated you."

jack vines
 

JazzBlueRT

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Why not just help the near or soon to be widow as an act of goodwill and not worry about what you can make on it.
 

TheSasquatch

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Contact a company that specializes in auctions or estate sales. I’ve been to quite a few that were just the same circumstances that you mentioned. Last one I went to was when a local shop owner passed away, had upwards of 300 people there bidding. Prices stayed fair but were market value. Auction company did all the advertising. If there’s as much there as you say it would be a no brained for me. Estate sales have been good aswell but you have to do the research to price everything.


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JimNC

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I had a similar situation a couple years ago, took a swag at what would be a fair price, asked her what she wanted, told her why I couldn’t get there but made some adjustments, and we both walked away happy. The woman was literally crying from relief over not having to deal with it all.

In your case she’s going to take cues on value from her husband if he is still mentally strong, and she should. But if his idea of value is unrealistic, then suggest the local auction route and walk away.

Bottom line, you really add a lot of value by buying the whole lot and selling what you don’t want, so you should expect a substantial discount, otherwise she is probably better served by a professional.
 

Rory Bellows

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The best way is to hire an auction company and be done in one day. All the leftovers go straight to the scrapyard. Sorry but no money in it for you. Selling on CL or ebay will take years and the idea of a single lot simply won't work unless you like $300-$500 offers for everything.
 

RustyJunk

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It doesn't sound like anything that any reputable auctioneer would be interested in, too small a lot.
 

ReggieR

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I think a local auctioneer is the best choice. Onsite auction, no need to figure out what things might be worth in advance. Saves a ton of work on your part, and things will go away in a day.
Best idea here :thumbup:
 

byoungblood

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The estate sales I have been to with tools don’t have a clue on how to price most things. I’m not complaining, just stating that they give away most things because they don’t know what it is or much much it is worth.

Opposite of what I run into around here. Isn't uncommon to see them asking 70-90% of new prices on tools, even the no brand import junk or stuff from HF.
 

Stuart in MN

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I agree with the auction idea, whether it's on site or online (in either case, do your homework to find a company that knows and understands tools and automotive stuff). In my area the big name for online auctions of this type is https://www.k-bid.com/ but check to see what's available in your area.
 

zendriver

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Auctioneer. She has way too much stuff for anything else.

From the sounds of it I'll bet their stuff that's very valuable buried in that.

The best part is that they will handle every bit of it.

They know what's valuable and I'll sort it out to Sell separately

The very best part is that it will all be gone.

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bigtiger

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I had a neighbor husband passed away.. He was a avid wood worker, had top stuff in there.. Hey, grizzly and other brands, tons of hand wood tools.. All grizzly tablesaw, jointer, planer, central vac, drill, routers and tons of others.. Jet brands also.
She asked me, told her to Google it each model and estimate of whst she wanted for it.. Make a list, price and I will pass it around..
Problem was she was asking new price, high $$ amounts and she wanted everything gone in 1 shot and didn't want anybody to know her address.
Told me I could have 10%..I told her do it for free but didn't tell her it's tuff sale with those high prices... But I told her ask her son, relatives first..
She never asked again..she told me she had it listed and her relative was going to help her..

6 months later, nothing sold... 7th month she told she was going to donate to local schools that offer woodshop classes and get tax write off.. Must have been around 3-4k dollars stuff or more??



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nmantas

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Post a picture of the cache and those of us that go to a lot of estate sales and auctions can probably judge it better. Was the owner one that puts his name or initials on everything? Owner marks usually lowers the prices considerably.
 
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