Re: [vcf-midatlantic] estate planning
-------- Original Message -------- Subject: [vcf-midatlantic] estate planning From: william degnan via vcf-midatlantic Date: Tue, October 24, 2017 3:59 pm
Herb's comments about estate planning as it relates to the unique aspects of vintage computing hoards has come up a few times lately including the IBM PC near-compatibles thread. I created this new thread per his request.
Estate Planning Most likely your collection is not worth as much as you think it is, when you take sales labor into account. Spouses and family often don't care and consider vintage computers junk, and when you go so will your collection (junk pile) Lately how a lot of us acquire our systems, eh? Family members looking to "donate" the items is a nice way of saying dump them, let's face it. These things are NOT like an inheritance of gold coins and one can't just sell them. One has to figure out what they have etc. Most people don't want to do that or can't.
Very true. Often a collection is worth more in pieces - especially on a market like eBay. I've always just told my wife that if something happens to me to call Bill Degnan. But then what? Ideally a few pieces he would hold on to and then direct the sale and/or donation of the remaining via some on-line sellers/brokers. It wouldn't be about a windfall of money for my family, but more about putting it into the hands of others that have a need or want for it -- even if the overall transaction was just break even. Bill, did I tell you I signed you up for this? ...and apologies in advance if this formats wonky Justin
This is something I've often thought about. For those of us with particularly large collections, it would be a particular burden on our families. I'm only 45 and in good health, and am certainly not thinking about mortality in particular, but I did think about time. I just don't have the time to truly enjoy my vintage videogames and computers, particularly with how insane my collection has gotten, and I've never stop being fascinated by the new stuff, which only compounds the problem. Anyway, I considered selling stuff off piece-by-piece for maximum value on eBay or something related, but I really didn't want to spend the next decade selling stuff. As such, I explored many options, including selling the collection to museums or interested individuals. However, in most cases - especially considering how I collect literally everything - at best I was offered buy-outs on only portions of my collection, which I felt really didn't help my situation. Long story short, I did find a way out through an auction house. For those interested in some of my thought processes and the details, you can read about it here: http://armchairarcade.com/perspectives/2017/10/20/decided-auction-off-outsiz... It's never an easy decision and certainly love for this stuff will never really go away, but sometimes you have to be practical rather than emotional. ======================================================== Bill Loguidice, Managing Director; Armchair Arcade, Inc. <http://www.armchairarcade.com> ======================================================== Authored Books <http://www.amazon.com/Bill-Loguidice/e/B001U7W3YS/ref=ntt_dp_epwbk_1> and Film <http://www.armchairarcade.com/film>; About me and other ways to get in touch <http://about.me/billloguidice> ======================================================== On Tue, Oct 24, 2017 at 5:14 PM, Justin Jernigan via vcf-midatlantic < vcf-midatlantic@lists.vintagecomputerfederation.org> wrote:
-------- Original Message -------- Subject: [vcf-midatlantic] estate planning From: william degnan via vcf-midatlantic Date: Tue, October 24, 2017 3:59 pm
Herb's comments about estate planning as it relates to the unique aspects of vintage computing hoards has come up a few times lately including the IBM PC near-compatibles thread. I created this new thread per his request.
Estate Planning Most likely your collection is not worth as much as you think it is, when you take sales labor into account. Spouses and family often don't care and consider vintage computers junk, and when you go so will your collection (junk pile) Lately how a lot of us acquire our systems, eh? Family members looking to "donate" the items is a nice way of saying dump them, let's face it. These things are NOT like an inheritance of gold coins and one can't just sell them. One has to figure out what they have etc. Most people don't want to do that or can't.
Very true. Often a collection is worth more in pieces - especially on a market like eBay. I've always just told my wife that if something happens to me to call Bill Degnan. But then what? Ideally a few pieces he would hold on to and then direct the sale and/or donation of the remaining via some on-line sellers/brokers. It wouldn't be about a windfall of money for my family, but more about putting it into the hands of others that have a need or want for it -- even if the overall transaction was just break even.
Bill, did I tell you I signed you up for this?
...and apologies in advance if this formats wonky
Justin
Very true. Often a collection is worth more in pieces - especially on a market like eBay. I've always just told my wife that if something happens to me to call Bill Degnan. But then what? Ideally a few pieces he would hold on to and then direct the sale and/or donation of the remaining via some on-line sellers/brokers. It wouldn't be about a windfall of money for my family, but more about putting it into the hands of others that have a need or want for it -- even if the overall transaction was just break even.
Bill, did I tell you I signed you up for this?
...and apologies in advance if this formats wonky
Justin
Gotta laugh. But you know you all can count on me! And I plan to live to be 100. I have been going with the one thing then one thing out too, rule. Ensures you're left only with good things so when I die my collection will be worth selling or donating to a museum, not much junk. Seems to be working pretty well. Speaking of keeping lean anyone need a small VAX? I have a few extras. If you're interested into getting into VAXen (Evan seen I can use this term correctly if I remember), I have a few that I will sell for what I paid for them (tens of dollars), if you don't mind coming to pick it up here. I will even help you get started setting up. Bill
Too bad I'm on the wrong coast now. I'd love to pickup a small vax for tens of dollars! Oh well, hope they find good homes. --Jason On October 24, 2017 3:27:02 PM PDT, william degnan via vcf-midatlantic <vcf-midatlantic@lists.vintagecomputerfederation.org> wrote:
Very true. Often a collection is worth more in pieces - especially
on a
market like eBay. I've always just told my wife that if something happens to me to call Bill Degnan. But then what? Ideally a few pieces he would hold on to and then direct the sale and/or donation of the remaining via some on-line sellers/brokers. It wouldn't be about a windfall of money for my family, but more about putting it into the hands of others that have a need or want for it -- even if the overall transaction was just break even.
Bill, did I tell you I signed you up for this?
...and apologies in advance if this formats wonky
Justin
Gotta laugh. But you know you all can count on me! And I plan to live to be 100.
I have been going with the one thing then one thing out too, rule. Ensures you're left only with good things so when I die my collection will be worth selling or donating to a museum, not much junk. Seems to be working pretty well.
Speaking of keeping lean anyone need a small VAX? I have a few extras. If you're interested into getting into VAXen (Evan seen I can use this term correctly if I remember), I have a few that I will sell for what I paid for them (tens of dollars), if you don't mind coming to pick it up here. I will even help you get started setting up.
Bill
-- Sent from my Android phone with K-9 Mail. Please excuse my brevity.
While I’d love to get into VAX, unfortunately my housing situation won’t really allow it. Living in a 2 bedroom apartment with 4 people isn’t a prime situation for vintage computers in general. So I constantly have to rotate out what I have in the apartment. At least I have a storage unit to keep my stuff now. Too much of it in the past had vanished from moving. On Tue, Oct 24, 2017 at 8:07 PM Jason Howe via vcf-midatlantic < vcf-midatlantic@lists.vintagecomputerfederation.org> wrote:
Too bad I'm on the wrong coast now. I'd love to pickup a small vax for tens of dollars!
Oh well, hope they find good homes.
--Jason
On October 24, 2017 3:27:02 PM PDT, william degnan via vcf-midatlantic < vcf-midatlantic@lists.vintagecomputerfederation.org> wrote:
Very true. Often a collection is worth more in pieces - especially
on a
market like eBay. I've always just told my wife that if something happens to me to call Bill Degnan. But then what? Ideally a few pieces he would hold on to and then direct the sale and/or donation of the remaining via some on-line sellers/brokers. It wouldn't be about a windfall of money for my family, but more about putting it into the hands of others that have a need or want for it -- even if the overall transaction was just break even.
Bill, did I tell you I signed you up for this?
...and apologies in advance if this formats wonky
Justin
Gotta laugh. But you know you all can count on me! And I plan to live to be 100.
I have been going with the one thing then one thing out too, rule. Ensures you're left only with good things so when I die my collection will be worth selling or donating to a museum, not much junk. Seems to be working pretty well.
Speaking of keeping lean anyone need a small VAX? I have a few extras. If you're interested into getting into VAXen (Evan seen I can use this term correctly if I remember), I have a few that I will sell for what I paid for them (tens of dollars), if you don't mind coming to pick it up here. I will even help you get started setting up.
Bill
-- Sent from my Android phone with K-9 Mail. Please excuse my brevity.
-- Normal Person: Hey, it seems that you know a lot. Geek: To be honest, it's due to all the surfing I do. Normal Person: So you go surfing? Normal Person: But I don't think that has anything to do with knowing a lot... Geek: I think that's wrong on a fundamental level. Normal Person: Huh? Huh? What?
participants (5)
-
Bill Loguidice -
jaj＠totallyamused.com -
Jason Howe -
Joseph Oprysko -
william degnan