Bad Bob's "Thought for the Week"

ORCA Online Forum - Feel free to talk or ask about ALL kinds of old tackle here, with an emphasis on old reels!
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RAM
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Bad Bob's "Thought for the Week"

Post by RAM »

Regardless of your current attitude, you won't live forever.

You have a grunt load of reels.

When (not if) you die, something will have to be done with them.

The person responsible for dealing with them is not likely to feel the degree of fascination with old reels as you did (understatement).

Do you care what eventually happens to your reels?

Are your desires in writing?

Quoth the raven, "Nevermore!"

Don't thinking about stuff like this jest make your day? Bad Bob
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Brian F.
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Post by Brian F. »

I seem to recall Len doing an article about options on disposing (liquidating?) one's collection. As for my own, I'm hoping to make it as simple as possible for my survivors. I've kept good records but, unfortunately, physically keeping track of and cataloging everything means it's not so simple for me...now where did I stash that Templar...somewhere around here someplace...
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SWIM JIG
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I have been around a LOOOONNNNGGG TIME!!!

Post by SWIM JIG »

:D :) :shock: :? 8) :wink: :!: :?: :idea: :type: cool-thumb jump usa , you people worry me, heck I was too OLD for the Civil War Draft, being born in 1838, 16 april, why do you think I collect pre Civil war era REELS FOR? My advise for a long life is(1, Dont use tobaco, no alcoholic drinks, dont get in the front end of guns, , dont argue with sharp items, do things slowly,as speed does one in! I have outlived 47 plus mules, worn out more fishing reels than most of you have seen let alone owned, Keep your garden full of collared greens, eat corn bread, lots of fish, and above all keep away from Doctors! they kill people! Now BOB, you as a TENN. lad should know how to live! what to eat and what to collect? For me? hey I am gona gits some vitals, corn bread, turkey, homny, some fresh ramps, and a wee bit of peace ane rest! The old SWIM JIG transplanted in OHIO Col. milton lorens aka SWIM JIG!
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john elder
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Post by john elder »

yes, Bob...thanks ever so much for the monday morning guilt trip :D ...got to figure this out and stop messing about, eh? It is truly frightening how much stuff we all have accumulated...every time I open a drawer, I have another "Field Find" in my own house! ...and my intention of thinning 6 months ago, but getting rid of all those fly rods (13) that I found in the garage, resulted in them breeding to about 30...with the reels to go with it...help!
nroadrunner
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Post by nroadrunner »

:o Thanks Bob.
When I pass on my reel are to go on E-Bay one at a time. so outher ORCA's can have the fun of out bidding each outher for some NICE REELS Nate
Jerry J in OK
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Post by Jerry J in OK »

Milt...with your list of don'ts you took all the fun and adventure out of life...Bob, luckily I have a son and grandson that follow my passion for reels. Naturally they are gonna let dad and gramps do th money part and take up where he leaves off, but that is OK ...

Jerry
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drexelantiques
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I could be hit by a truck tomorrow.

Post by drexelantiques »

I'm relatively young, have no children to leave them to, no close relatives that would appreciate them. But with that you have to be prudent and make plans. If I predecease my parents, they get them, with a full inventory list I made for insurance, including photos, and instructions on how to go about selling them. I listed a handful of tackle auctioneers, with contact info for each, and specific instructions to not let any of the local auctioneers sell the collection. The insurance info has most of the info a good auctioneer would need on each. I also gave a list of a few collectors that they might want to consult for help in conveying the tackle to the auctions, and etc.

If I outlive my parents, then baring any changes in my life my estate goes to the Wildlife department of my state to be sold with the proceeds earmarked for buying property to be preserved. Again updated info on auction houses and a few tackle collectors I trust to be included with a strong suggestion that my collection be sold by a professional auction firm that specializes in antique tackle, the same for my better guns. My tackle I use for fishing that would be suitable for a take a kids fishing to be given to that purpose, the rest to be sold with the personal property from my estate outside of my collection.


It is only prudent. A few years ago a tackle collecting friend, and customer of mine died. Over the years I had sold him a few thousand dollars worth of lures, and I had seen his collection. A conservative estimate would have placed the value in the $25,000 range. Lets call him Tom, because some people would know who I was talking about if I used his real name.

Well he passed away. I am not one to rush to a widow and try to take advantage of her. A month or so after he died I phoned his wife, I'll call her Mary, which isn't her real name. I said something along these lines: "Mary, this is Jeff, you may remember that Tom and I had done business many times over the years. I certainly was saddened to hear of his passing. I hope you are doing as well as can be expected. What I am calling about is Tom's tackle collection. If you would like for me to help you sell it, I would be happy to help appraise it, and contact a tackle auction to sell it for you. Or, if you would like to sell it to me, would be happy to find someone to help you appraise it, but understand that I would be buying it to resale, and would not be able to pay the appraised price, but I would treat you as fair as possible. " She then told me that someone had approached her the week after the funeral, and that she had sold it. I asked her who she had sold it to, and for how much. $600 to a local flea market dealer. She had never believed Tom when he told her that this lure is worth $500, or this lure is worth $150. She just wrote that off as the whims of an old man, and figured he was getting taken by most folks.

I went to see the flea market dealer, with the idea of getting the collection back, but he had sold the best of it. We had a few words, but realistically there was nothing that ccould be done.

So don't count on your wife, or children to be prudent with your collection. Make sure they know the value, and how to proceed with selling it. Give them specifics on how to do so.
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Bill Muth
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Post by Bill Muth »

The best bet to make sure that your collection is liquidated properly is to put the process in your will, in detail. Otherwise, the situation discussed above can happen. If I happen to not change my will before that fateful day comes, you'll want to participate in the very next Lang's Auction.
Richard Lodge
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I'm feeling a bit faint....

Post by Richard Lodge »

Wow, what an uplifting topic to read at the end of a long winter day.
But seriously, if everyone were as organized and as good a planner as Jeff (drexelantiques), we'd be all set. I tip my hat to you, my friend, for planning ahead (which takes the burden and confusion off those you leave behind) and for thinking about the bigger world, if it does come down to your collections being auctioned and the money put toward a good cause, as you note in your post.
I think we'd all be remiss if we forgot that ORCA, through its directors, offers help and advice to any survivor of an ORCA member. My wife and I sometimes joke about it (or, more accurately, SHE ribs me about it) when I complain of a cold or a minor pain.
"So which ORCA board member should I contact if this cold of yours takes a turn for the worse?" she'll ask.
It's a light-hearted way to actually talk about a serious subject and yes, I have told her who to call about liquidating my collection before she puts it out on the corner for the trashman.
But I'm not done collecting yet...
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