What Should I be Thinking About to Manage my Valuable Collectibles?
1
votes
Inventory and valuations, Insurance and protection, estate and charitable planning, costs of maintenance, resources to stay current with the marketplace and trends, is the collection a hobby or an investment, Are you relying on a liquidity event in your financial plan?, is the family involved and aware of your collection(s), what are cost basis and tax issues for sales? Avoiding scams and fakes. Will ageing impact your ability to make good financial decisions about the collection? Do you have a good list of contacts for appraisals, condition expertise and trusted agents to assist with sales?
