We were invited to an event last evening at the Tucson Museum of Art, "Tips from an Auction House Insider." Marin Hindman of Leslie Hindman Auctioneers talked about estate valuables and the importance of determining what will be done with those valuables over time. She gave example after example where the owners made different choices based on the circumstances, ie. chose to keep family heirloom furniture whose market value had dropped because it was no longer fashionable, chose to sell pieces of jewelry because their daughters did not live a similar lifestyle as the parents and they could use the proceeds for their children's college funds, another family amassed an expensive art collection as an investment for their heirs and it did not hold its value, and a story about an appraiser going to a home to appraise a painting and as he was going out the door he noticed something in a pile to be donated to Goodwill that turned out to be worth hundreds of thousands! She also talked about the necessity of deciding who will get our valuables upon our death and making a written list for our heirs. There's no reason to quibble! So interesting!
