Conduct
Estate sales are usually conducted by a professional, for a percentage of the revenues. The liquidator may also charge the estate for the costs to give the sale, including advertising, marketing, research, labor, security, refreshments and other fees incurred in giving a successful sale. The presence of a professional liquidator may be necessary because the scope of the process is likely to be overwhelming to the survivors. The liquidator often has a loyal following, consisting of dealers, collectors and the general public. The liquidator may be familiar to buyers who have been attending the liquidator's sales for decades, and trust that the liquidator will price wisely and fairly and steer them toward finding their niches within each collector's realm, and for the specialist's knowledge and experience with pricing items, and general value knowledge of all types of household goods and personal property value, and the specialist's experience in disposing of unsold goods in an unsentimental manner after the sale. These professionals often take a percentage of the net proceeds, anywhere from 25% to 50%.
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Famous quotes containing the word conduct:
“There is no question what the roll of honor in America is. The roll of honor consists of the names of men who have squared their conduct by ideals of duty.”
—Woodrow Wilson (1856–1924)
“The conduct of God who disposes all things kindly, is to put religion into the mind by reason, and into the heart by grace. But to attempt to put it into the mind and heart by force and threats is not to put religion there, but terror.”
—Blaise Pascal (1623–1662)
“It has become the custom in our country to expect all Chief Executives, from the President down, to conduct activities analogous to an entertainment bureau. No occasion is too trivial for its promoters to invite them to attend and deliver an address.”
—Calvin Coolidge (1872–1933)