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:
“As yet her conduct has been great both as a free and as a martial nation. We hope it will continue so, and finally baffle all her enemies, who are in fact the enemies of human nature.”
—James Madison (1751–1836)
“I had many problems in my conduct of the office being contrasted with President Kennedy’s conduct in the office, with my manner of dealing with things and his manner, with my accent and his accent, with my background and his background. He was a great public hero, and anything I did that someone didn’t approve of, they would always feel that President Kennedy wouldn’t have done that.”
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“Like many other great moralists and preachers, she had been eloquent on a point in which her own conduct would ill bear examination.”
—Jane Austen (1775–1817)