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:
“The mere fact of leaving ultimate social control in the hands of the people has not guaranteed that men will be able to conduct their lives as free men. Those societies where men know they are free are often democracies, but sometimes they have strong chiefs and kings. ... they have, however, one common characteristic: they are all alike in making certain freedoms common to all citizens, and inalienable.”
—Ruth Benedict (1887–1948)
“... the conduct of an accountable being must be regulated by the operations of its own reason ...”
—Mary Wollstonecraft (1759–1797)
“Armies, for the most part, are made up of men drawn from simple and peaceful lives. In time of war they suddenly find themselves living under conditions of violence, requiring new rules of conduct that are in direct contrast to the conditions they lived under as civilians. They learn to accept this to perform their duties as fighting men.”
—Gil Doud, U.S. screenwriter, and Jesse Hibbs. Walter Bedell Smith (Himself)