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Old 14-09-2009, 06:18   #1
BigBHM
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Valuable Heirloom

Ok, as far as 'valuable' goes it's not up there with diamond rings or silver tea service sets lol, but..
When my father died in '07 i was left all his goods, including those he inherited from his mum and dad and some items from my Great grandparents.
Amongst the items is a programme from the 1913 London Aerial Derby held at Hendon (then London) Aerodrome (which I grew up a couple of miles from).

This is a pic of the exact item I have, as owned here by the London Musem, though mine is in slightly better condition:

http://www.museumoflondon.org.uk/Eng...ject&id=729278


I have looked briefly into it in the past (e-bay etc.) and not found the right place to find it's value, but I have just found this site which sells on ebay, and I am amazed at the potential value of my item.
Here is what the site has :

http://aviationbug.mybisi.com/produc...g_40462/?page1

They do not have the same one as me, they have one from 1914 but not 1913.
It seems the less pages the lower the value..
So a different one from 1913 is $99, but has only 20 pages, whereas a similar one from 1914 is $499 but has twice as many pages as the 1913 one they do have. A 1914 one with only 20 pages is also $99.
Mine is from 1913 and has 47 pages, so I am guessing it would be closer to the $499 value.

Question is.. Should I sell such an item and should I sell it to this site (who will clearly give me only 'dealers offer')?
I am not a user of ebay, and I am not about to become one - I have looked at joining but it is way to complicated regarding what you have to pay etc.

Does anybody have any thoughts/question?... offers? LOL

Thanks in advance.
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Old 14-09-2009, 06:42   #2
2shy2007
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Well personally I dont think it is up to any one member of a family to decide to sell and family heirloom, it should be passed down through the generations IMO.

You may get a few quid for it, but then it will be lost forever, never to be passed on to your children etc, and the story of its owner never told again.
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Old 14-09-2009, 07:30   #3
saver6
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Who are we to decide if he wants to sell it or not? Family heirlooms are actually a traditional form of passing on easily-sellable items, intended to let any family member who falls into hard financial times a means to gain cash. Saying that, I don't think I could sell it, but not everyone values things the same way.
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Old 14-09-2009, 07:41   #4
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OP do you 'need' to sell them , if not then i would hang on , it would appear that they can only go up in value
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Old 14-09-2009, 08:23   #5
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BigBHM, I don't think you need to feel guilty about selling the programme. After all, that's all it is: just a programme that has historical interest but is otherwise unremarkable and has no particular family significance in that your great-grandfather didn't take part in the race but simply bought a programme for it at some point. If the programme isn't of any particular interest to you, then sell it to someone who might want it more.

You have various choices as to how to sell it.

1. Despite the fact that you say you don't like eBay and don't want to pay its fees, it's actually a cheap way to get international exposure for an item and isn't really very complicated.

2. You could put it into an auction such as this one that includes aviation items. See The Collectors Sale on 5th November:

http://www.dominic-winter.co.uk/

I don't know what sort of commission they charge, but I suspect it would be a good deal higher than eBay's.

3. You could sell to the US dealer, but I'd prefer to try someone in the UK first. There's a list of aviation bookshops here:

http://www.aeroflight.co.uk/biblio/bookshop.htm#UK

You could contact one or two of the UK firms listed and ask for their advice.
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Old 14-09-2009, 08:47   #6
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I would view the item as a just that "a family heirloom," and yourself as a custodian until you pass it down to the next generation you could rent it out to a museum for safe keeping or storage.

Don't be tempted by all those flog it type TV programmes. If by selling it you get money you will surely spend that money quickly and it will be gone in days. My heart breaks when I see especially an elderly person selling a valuable family piece to pay for their care.
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Old 14-09-2009, 09:02   #7
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I can't help feeling that the thread title of Valuable Heirloom has somewhat put people on the wrong track.

What we have is an old programme that has some historical interest, a limited family significance and a limited value too: maybe the US dealer might give $200 or $300 for it, in other words around £120 to £180. That doesn't seem to me like a hugely valuable heirloom.

Should one never sell any item that one has inherited? Is one under some sort of obligation to keep everything (even the dull or ugly things) until one's dying day? I don't think so, but it seems that others disagree.
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Old 14-09-2009, 13:36   #8
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Thanks to everyone who has replied.
I guess I should clear up a few things.

For one thing, I AM in need of the money at the moment - it would go a long way to helping meas I am really struggling to make ends meet - this would actually help me out of a very tight spot and pay for an essential item I am having to save money for - an item which I have budgeted that I cannot afford until at least January and in the mean time will leave me living off £25 a week for all food and living expenses outside of bills.

I have NO children, and would highly doubt that I ever will have any. I have not been in a relatioshipf for four years, and have no plans to get into one, and I have never desired to have any kids.

I have two brothers, well, one really because one died two years ago, and the other is absolutely catagorically disinterested in anything the family has/does. He only visited our dad for half an hour when he was in the 11 day coma he was in before he died (and we KNEW he was going to die from the third day). I am not saying that to 'punish' him, but as an example of how little interest he has - it's not like he and dad just didn't get on or anything.

My dad also has a brother, who is every bit the same.

Some of you have mentioned the nature of an heirloom, and it has also been mentioned that this is not really one, and I have to agree with that point - the thread title was made in a hurry and I should have thought about it more. The fact is that NO-ONE in the family even knows about this. I never knew about it until my dad died and I looked through his stuff afterwards.
The only other people 'in line' are the two I mentioned and they have NO interest at all. I have told my uncle at the time of my dad's funeral that there are some items belonging to his father he may be interested in, and he simply shrugged and I have heard nothing from him.

As far as items go that are significant to the family, there are other items with significantly less commercial value which have a more personal meaning, so this is not exactly an item that means anything within the family - just happens to be a rare object that has some value attached. I feel sure that - as the family lived next to the aerodrome - if it was a 'big deal' then there would well be other items and programmes from subsequent Derbys held there - as this is the only one, I feel it was just 'something my great grandad did once' and was not particularly important to him or anyone else.


Thanks to Sigurd for those links and advice, I shall check them out and see where it leads me.

The one thing that is certain is that I simply cannot afford to lay out any initial costs in order to sell them - a case of I do not have the money until after the sale.

Any other advice is more than welcome
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Old 14-09-2009, 13:47   #9
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I may just add, that the reason I need the money is to buy back an item I have in a pawn shop (well a cash converters) - an item which means SO much to me and whose value will increase much more than this pamphlet. Also it has to be said the item I want back will itself prove to be a much more significant heirloom if I do ever have any kids - as it has for the last 8 years been my PRIZED possession, and I will never have another item I personally will treasure as much.
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Old 18-09-2009, 15:52   #10
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Just a quick update.

I have just received an e-mail from Dominic Winter Auction house (many thanks again to Sigurd for the link) who want to put the programme in the Nov. 5th sale at an estimate of £200 - £300 .
They said they like the pamphlet 'very much' and it is just the kind of thing their customers are looking to buy.
As I am in such need for the money I am seriously considering entering it into the sale, obviously in the hope that it will fetch more, but either way (if I do) I will be asking for a reserve to make sure it does not sell for less than £200 (of course there is a 15% commission to pay plus VAT).
Thanks again to you all for your input.
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Old 18-09-2009, 16:25   #11
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Sounds promising, BigBHM. Thanks for the update, and I hope the auction goes well. It would be good if you could give us another update after the sale.
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Old 18-09-2009, 17:37   #12
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I've been in this position. If you need the money sell the item. We must always look forward, the past is gone.
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Old 18-09-2009, 17:43   #13
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I think you are absolutely right birdsong, and having weighed it up, i know that it doesn't really have any family significance, in that no-one really seems to know about it's existence, and there are other items that are more personal to the family.
This just happens to be the oldest item and the most valuable, so in the spirit of needing the money, and it going to a more appreciative owner, I am indeed going to sell it.
Indeed Sigurd, I will update the thread once the auction is completed. Even if it does not sell on that day I know it's general value, and there will be other days.
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Old 30-09-2009, 14:55   #14
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Quick update.
I have sent the programme off today to Dominic Winters Auction house (eternal gratitude to Sigurd for the link once again .
After several e-mails back and forth we have agreed on the terms - well, they clearly want to sell it because they told me for one thing it is exactly the kind of thing their customers want to buy - so they offered me a lower commission at 10%, plus 1.5% insurance. There is no VAT (books are zero rated) and we agreed on a reserve of £200. They are also throwing in a free illustration in the catalogue. All for the sale to take place on 5th November.

Anyone interested:
http://www.dominic-winter.co.uk/

The catalogue will be online in a week or so I believe.

So wish me luck everyone, I am hoping it will really set the auction alight (it is apparently a VERY rare and sought after item in aviation history) and fetch a nice sum.
I will of course keep the thread updated when I get news.

Thanks again to all who offered their kind words of advice.

P.s, to the mods, as I no longer require 'advice' please feel free to move this thread to whichever forum you feel appropriate
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Old 30-09-2009, 16:42   #15
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I'm glad to hear that things are shaping up well, BigBHM. Let's hope you get lots of eager bidders at the auction!
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Old 30-09-2009, 17:41   #16
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Just read the thread and it sounds really good news for you BigBHM. Please don't feel guilty in any way about selling the programme. The items were left to you - not to the other two members of your family - so it is yours to do with what you will. Also I suspect your dad would be pleased that in some way he is helping you out of a tight spot and enabling you to get your item back that is much more precious to you.

Good luck with the sale. Fingers crossed a few folk have a battle over it and the price goes up nicely!
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Old 01-10-2009, 18:44   #17
BigBHM
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Thanks Sigurd (again) and dond.
I got confirmation earlier that the programme had reached them safely, so that particular worry has cleared up ( I have lost countless items in the post) and now it's just a case of waiting the 4 - 5 weeks till the sale comes up.
My fingers are crossed, and it does feel strange now knowing that I don't have the item anymore.
It's not so bad though considering before a couple of months ago I thought it might be worth about £30 at best, and it's potentially worth ten times as much.
Even if it doesn't sell it's not a problem, knowing it's value means I can put it in another sale sometime after, and the reserve will mean it won't sell below it's value.
I really hope their are two collectors that really want it and will have a battle, rather than one dealer alone - it will make a huge difference to the final price.
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Old 04-11-2009, 00:44   #18
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Just 'bumping' - don't normally do it, but the sale is in a couple of days time and I just wanted to be sure the thread was still here.
Fingers are well and truly crossed.
Address for online catalogue is in post #14 if anyone is interested (collectors sale).
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Old 04-11-2009, 01:06   #19
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Good luck BigBHM, hope you make way over estimate.
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Old 04-11-2009, 11:41   #20
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Fingers Crossed for you, BigBHM
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Old 04-11-2009, 12:57   #21
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Good luck OP, you have made the right choice. I hope the sale goes really well for you
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Old 05-11-2009, 19:36   #22
BigBHM
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Thanks a lot you guys, still awaiting the results to be published or to be informed - whichever comes sooner.
There was a sale yesterday and those results were published on the site late in the evening, so even if I don't get an e-mail or text I will know in a couple of hours time.
Will update with the result when I know it
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Old 05-11-2009, 19:47   #23
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How exciting! Do let us know, this is far better than Flog It!
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Old 06-11-2009, 19:43   #24
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I still don't know yet guys
They have not contacted me, and the site looks like it is being updated but as yet the results are not up.
I know I could phone them and ask, but I am scared to LOL. I have a bad feeling as it is, and when I do try the site it is done with my hand over my eyes peeking thru the gaps.
Yes, I am a big wuss.
Hopefully by this time tomorrow I will be able to say one way or the other.
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Old 06-11-2009, 19:51   #25
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BigBHM, I had a look at the Dominic Winter website. I take it your item was number 158 in the auction catalogue? As you'll have seen, though, the website is somewhat puzzling, because when one clicks on the Results link for yesterday's auction the page that comes up just says:

Quote:
The Collectors Sale

Thursday 5 November 2009 commencing at 11.00am

Prices Realised
If I were you I'd have been impatient enough to have phoned them sometime today — or even yesterday!
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