Estates & Collections
You’ve spent a lifetime building your collection of fine antiques or collectibles. Your collection will live on as part of your legacy. Do you have a plan for the disposition of your collection? How are you going to ensure that your precious collection is managed to your wishes?
Without a plan you are opening the door for anguish and disagreements among your family and heirs, as well as huge potential tax liabilities. Without a plan you are burdening your loved ones with decisions that can have lasting impact upon their financial well-being, all at a time when they are grieving your loss and likely to be the most vulnerable. James D. Julia, Inc. is here to ensure you have a plan–customized for you.
A Lifetime of Collectors’ Services
James D. Julia, Inc. has sourced, marketed and sold fine antiques for generations, helping collectors build, complete and pass along their beloved collections at auction. Along the way we’ve heard numerous stories of what can happen to a collection and a collector’s loved ones when the final disposition of the collection is left to the whims of chance. We’ve also seen the advantages reaped when collectors have planned ahead.
Julia’s Estates & Collections Department was designed specifically to help you take care of your collection–and your family–with our proprietary Plan in Place service that takes chance out of the equation with no cost or obligation.
So, what exactly is a Plan in Place? Quite simply it is a document that details what happens to your collection at the time of your passing. The plan, like a will, is implemented when you pass on and can be amended at any time as circumstances in your life change. You have the freedom to buy, sell, trade, gift or donate anything you wish, just as you did before creating your Plan in Place. Now, though, you do so with the peace of mind that you have made important decisions about your collection’s future under the best of circumstances.
You’ve avidly and passionately collected things that you love for years and during that time you have gained tremendous knowledge about the items you’ve accumulated. You have also learned about the world that surrounds your area of collecting–who the other collectors are, the best publications, websites, dealers and shows, museums that feature your collectible, how your collection has fared in the market over time, etc. And, as a collector, you have learned the best means of disposition–who are the best individuals and companies to oversee the task, what charges are appropriate and other key details.
You may assume that your family has the same knowledge and can utilize it in your absence. However, this is rarely the case. The best person in the world to know all about your collection and make choices about its future based on accurate knowledge is you.
Chances are you have carefully planned for the future of your estate by creating a will. As a serious collector, you must do the same on behalf of your collection. Choosing not to create a plan now will burden your spouse and/or family with an obligation that can be tremendous and life-altering because of the necessity to make disposition decisions soon after your passing when their thoughts are ruled by grief and other emotions. And, if your collection is an asset that is intended to support a surviving spouse or other loved ones in need, your family’s financial future could be at risk.
Julia’s Unique Plan in Place
Don’t trust your collection of valuable antiques or collectibles to chance. You owe it to yourself and your family to speak with us about our Plan in Place. To our knowledge, there is no other auction house in the world that provides a comparable service. Contact us by email at firstname.lastname@example.org or call us at 207.453.7125 to learn more and get started today
Some years back, in a rural Maine village, the estate of an elderly gentleman was dispersed. It was decided, in order to save money, not to have an appraisal done. They invited various family members in to select a few remembrances. The image above was part of one of the grandson’s selections. He showed it to a friend that had some knowledge of antiques who advised him that it could be quite valuable. The grandson brought it to Julia’s and received our verbal appraisal in which we informed him that it was a rare ca. 1850 San Francisco Gold Mining Scene that was highly coveted. When he learned of the financial potential of the image, he immediately consigned it to Julia’s for auction, where it was sold for $40,250. He used the proceeds to help purchase the ancestral home where his grandfather had lived. The outcome here was very satisfying to the fortunate grandson and the person who purchased this rare item. However, to the relatives whose remembrances were worth only a few hundred dollars each, the outcome wasn’t nearly as satisfying.
An elderly New England collector had amassed one of the most magnificent collections of antique Winchester firearms in the country. Late in life he began to make plans for his collection and having attended and familiarized himself with all the major firearms auctioneers, he eventually decided on a plan that the James D. Julia Auction company should handle his collection when he was gone. His plan was established with his family and after he passed on in 2004, our firm was called in to conduct the auction which was an extraordinary success. The total pre-sale low estimate for the collection was $2.3 million and the final selling price was $4.4 million!! This magnificent cased Nimschke engraved Winchester M66 carried a presale estimate of $75,000-125,000 and finally sold for $184,000!
This extraordinarily rare Bergmann tin toy Santa and Sleigh Pulled by Goats was the keystone of a major collection formed by a Midwest Philanthropist. His intention, in dispersing his collection, was to direct a significant portion of the sale to an organization important to him. Julia’s effectively implemented this Plan by drawing world-wide attention to his collection and achieving record prices for his goods then directing the pecified cash donation to the chosen charity.