The Right Place

This is the time that you must use all the advantages that you have learned though reading the 31 Club's blog. Yes, the top dollar can be had for your better items that you wish to sell but knowing where that price will come from is most important. I just experienced this myself on a painting by Walter Darby Bannard.

After conducing my research, I found that Wright Auction here in Chicago had done quite well with Bannard's paintings and since I live in Chicago this would the obvious place to sell it. Was I wrong? I took the painting to Wright's and left it to be appraised for auction only to be very disappointed by their pre-auction estimate. Fortunately, I didn't accept their estimate and picked up the painting. I wasn't sure what to do – so I contacted one of the largest auction houses in the country and after just a few days, the reply came and to my amazement their estimate priced it higher than I had expected originally.

The lesson here is that your opinion can be right even if someone else disagrees with it. Sticking to your guns until you are given a reason to change your mind should be your rule. Why have we spent so much time studying if our opinion doesn't matter? In fact, just because we've been told that a piece a certain value might mean a lack of confidence in the auction house's ability to sell our piece. So rather than sacrifice the piece, look for a better opportunity.

Another example is my experience with the two Charles Courtney Curran's paintings that I am offering in the marketplace. I have had a lot of interest in these painting and have received several offers but nothing that I would accept. Was I right? Let's see - holding to a price of $9,000 for the pair, I was beginning to wonder if I was the only one that thought they had that much value until Shannon's Auction recently sold a smaller, yet similar, painting by the same artist at their last auction. It brought $5,100 and confirmed my opinion of an accurate valuation on the two pieces I have. YOU MAY NOT ALWAYS BE RIGHT AND THERE MAY BE TIMES WHEN YOU HAVE TO ALTER YOUR PRICE, BUT BE SURE TO TAKE YOUR TIME DOING THIS AND ONLY DO SO WHEN YOU ARE CONVINCED THAT IT IS AN APPROPRIATE DECISION.

As you find out that the rare and unusual doesn't come along every day, you should maximize your profit when they do, because the true collector will be willing to pay you a fair price for your better pieces. The examples I sited above demonstrates this principle, because by using good judgment, the return on these items will be thousands more than if a hasty decision is made and someone else benefits from the true value for the pieces.

This is the time to keep your powder dry until that special opportunity arrives then open fire and shoot for the moon.

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Ripe Market for Picking Treasure at Local Auctions and House Sales

1870 Liberty & Vienna Railroad Stock Certificate sold on eBay for $152.50

This market is ripe for picking and you, members of the 31 Club, are making my mouth water from the lists of auctions and estate sales you send me to review. Everyday these lists are coming in, and I just wish I was there to enjoy the feasts you are partaking of. In these markets, if you spend your money wisely it will be a great winter for you. I do have to caution you, however. In your enthusiasm, don't fail to do your homework and attend previews. Missing any damage on pieces can be quite costly and can take a large percentage of your profits.

I took a look at an auction list one member sent me and wanted to hop on a plane to join him. There was a wide variety of items represented in this auction, but I quickly narrowed it down to under twenty. I figured if I were in attendance and only purchased half of these twenty items my night would have been well spent with good gains.

There were some wonderful items on the list but nothing that would draw a great crowd. This is the type of auction that you might sneak up on and find a true bargain. There were two prints by Jessie Wilcox Smith and these made me think of the time my friend, “Little Jimmy” purchased what was supposed to be a print, for $40, and then resold it sold within a few months at Treadway Gallery in Chicago for over $22,000 because it turned out to be an original.

Just to give you a feel for this auction, there were prints, books, toys (with many Hot Wheels), jewelry, rugs and one lot of over 100 piano rolls. I pick out the piano rolls as one of the items I’d bid on. Why? Well, if you were with us in the beginning of 31 Club, you might remember that one of our very first members made her first $80 investment on several boxes of vintage phonograph needles she found at a garage sale. Many would have thought that was a foolish purchase until they saw the money she made selling them on eBay. Those needles brought in over $800. When you buy in bulk, it will often pay off very well, as it did for Cecil on the lot of vintage Railroad Certificates he purchased.

One of the best buys that I have ever enjoyed was when I purchase over 500 Royal Doulton items at one time. The $15,000 I paid seemed to be a huge amount of money, but when you spread it out over all the items I had definitely paid less than the 25% rule we go by. So if the average price was $30, and I made at least four times my money, you do the math. I think you’ll see why I was smiling as I left with my truck full of Doulton.

At local auctions and house or estate sales, be sure to keep your eye on items that have a high value in the market place, but in these selling venues, won't bring the value they truly deserve. This is when you step up to the plate. And remember our Associates Program if you find high quality items that are beyond your budget. Members who are using this program when spot high quality items are able to make money when they call the Club and we negotiate, purchase, and resell it. I have found that at local auctions and house sales, most people have a pain threshold of about $1,000 and when the price goes above that, the crowd quickly dwindles. This is the game you want to play as soon as possible.

The office doors are open again, so I’ll be waiting for those questions and suggestions that will help make this one of the largest enterprises around.

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Negotiating Your Best Deal on Leftover Estate Sale, House Sale, and Auction Items

What's your next move if there are items you want to buy at a house or garage sale, but prices are firm and more than you want to pay?

Do you walk away in search of greener pastures? Absolutely not.
You make a lower offer and see if it’s accepted. What’s the worst that can happen? Someone might say “no”?

Do you just pay the asking price? Of course not. That’s breaking all our established rules for success, as well as a guarantee failure will soon be your partner.

Yesterday, a 31 Club Member called me facing these choices. He had been at a house sale and found many upper end items the first day of a sale, but prices were firm that day. A 24” x 36” pastoral painting interested him, but he could only describe some of the things I would need to know if I was going to make a phone assessment of the piece. Since prices were firm, I advised him to return to the sale the next day, bringing his camera along. So, back to the sale he went the next day.

Oh, Boy! It’s Leftover Time. Leftover Estate Sale Items Can Be Your Ticket to Success.

Hooray! The painting was still there, and its price had been reduced from $400 to $200. He shot some photos of it, and sent them to me via e-mail. I looked at those pictures, and I realized he had found a treasure. In fact, I had just sold a much smaller painting similar in subject matter to this one; cattle and a stream backed up by beautiful mountains. And, his painting appeared to be better quality than mine, and it was twice the size. Who knows what this might bring in? My painting brought in $2,600 in an Evansville, Indiana sale.

After I looked at these pictures, I got him back on the phone and asked to speak to the lady conducting the sale. We had some light conversation, and then I asked if she could possibly take $100 for the painting. She agreed! No other takers were waiting in line for this piece, and the sale was ending. The company had done the best they could do, and $100 was their best offer. End of story. Or, is it?

31 Club Free Mentoring and The Associates Program is Worth Countless Bucks in Your Pocket.

Along with my offer of $100, I asked if there were other items not sold. And there were many. In fact, several paintings were left behind; their signatures impossible to read. That is – impossible to read for the person who’d not seen these signatures before. Remember, Knowledge is King, and that where 31 Club comes in. You see, tomorrow, our member is returning to photograph and e-mail me photos of the leftover items.

Depending upon what’s leftover, we’ll make an offer at a price we like. Although this member might not have the funds to purchase all the leftover items we like, the 31 Club Associates Program will buy those items that are beyond his budget, handle the sale, and share a good percentage of the profit with him. It’s a win-win deal for both of us, and we’ll make it possible for the sales agent to close the sale without having any leftover items in inventory to dispose of. That's win-win-win. The sales conductor will be quite happy, and there could be a few great treasures in there for us. The Associates Program is available to 31 Club Members only, so join today, if you’ve been sitting on the fence.

A Rejection is Just a Problem You Haven’t Found a Solution For.

I ask all 31 Club members to think outside the box. You’ll discover that situations aren’t as they first seem to be, and with a little creativity, you can turn this to your advantage. Countless times, I made offers on items that were rejected, but I continued to shop the sale and found other things to my liking. Before settling up, I’d go back to the items whose offers were rejected and ask, “Why don’t you throw that piece in for what I offered because of the amount of money I’m spending with you.” Very simple, and it almost always works.

Join with like-minded 31 Club Members and put a turbo charge on your treasure hunting skills. Get FREE Mentoring. Learn Inside the Industry Secrets. Learn to make high profits and continue to grow your money buying and selling antiques, fine art, and collectibles.

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Buying Fine Art and Antiques from Auctions & Estate Sales - Four Presumptions Not to Make

What a great radio show I had with Auctionwally. I have been answering the phone ever since. In this increasingly more difficult economy, people are beginning to listen more closely to what we are saying, and discovering it makes great sense and might be a solution for their financial dilemmas.

Our Member, William called the show, and I was so glad to hear from him. He is eager to be the winner of the 31 Club race to the million dollars. We speak with one another often on the phone or by e-mail, and he is learning at a very quick pace. Being a newcomer to this industry, he wasn’t sure how long it would take to master the skills for success. But, he simply went out, on perhaps, his first treasure hunting venture and promptly purchased a painting for $40. We’ve discovered it has a retail value of $3,500. Not bad for a newbie.

This is exactly why I make every effort to preview the paintings before I go to an auction or even a house sale if I am able. I can learn more about it and make an offer or bid based on knowledge. I truly believe that it is in the area of paintings that you can find the one treasure that can change the way you are living. So often, I’ve found that sellers do not have the resources to truly evaluate a painting. This can apply to individual sellers or auction houses. If they don’t subscribe to an art service, but only depend on book guides like “Davenports”, they may come no where near the true value of the painting they’re trying to sell.

Let’s go to the call I got yesterday from our member, Cecil R. and use this as an example to see how this kind of thing plays out. A friend of Cecil’s, who knew he had an interest in paintings, called him to tell him about two Charles Partridge Adams paintings up for sale through an auction house in Owensboro, Kentucky. In the Davenport’s guide, Adams is listed, but the price for his works are moderate. When we went to a service like Ask Art, we found that within the last month or so, a small oil on canvas of his sold for $12,000.

So, now you’ve got two paintings by Charles Partridge Adams listed in the local paper, and I’m fairly certain they were listed in the Antique Trader as well. Wouldn’t it seem like everyone, including their aunt and uncle, would know these were being sold and would surely show up and outbid a newbie? Well, everyone must’ve stayed away thinking that these fine paintings would surely sell for more money than they were willing to spend, especially with the market for paintings being so strong. Yes, indeed, everybody stayed home, and this opened the door for Cecil, to snatch those two paintings for (drumroll………………………) $700 apiece!!! Cecil might just have made himself about $18,500 -- conservatively.

With that example, let me stress a couple of things. First, Don’t presume that just because a painting is listed in an estate sale ad or an auction ad, that it’s priced just right.

Second, consider that the name of the artist, alone, might keep many buyers away. Buyers will often stay away when they’ve had a “rational” conversation with themselves that goes something like this: “Since it was listed in the ad, everyone and their uncle will now know it’s for sale. So, they’ll be plenty of interested and capable buyers lined up to buy. They will all bid the painting up beyond my reach, so I’ll just stay home and not waste my time. In that way, I’ll save on gasoline and be able to sit on the couch and watch TV today, since it’s raining anyway.

Third, never presume that you know what is going to happen at a sale, whether auction or estate sale or house sale. You might be right, but – what if you’re not? What if you’re completely wrong, and you never even bothered to step foot out of the house?

Fourth, before you decide not to go at all, take my experience into your mind before you decide. You see, I have found that even when I’ve gone for a particular piece and it’s been bid up or priced higher than I’m willing to pay, I have usually stumbled upon other treasures that I would have missed, had I decided to stay home.

Your success will be based upon the number of items you have the opportunity to buy. So if you don't get out of the house to buy, your chances of success are very limited. Get out of that house. Your treasures are awaiting you.

Join with like-minded 31 Club Members and put a turbo charge on your treasure hunting skills. Get FREE Mentoring. Learn Inside the Industry Secrets. Learn to make high profits and continue to grow your money buying and selling antiques, fine art, and collectibles. My 220 page book, 31 Steps to Your Millions in Antiques & Collectibles is FREE with your membership. The book is also available on Amazon.com. If you buy the book on Amazon, then the membership is FREE.

Antiques & Collectibles: 31 Club on the Radio with Auctionwally.com

What an exciting time this is in the life of the 31 Club. I’ve been invited to do the Auctionwally BlogTalkRadio program on Monday, May 12th at 8PM EST. Auctionwally, a.k.a. Walt Kolenda, will interview me, and some of you will hear the many stories you’ve sent in to me and spoken to me about over the phone told to an Internet audience. An hour and a half of questions and answers about how we are turning the antique and collectibles industry on its head will be in store for you when you tune in. Anyone can call into the show and ask questions, so be sure to participate with us by calling 1-646-378-1561. Walt is a licensed auctioneer with 25 years in the antiques/auction business, as well as a Powerseller on eBay.

After getting the endorsement for our book, “31 Steps to Your Millions in Antiques & Collectibles” from Skip McGrath, perhaps the best known authority on eBay, things have escalated at lightening speed. You can find Skip’s eBay Instruction Products on our website, and I can assure you,if you use any of them, your business will benefit tremendously.

The Auctionwally radio program will expose our business approach to the antiques, collectible and fine art industries and how it can change lives. The vision we formed less than a year ago is now taking shape. It will require super strength by all, including our members, to reach the finish line, but I have no doubts we will. The stories of treasure found and sold according to our plan can make this venture something we will be telling our children about. Each time I receive an e-mail or a phone call from one of our members, I feel your excitement and have confidence that the principles I teach will work for you when applied. Keep the phone calls coming.

Jeremy and Cindy are busy at work reconstructing our site, and they ask you to send in any suggestions or ideas you have. They are eager to hear what our members think and want. I would be remiss if I didn’t give thanks where thanks is due. I prayed that if this plan that I envisioned wasn't from Him, then I wanted it to fail. But, if it was of Him, that he would place his blessing on it. God has shown that this is truly a way in which people’s lives can be changed while, at the same time, help many families in these days of economic stress.

I WILL BE OUT OF TOWN VISITING MY SON IN BALTIMORE TODAY THROUGH SUNDAY. THE BLOG WILL CONTINUE WHILE I’M AWAY BUT PHONE CALLS AND E-MAIL WILL BE ANSWERED ON MONDAY.


Join with like-minded 31 Club Members and put a turbo charge on your treasure hunting skills. Get FREE Mentoring. Learn Inside the Industry Secrets. Learn to make high profits and continue to grow your money buying and selling antiques, fine art, and collectibles. My 220 page book, 31 Steps to Your Millions in Antiques & Collectibles is FREE with your membership. The book is also available on Amazon.com. If you buy the book on Amazon, then the membership is FREE.

Take a look at our Gallery of Fine Art Paintings by Listed Artists, here.

Daryle Lambert: It's Auction Time For Antiques & Art. Do You Know the Schedule?

In the auction world, the year is divided into time periods, and most of the larger auction houses have their sales spaced throughout the year. There is a reason for that. Customers have come to expect the better items to be auctioned during these months, so the auction houses accumulate the better items especially for these sales. This draws a larger interest in the auction and creates bidding competitions for the offerings.

With that in mind, I hope you have been filling your inventory with the treasures that will start this year off in the right direction.

The real auction time starts in the spring, after most sections of the country have gotten over the winter blues. March and April will be the time that most auction houses start to bring out their big guns, putting out their best merchandise for sale. Customers have been waiting to get back in the game, whether it is buying to further their own collection or increasing their inventories for later sale.

The second round of sales come in the summer months, May through July. But it is later in the year that the auction calendar really gets filled. September and October see their fair share of sales, and the calendar really gets loaded for the end of the year sales.

These schedules can be turned to your advantage. By buying on the off months at minor sales, cherry picking them, (buying the best out of each auction), then you will have merchandise to turn when the "real auction" starts. Don't listen to those that say you can't buy something and then sell it again sooner than five years time, because it won't be fresh on the market. This definitely isn't the case.

Jimmy, a dealer I know and I have written about in my book, purchased a painting for $40 at an auction house in Chicago this year and then took it to the other side of town to place it in another auction. You might have thought that putting this back in auction so soon wouldn't have produced any interest. That's what conventional wisdom would have told you. But, that painting brought Jimmy over $22,000. It saved him from waiting a long period of time and put his money to work that much earlier.

Years ago, I purchased a Rozenburg plaque from an auction in Florida for somewhere around $1500 and sold it within a few days for over $5,000. So much for waiting so that items are fresh on the market. if my memory s If you buy quality, it doesn't matter how long you keep it, a day, a week or five years. There will always be people wanting to buy it from you. If the Harvey Joiner painting I sold at auction last week wasn't purchased for a personal collection, I highly suspect it will be hitting the market again very soon. The buyer got an excellent price and can still double his money, at the very least.

Consigning an item for sale at an auction house is another area I'd like to give you some information about. When you consign an item for sale, be sure you feel confident that the reserve you have set is one you can live with and be satisfied, especially if it is an important piece. The reason I say this is because if your item doesn't sell at that auction, this doesn't mean that the value you established for it wasn't valid, it just means that on that particular day, at that particular auction there wasn't anyone who wanted to pay your price, or had an interest in it. So you gladly keep the piece for another time, and perhaps another place. Believe it or not, I've had this happen to me, only to receive twice what I thought the item would bring, originally, at another auction.

Too many times, I have seen people so disappointed that their treasures didn't sell at what they thought it would, they've discounted it by up to 50% to get rid of it, only to see the new purchaser resell it for several times their purchase price, leaving the original owner's self confidence destroyed.

Search out the local auction houses in your area and get their schedules. If you're not familiar with auctions, plan on attending the preview and look around. Make note of items that catch your eye. Then, attend the auction and see what certain items are sold for. The best way to learn is by experiencing things for yourself.

I recommend everyone have subscriptions to the trade papers. Antique Trader, AntiqueWeek, Maine Antique Digest, and AntiquesTrade Gazette for those of you in the UK. These are excellent papers to keep you abreast of the industry, auction results, and where the antique shows and auctions are being held.

Discover how our book can be the tool that helps you build more personal wealth than you might have thought possible. And doing it in the Antiques, Collectibles, and Fine Art Markets rather than the traditional methods. You won't find these kind of results with your bank or your stock broker!

Read more about The Million Dollar Challenge members are participating in.

If you haven't yet had a chance to see what we've got listed in the 31 Gallery & Marketplace, click on over and take a look. You might even find a real bargain. We've got many high quality items priced reasonably. If you have a high quality piece you'd like us to find a buyer for, why not consign your item to us. No high fees when you sell with us. Contact us here.

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WOOD BLOCKS - This can be Confusing. Antique Prints

When I was a small child I played with wooden blocks that had the alphabet and numbers on them. It was great fun spelling words and adding up the numbers. People told me that wood blocks brought a lot of money at auction. This confused me, because I wondered how that could be. Yes, some of the block sets could bring several hundred dollars if they had beautiful graphics on them, but I didn’t think that was what they were talking about. I was right.

In the art world, there are a group of works called "Woodblocks" that are very special. These prints are made by first carving out patterns in wood then inking these blocks and placing the ink onto paper. Each color in this process is applied by its own block. Some pictures may require as many as ten or twenty blocks to complete the picture.

The Chinese did this type of work, first, a round 220 A. D. There are also records of the Japanese and even the Egyptians printing in this manner. Later, many artist from other countries started to produce these images, and they became very popular. Today it is not unusual to find Wood Blocks at auction that bring $10,000 or more.

Once you have seen several of these prints, it becomes easy to identify them. I have to admit, I personally enjoy looking at them. The work involved in producing these pieces require great artistry plus time. I think they should command great valve if they are well done.

If you have spent the time in your search to acquaint yourself with the names of the better artists that produced these "Wood Block" masterpieces, don’t be surprised that the asking prices may be rather low. This can play to your advantage. Why? Because there are very few people that have the knowledge to spot these items of value.

Let me give you a few examples: A Gustave Baumann, 11 by 10 inch print will commander prices of $7,000 to $15,000. A Helen Hyde 20 inch piece, $2,000 to $5,000. An Abraham Abramovitz 14 ½ by 10 inch print, $3,000. II could go on and on

Be sure to check every frame you see whether it is hung on the wall or not. You might find a real treasure sitting in someone's basement on the floor. Add these to your list of things you want to know. This just might prove to be wise judgement on your part.


Be sure to visit our web site for more information about how you can join the 31 Club and start your own race to your millions! Read more about it here!"The Guy in the Red Tie" --- Daryle Lambert

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Out of the Gate - Sky is the Limit!

Yahoo! The 31 Gang has broken out of the gate in the $1,000,000 Race.

Our enamel on copper painting, that was purchased for $35.00, just finished on eBay for $313.00. The Doulton figurine that was purchased for $65.00 finished at $80.79 and the music box didn't sell. Our $125.00 invested returned a net of $335.63 after fees, definitely more than double and completing our first step in the race. Plus, we still have the music box to sell later!

We will be listing the two Meissen figurines that we purchased for $340 on eBay, and hopefully, we will be making one or more steps on them. Patience and consistency will get us across the finish line, and I hope that there are a lot of you there with us.

Yesterday, I was able to purchase three miniature Lotton vases. But before I let the person off the phone, I asked if she had anything else that I might be interested in buying. Her response was, "I have several other Lotton pieces, and I would be glad to sell them to you whenever I can find them."

The lesson here is to never leave a person after a purchase without asking if they have other things to sell. They may have other pieces. If they do, you can buy them at a price that is acceptable to you. How do you know this? Because you were able to purchase the items from them already, at a prices that you could accept.

As you can see, The 31 Gang isn't making just one purchase to meet its goals, but multiple ones. In our first purchase, only one piece out of the three reached our goal, but the combination of their sales prices got us over the top. It is fine to put all your money in one item, but it isn't always necessary to do so for you to take the next step.

Now that the weather is changing, there may not be as many house sales and garage sales for you to attend, but there are still more places to search than you will ever be able to visit. Auctions, Consignment shops, antiue shops, shows, just to name a few. There will be newspaper ads to answer, ads in the for sale section of the Antique Trader, AntiqueWeek, Maine Antique Digest, and The Bee will provide happy hunting grounds for you all winter.

I want to thank each and every one of you for your concern and support as we work our way through the death of our friend.

Be sure to visit our web site for more information about how you can join the 31 Club and start your own race to your millions! Read more about it here!"The Guy in the Red Tie" --- Daryle Lambert

Ps: If you wish to leave comments use the ANONYMOUS button and then you don't have to sign in to leave your message.