What Will Happen

[Green]

Originally Posted by mariusgmioc

Actually there are such museums (or there is at least one)!

I visited one about two years ago, the NEKA ART MUSEUM in Ubud, Bali, Indonesia. The museum features the private Keris collection of Mr. Neka and it is a "must see" for any Keris aficionado.

Yes, and I've been here twice. There is one in southern Thailand (on a smaller scale)...But would be good if we have more! to cater for specific kind of weapons of special interest to each museum owner... Neka for example caters chiefly to kemardikan Bali keris. I've yet so see any good mandau collections in any museums... would love it if someone would build a Dayak museum!

[Sajen]

It will be good to have a friend with knowledge to help my wife when I am gone!

[CCUAL]

When I started my collection I brought in a little side-kick with me, my 5 years old daughter. Now, even at young age, she's as enthusiastic as I am when it comes to this blades. She told me one time, don't worry dad, when you "kick the bucket! ", I will take care of our collections properly, I will place them in my home library for years and years to come for our family to enjoy, and when my time comes!.. but before it comes, I will mold my children or one of my children as their new care taker!

[machinist]

After a little talk with my brother I had planned to take pics and add notes as to what they are and might be worth and how best to dispose of each piece, some might do well on Ebay but others would need to go to a regular auction house.
Having a good database would be of help if I suffered a theft also.
I do think that getting rid of lesser pieces while still able to do so is best and pair down the collection.

[fernando]

Originally Posted by machinist

... Having a good database would be of help if I suffered a theft also. ..

I think this is a must, by all means ...
Mine is composed of:

#
TYPE OF WEAPON
COUNTRY OF ORIGIN
MODEL
SERIAL NUMBERS
MARKS/INSCRIPTIONS
SELLER
AGE
THOROUGHEST DESCRIPTION
PRICE BOUGHT
YEAR BOUGHT
HYPERLINK TO PHOTOS LIBRARY.

I have opted for price bought as i take it this is vital to register the actual value you paid for as then, eventually from there, you may build a theoretical selling price, depending on the context; in my case a price to loose, as i am no shrewd buyer at all.


.

[Lee]

The happiest situation, of course, is when the collector has deserving and interested relatives and or friends who would appreciate and maintain the collection, but I fear this is not a common outcome.

Similarly, the vast majority of the items in our collections are unlikely to be of interest to museums for inclusion into their collections and display. They can only absorb so much.

This means that the majority of our collections will find their way back into the marketplace and ultimately into new collections as the cycle completes another turn. This is not bad as this is where most of our own collections came from.

Unfortunately, preserving the monetary value of the collection upon dispersal for the collector's heirs will be difficult if possible. When items have been held for a good long time and have not fallen from popularity (or have been wrongly stigmatized and blocked from sale as is the current case of items with ivory content in many jurisdictions) natural price appreciation and the background of inflation will mask the expenses and trauma of transfer.

Sale by auction has been favored in the comments above and given the correct venue and a decent turnout may be the highest yielding 'turnkey' solution. Still, for most items, auction prices are likely to lag behind retail gallery prices, partially because the buyer must account for an obscene 15 to 25% (or thereabouts buyer's commission) beyond what the seller's commission will take. In any case expect, on a 'good' day at auction, that something like about a third of the value will be absorbed by the transfer process. With penalties for 'high' reserves, setting a reserve can provide only so much protection.

Selling to a dealer is another solution that may provide a quick and relatively easy 'turnkey' solution. However, one reality that many collectors may not realize until they try to sell in bulk is that a buying dealer must tie up their capital in the collection and it may take a lot of work, ancillary expenses and years to sell. This means that one should expect only 25 to 50% of the price that the dealer eventually hopes to realize. As some of you recoil in horror, let me advise you (from my own adventures as a 'limited instruction set specialist antique dealer') that the dealer is very likely going to earn that markup. At least with this option your heirs do know what you will get 'up front'!

You, your family or a friend of the family can always try the DIY (do it yourself) option and work through the collection via online sales or sales at gun shows and achieve a low retail return if you have the time and patience. You will surely earn the improved return with many hours of labor and you should go into such a plan with your eyes open as to issues with online sales hosts and their policies that may leave you hanging or 'crushed under the bus'.

Our deceased forums moderator Lew Waldman left his family with a written ledger book for about half of his collection with inventory numbers, a description and some of his thoughts about each item and an estimate of value. Doing so has increased their recovery of his collection's value. A database is great for the collector (and Fernando has covered what needs to be included above) but I would advise there also being a paper copy of the information just in case the family is less computer adept or the password for the well-encrypted file dies with you. (After all the file includes the greatest secret a collector will likely have kept from their loved ones - namely how much they have invested in their collection!) I have no one to keep this information from, and yet I still greatly restrict its dissemination. I have sternly warned my next of kin to find my records before disposing of anything - whichever option you choose they will need to have this information to intelligently assess their options! So, perhaps a private (only your name and signature) safe deposit box for your records of provenance, receipts, etc. and only a note they will find telling them where to find the key once they have a death certificate to present with it at the bank.

[A. G. Maisey]

Everything that Lee has written, I endorse 100%.

Several years ago, a lifelong friend of mine, who was a very serious collector of Eastern edged weapons, received his promotion to a higher realm. He had always told me in conversation that he intended his collection to be sold back into the market after his promotion --- in his words:- "for the benefit of my fellow collectors" --- and that he had entrusted this task to his heirs. He had prepared a record of:- year purchased, amount paid, description, together with a photo of each piece.

Now, several years later, that very large collection is packed into cardboard boxes in the under-floor space of his heir's home. To the best of my knowledge no attempt has been made to put this collection into the market, and the heirs themselves have nil interest in this "junk". When it finally does hit the market --- if ever --- it truly will be junk.

Another good friend, who has had a long and close association with the world of the keris has bequeathed not only his collection, but as far as I am aware, virtually all his other assets to a USA university. The keris & etc to the museum, the other assets, I guess, to the institution itself.

A third case of "collection disposal" of an acquaintance is for me, very sad. I had a customer who had discovered keris late in life, he quickly developed an intense interest, and he credited this interest with helping him to overcome repeated bouts of depression. He left instructions in his will that the collection be given to his old university. His heirs attempted to do this, but the university would not accept it unless it was accompanied by a massive donation of funds or assets to cover cost of keeping the collection. I do not know what eventually happened to this collection, and about 50% of it was very good, the balance just middle-of-the-market.

But one case in which I was involved is to my mind the ideal solution. At age 12 my grandfather gave me his collection of weapons, most of which were collected in place of origin between 1918 and about 1922.

The cases above, as well as a number of similar cases of which I am aware, and that involve the winding up of an estate, have convinced me that when I do move on, as little as possible of the things I have accumulated during my life should be left for others to get rid of. I've been working on this in a gradual manner for about the last 20 years.

[Green]

Originally Posted by Lee

Our deceased forums moderator Lew Waldman left his family with a written ledger book for about half of his collection with inventory numbers, a description and some of his thoughts about each item and an estimate of value.

Oh interesting...
His sumatera keris panjang #1016 under Indonesia list was sold on ebay sometimes back and it was bought by me.

I wish there are more people selling stuff in this forum ...