When to start thinning down?

edd_jedi

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Sorry for the cheery topic, but I've been thinking a lot recently about how to lessen the burden of my collection on my family when I'm gone. The main reasons for this are obviously getting older, but also some of my friends / relatives starting to pass, and also being honest the seeming decline in value / demand in vintage.

We've all been there - when I was in my 20s I expected to live forever, had very few financial responsibilities, and thought when I had kids they would love all my old stuff as much as I do. Sadly, now reality has hit - my kids aren't at all interested in my old toys or video games, all my son wants to play is FC 25 no matter how great I tell him Dark Forces or Super Star Wars are.

I'm not particularly worried about losing money, I bought the vast majority of my collection well before the 2016 "peak" so even at today's prices I'll be quids in if I sell. But the upwards trajectory in perceived value I saw annually has at best flattened, more realistically started to fall.

My wife has also made it very clear that if I did die unexpectedly, my collection would not be the amazing windfall it is in my head, it would be a massive burden, I'm talking probably 20+ 64L Really Useful boxes worth of toys and games, enough to set up a toy shop. And I would obviously be posthumously gutted if it all ended up in the wrong hands for a fraction of what it's worth today (that might be sentimental rather than cash value at this rate.)

I'm pretty happy with the small amount of stuff I have on display, it gives me a nice nostalgia hit every time I walk past it, but the other 90% of the collection packed away is just gathering dust and starting to bother me. I really enjoyed Echo Live last month, and didn't feel too bad about selling a few bits, so I think it's probably time to get the ball rolling.

Has anyone else got a plan for either letting it go themselves or what to do if you died suddenly? I have recommended Vectis, but even then while the Star Wars toys would do well, I have some very rare video games that would go under the radar there, and I'm not aware of a UK equivalent auctioneer for them.
 
While there isn't (to my knowledge) a decent price tracking tool for vintage toys, I use Price Charting for games, and you can also see the levelling off very clearly here, so it's not just vintage toys slowing down.

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My thoughts were that if I pass suddenly, give the lot to Vectis and try to negotiate a better sellers premium.

If I knew in advance that my time was coming and there was enough time, I'd probably sell some choice pieces to people who would want them, then give the rest to Vectis.
 
No plan as such - my 14yr old routinely walks around my office pointing at all the things he will put on Evilbay when I kick the bucket - I think he's joking.......... Maybe.

I still have the same collecting goal I had 20 years ago and I want to complete that (basic figure run 1978-2005 carded - with the obvious addition of stuff around that) and I'm getting close now - but like you, no one in my household cares (add in the Transformers and MASK and Lego) and there is a lot of stuff no one wants.

I strongly suspect my instructions would be to go to Vectis (or equivalent) and sort it that way. Everything I own is catalogued in a Database, so it should be easy enough to appraise - and at the size it is, Vectis will come and collect I'm sure.

To be honest I am not one to believe in what comes after, so I figure when I'm dead, I'm dead and therefore people can do what they want.

Other thoughts - are there toy museums, they are about, hell, we could all donate and create a Rancho Obi-Wan in the UK :)

It's a morbid thought for sure, but you are right, sadly this is how time works and there's no getting away from it. Its funny, my brother and I often argue about what stuff from our parents house we will get, each arguing the other should get everything as neither of us want anything - so I imagine my kids will be the same.

Very cheery for a Monday (or any day for that matter)
 
My collection is essentially minuscule, but my other half is under instruction to ask Simon before binning it, just in case it’s worth actual money worth having at the time the bucket is kicked.
 
As I have already sold up once I would do the same as last time, make one call to Vectis and that’s it.
My wife knows what to do so if it was quick (and fingers crossed it is) I have no worries.

As mentioned above, if I had time there are a few pieces that I know friends would like so they would be offered first.

The more you have the more of a burden it is, but the most important thing is to have a concise will in place, as this removes a lot of the unknown for those who are left behind.
 
I have this fantasy of selling off all of my worldly possessions and heading off somewhere sunny for early retirement. As the years progress I think about it more and more. The problem is the only possessions I would miss would be the vintage Star Wars as they still give me an immense amount of pleasure. If I didn’t make it to retirement Nicky has instructions to call Vectis. With regard to prices going down, my feeling is I’ve had my moneys worth enjoying owning these magical items!
 
I collect with my Son and we have got my 8 year old Grand son into vintage so what I have when I shuffle off this mortal coil, will be passed on
 
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