Free Updates
Navigation
Categories
| November, 2009 (1) |
| October, 2009 (2) |
| September, 2009 (2) |
| August, 2009 (2) |
| July, 2009 (3) |
| June, 2009 (2) |
| May, 2009 (2) |
| April, 2009 (2) |
| March, 2009 (8) |
| February, 2009 (7) |
| January, 2009 (6) |
| December, 2008 (2) |
| November, 2008 (2) |
| October, 2008 (2) |
| September, 2008 (3) |
| August, 2008 (1) |
| April, 2008 (1) |
| March, 2008 (1) |
Search
Archives
| | Sun | Mon | Tue | Wed | Thu | Fri | Sat |
|---|
| 25 | 26 | 27 | 28 | 29 | 30 | 31 | | 1 | 2 | 3 | 4 | 5 | 6 | 7 | | 8 | 9 | 10 | 11 | 12 | 13 | 14 | | 15 | 16 | 17 | 18 | 19 | 20 | 21 | | 22 | 23 | 24 | 25 | 26 | 27 | 28 | | 29 | 30 | 1 | 2 | 3 | 4 | 5 |
More Links
|
 Thursday, July 30, 2009
Preparing your collection for the hereafter
Posted by John
Each year, I try to inspect items in my collection for signs of mold, moths or any other form of destruction. Last week, after adding a couple of new Tank Corps tunics to my collection, it occurred to me that it was probably time again to do a bit of collection maintenance.
I hung the new tunics from the garage rafters and carted out all the woolen goods from my collection to hang as well. With everything spaced out, the door down and a hand over my mouth, I unleashed a bug bomb. Following 24 hours in my makeshift fumigation chamber, I hauled it all back into my office.
But, unlike other years when I do my annual fumigation, I didn’t put it all back in its place (I usually use this opportunity to rotate the exhibits in my office as well to minimize the effects of fading). Besides preservation of the collection, disposition of it has been on my mind lately.
Personal Responsibility
I recently assembled a “living trust” to take care of the distribution of assets in the event of my death. For the most part, it is pretty straight-forward: all personal property is to be sold and combined with existing assets before dividing them between a few close people. It is easy for almost anyone to understand the terms—except when it comes to the collection.
Like so many collectors, I have tied up a lot of money in pursuing my passion. I have even convinced myself and others that it is an “investment”. But investments are only good if you can facilitate the sale. I am not unlike other collectors when I believe I will have the luxury of choosing the time to sell my collection. This belief is further complicated by the thought that I can somehow control the pricing structure to realize a profit on the investment. But what if I die before I have that chance?
It’s In The Trust
There are many ways to deal with the liquidation of one’s collection after they die, but most are not to the advantage of the survivors. One can have an auction company come in and haul it all off, but it could be more than a year before any money changes hands. Other collectors or dealers will try to purchase some or all of it, but it is hard to know if one can trust these kinds of vultures.
In establishing my living trust, I came up with a plan that I can “live” with. Hopefully, there will be no need to implement the plan (assuming I have a long life of enjoying my collection and then liquidate it a year before I croak). But just in case, here is what I have established:
With all of the woolen goods out for the fumigation, I decided it was time to catalog the collection. I wrote the catalog for a “non-collector”. That is, I used terms and descriptions that a non-collector will understand. Instead of writing, “Paris-made 301st Tank Bn. Wounded in Action Tunic” I wrote, “Tan tunic with tri-colored triangle patch on left shoulder and red/yellow felt on shoulder straps”. I know what the items are...I don’t need a catalog to remind me. But, if my daughter is left having to sort out all this crap, I have to make it as easy as possible. I assigned a number to each item and wrote it on a tag which I attached to the item.
After the catalog was completed, I contacted a dealer whom I have known as both a friend and professional militaria dealer (not a weekend set-up-at-a-show type, but someone who makes his living dealing in the stuff). This fellow is someone I trust. In fact, we have trained together extensively in our defensive firearms classes—he is one of the few people I would trust in the most dire scenarios. I explained to him that in the event of my death, my appointed trustees will contact him. This is the gist of what I asked him to do:
When the trustees contact him, he is to make arrangements to go to my home and retrieve all items designated in the catalog. He is to price them in a way to maximize return but also to fully liquidate the collection. He is to pay the estate 60% of the realized price within six months.
It’s just that simple. His motivation is to price the items realistically--but aggressively—to make the sales and turn money back to the estate. Enough margin is allowed to provide him the incentive to follow-through on the deal.
It is a simple plan because I trust this person. My daughter knows him as does my partner. The personal connection, along with the professional work ethic that he has demonstrated, makes it comfortable for me to hang on to my collection as I grow older without creating worries or dilemmas for my daughter or partner when I keel over. They won’t have to deal with the vultures who profess to have been my best buddy or claim that I promised them first “dibs” on items (I don’t promise that to anyone—just my estate!).
Being a collector with a family requires one to act maturely and with responsibility. It’s bad enough I spend good money on 90 year old uniforms. It would simply be ridiculous to pretend that anyone close, who survives me, cares one iota for the stuff. What they will understand, if they have to deal with my collection, is the money. Hopefully, formulating a plan and filing it with my living trust will facilitate the easy transition from a room full of old military stuff into something useful for them.
Enjoy the hunt, but plan ahead.
John Adams-Graf
Editor, Military Trader and Military Vehicles Magazine
Thursday, July 30, 2009 5:52:35 PM (GMT Daylight Time, UTC+01:00)
|
|
 Wednesday, July 15, 2009
Just Sign on the Dotted Line
Posted by john
I have been giving a lot of thought lately to the cult of collecting “personalities”. I didn’t realize I had been pondering it so much until one of my regular authors offered an article about collecting autographs of people represented in a recent hit WWII mini-series. My reaction to the article was, “This isn’t militaria...this is just trying to grab a piece of someone else, no matter what the context of the signature.” This isn’t new...people have been collecting the signatures of the famous for a couple of hundred years. Gathering the signatures of Revolutionary War generals and politicians was popular before the Civil War. During the Rebellion, people eagerly sought the signatures of generals. As a kid, I briefly dabbled in the hobby when my brothers took me to the Minnesota Vikings’ training camp and I waited for Bill Brown, Dave Osborne, Carl Eller and Alan Page to sign a scrap of paper. Possessing their signatures somehow made me feel “closer” to them, though I actually didn’t learn a thing about the game or the players from their hastily scrawled names. And therein is the essence of autograph collecting—trying to be close to someone who really doesn’t know you exist. An autograph doesn’t impart any information about history (apart, possibly from the style of writing utensil and paper used in the creation), but it can be a conduit for a fascination about history. Holding a clipped signature written by General George Pickett doesn’t teach a person a thing about the general or his penultimate moment at Gettysburg. However, it does pique the holder’s fascination, and perhaps will spark the desire to learn more about the signer’s role in history. But how did the autograph article opportunity churn my brain to ponder my own collecting habits? Recently, I have had the opportunity to add an interesting piece of WWI Tank Corps history to my collection. The item, on its own, would normally be an $800 acquisition. It’s just a common item that every tanker had and represents a segment of history about the birth of the Tank Corps. However, because the item belonged to a famous tanker, the price is a few thousand dollars. I have wrestled with the acquisition for a week now. On the one hand, the piece does fill my personal collecting mission statement: “Acquire and display items that tell the history of the birth of the Tank Corps and its combat history in the Great War.” But any similar item—without the fame connection—would tell that story. The question I have been asking myself is, “does the Tanker’s fame impart any more about the early history of the tank corps?” If the answer is yes, the follow-up query is, “Is his story worth several thousand dollars?” This is a tough one, but the answer is somewhere near the core of collecting militaria.
Why do I collect? All of us who collect this stuff, whether autographs, medals, uniforms or tanks, in some part, are surrounding ourselves with representations of the deeds of others. Having a roomful of Tank Corps uniforms does not make me a WWI tanker any more than the reenactor who pulls on his reproduction uniform and slides into an actual FT-17 tank. But both approaches do impart some sense of the original tankers’ experience. My collection fulfills many roles in my life, however. I display the collection at my office, and find myself, through the course of the day, turning around in my chair and looking at my various exhibits. I approach the collection the way I was trained as a museum professional...I look for artifacts that will spark a dialogue. Each exhibit tells a facet of the AEF Tank Corps story, and as such, they tell the stories of personalities and experiences. Twenty tunics with tank corps insignia don’t tell the story of the Tank Corps any better than the single uniform worn by Sgt. Robert E. Hayes, a tanker in the 302nd Tank Bn. looking at a row of tunics, I have the reaction of a hunter/gatherer looking at a row of trophies. Looking at Sgt. Hayes’ uniform, I think of his trials and tribulations cooped up in a hot MK V tank training in France. While staring at Sgt. Hayes’ uniform and accouterments this morning, it dawned on me—autograph collectors aren’t that much different. They simply use the signatures as the conduit to ponder the experiences of the signers.
Seeking Advice In the course of contemplating my dual-dilemma (a: should I publish an article on collecting “celebrity” autographs and b: is a particular relic for my collection worth spending several extra thousand dollars simply because it was associated with someone famous), I sought the opinions of a couple of dealers and a museum curator—all three people I deeply respect. The discussion about the autographs boiled down to their place in the realm of militaria. To many, collecting autographs is like “counting coup”...it doesn’t impart anything about history but, rather, establishes a presumed relationship between the historic figure and the collector. But, the discussion led to there being different types of autographs. We labeled the first type “convention autographs”. In this group are the autographs obtained in a setting where the “celebrity” sits and signs anything from photographs to ladies’ breasts. You see this at many of the larger militaria shows. There is no shortage of Jeeps with dashboards signed by the “Gunny”. These are all what we considered to be “convention signatures”. They are produced long after the person’s rise to celebrity. The other group we labeled “contemporary autographs”. These are signatures that were written contemporary to the period in which the personality elevated to “historic” status. This led to a discussion of the value of a clipped signature versus a signature on a document that actually imparts a sense of person’s role in history. As an example of our thought process, we chose signatures written by Shifty Powers—an unknown-to-history WWII paratrooper until Stephen Ambrose interviewed him for his book, Band of Brothers. Shifty’s signature on a black-and-white photo obtained at the Show of Shows would be a “convention” autograph. His signature on a 1944-dated delivery shipment for ammunition near Bastogne would be a “contemporary” autograph. And finally, Shifty’s signature on a 1959 cancelled check falls somewhere in between. We concluded that that any article for Trader would have to clearly make these distinctions. Why? Because the “convention” autograph won’t hold its value beyond our generation. When we are dead and gone, the excitement about the Band of Brothers will subside and fade. They are not characters that will stand the test of history as opposed to the likes of Montgomery, Bradley and Eisenhower, who will continue to command interest. I hate to sound so shallow, but the “Band of Brothers” are like the Beanie Babies of militaria. They are easy to like, quickly identifiable and if one scrambles, one can “own” them (by acquiring autographs). Of course, I don’t want to imply that the soldier’s contributions aren’t important to history; I am just saying that their fame (and the attempt to buy and sell items related to them) is more of a “fad” than a collecting genre. Here’s another an example, this one a bit closer to home. A signature of Bernhard Graf who fought with Company F, 2nd Minnesota Infantry, has little, if any value to Civil War collectors. To me, because he was a great-great uncle, it has some personal value...it establishes a sense of connection to an otherwise unknown figure of Civil War history. A letter written by him from Nashville in 1864 commands a whole lot more interest (and would have a broader collector appeal) than his signature on a probate form from 1888 (which would have minimal collector appeal) and even a whole lot more than just a clipped signature written soon before his death in 1900 (which would have no collector appeal). The antithesis to these examples, of course, would be Sergeant Alvin York. His signatures have sustainable value that follow the three tiers of contemporary, somewhere-in-between, and convention. But the values are sustained because he is a recognized and decorated hero, unlike Shifty or Wild Bill of the “Band of Brothers”, who are just soldiers who found their 10 minutes of fame because an author elevated them to the big screen.
So? What’s the Price of Fame? After all this pondering and consternation, one would expect that I had reached conclusions to my dual-dilemma. I was reminded of the strength of the “identified” artifact (one which is directly associated with a particular soldier) versus the unidentified. When I know the identity of the tanker who wore a particular helmet or uniform, I am willing to pay more. For some reason, that sense of personality imparts a stronger connection to the history. Whether I admitted it or not, I collect “celebrity”. So, my former harsh opinions about autograph collecting began to soften. I am willing to admit that it is a legitimate segment of military collecting (though I continue to insist a Jeep signed by the “Gunny” is no more valuable than an unsigned quarter-ton in the same condition!). What about my big purchase? Well, I have concluded that the several thousand dollars for the connection to a Tank Corps celebrity is justified. Now the real struggle begins—paying for it!
Keep finding the good stuff,
 John Adams-Graf Editor, Military Trader and Military Vehicles Magazine
[Note: Signature not worth the paper on which it is written]
Wednesday, July 15, 2009 10:11:57 PM (GMT Daylight Time, UTC+01:00)
|
|
 Wednesday, July 01, 2009
The weight of words can hang heavy on the hips
Posted by John
Greetings, Like a lot of guys who have crossed the threshold of 45, I have seen some disturbing changes in the ol’ JAG. First of all, when I crawl into bed and grab my current read after an evening of sitting at the computer, I find it takes a minute or so for my eyes to focus. The other day, I rode my bike to the Post Office. When I finally made it up the hill back to my garage, I thought my heart was going to pound itself free from my rib cage. “Hmmm,” I wheezed, “This never happened before...must be getting older.” Well, this led to actually noticing the scale that occupies a space on the bathroom floor. I have had the scale for years—I think my folks gave it to me as a wedding present (they have never been too supportive of any of my marriages!). I don’t remember ever actually using it, but since I grew up with a scale in the bathroom, it seemed appropriate that I have one as well. I stepped onto it, confident that it would register at 145lbs—the weight that I knew was constant since I was a cross country running senior in high school. The dial spun past 145...way past. It finally settled at 168. Funny, when I first realized what was happening, I was quick to blame my failing eyes...that can’t be right. So I retrieved my glasses and stepped back on the scale. 168lbs. Deep in thought, I stumbled to the kitchen. Peering into the fridge, I asked myself, “How could this possibly have happened?” I demanded, “I have ALWAYS weighed 145lbs.” Settling onto the couch with a couple of popsicles, I decided I was going to get to the bottom of this quandary.
THE WEIGHT OF WORDS By the time I popped the wrapper on Popsicle number two, a light bulb popped in my brain—as I have grown older, I have found that I have had to eat a WHOLE LOT of my words. The most recent had just been this past weekend. Occasionally, my esteemed colleague and antique guru Harry Rinker calls to interview me for his syndicated radio program, “Whatcha Got?” I suspect that he schedules me when someone who really has something to say about the hobby of collecting suddenly cancels, but I have never asked. I just accept the compliment of being invited. During the Sunday morning interview a few weeks ago, I heard myself saying, “Some militaria can be a good commodity in these economic turbulent times (I was quite proud of how brilliant I sounded)” “But John,” Harry politely interjected, “The number one reason for buying any piece has to be that the person genuinely likes the item and has no expectation of investment potential.” Immediately, I tasted the bitterness of my own words. Not only have I preached for years that collectors are lousy investors (they LOVE to buy, but HATE to sell), I have written in three military price guides that I have authored: “Buy the items because you like them...don’t pretend that they are your ‘investment fund’”. Because I have spoken and written this idea many times, I am sure some of my weight gain has resulted from that Sunday morning serving of my own words. Digesting that heavy plate of humility should have been enough for a while, but the following weekend I went right back for another serving. A few months prior, I received an e-mail notice of a new military vehicle show that was going to take place in nearby Cape Girardeau. I marked my calendar. On the appointed Sunday, I drove to the park where the announcement indicated the gathering of old MVs would meet, and found no one. Confused, I checked the email on my Blackberry. I had the right place and the right time. Now I just got mad. How dare they send me a personal invitation and then not have anything show up for the show? I called my buddy and fellow editor, David Doyle to grouse about it. David has the class of a Southern plantation owner but I could detect just a glimmer of glee spiced with a dash of sarcasm when he served me the appetizer, “John, what does it say at the top of the calendar in your magazines?” I recognized the flavor of my own words, “ATTENTION! CONFIRM all information with show promoter before traveling. The time, dates, and/or location may have changed!” And finally, just yesterday, I recognized that I was eating my own words again as I typed a reply to a potential overseas author. After years and years professing that 35mm slides were the pinnacle of photography and anyone who really wanted to contribute images to be considered for the cover of the magazine or inclusion in the calendar should only submit slides, I typed something new. I explained that I no longer considered slides or prints for publication, but rather, only high-resolution digital images. I realize I was probably the last guy to admit that digital photography has overtaken all previous formats (though I still hold dear the belief that the daguerreotype is the only “true” mirror image of our world), but that doesn’t hide the fact that I have a whole buffet of words to eat. I used to be pretty adamant when it came to proper photo formats submitted for publication (I used the term “adamant” because I thought it might be easier to digest than “arrogant”).
Over the span of just two popsicles, I was able to recall three examples of recent word-eating. This had to be the cause of weight gain. But what to do? My dad has always had the same suggestion for anyone who blathers on about dieting. Perhaps I will finally consider his elderly wisdom: “Just keep your big mouth closed!”
Keep finding the good stuff, John Adams-Graf Editor, Military Trader and Military Vehicles
Wednesday, July 01, 2009 10:59:39 PM (GMT Daylight Time, UTC+01:00)
|
|
|