Joan Rivers never kept it a secret that she loved luxurious things and was an avid collector of fine items. Following her death, other collectors have been eager to learn what items Rivers had collected during her lifetime.
According to Bloomberg in "The Surprising, Precious Antiques in Joan Rivers's Estate Sale," collectors will get their chance to bid on some of her collection as Christies is holding an estate sale for her estate. The total value of the items to be sold is estimated at $1.5 million.
Of most interest to collectors are some of the Faberge items Rivers had purchased over the years.
Estate sales are becoming more popular with the estates of people, in Cincinnati and elsewhere, from all walks of life, not just the rich and famous. They are a relatively easy way for estates to dispense of items that heirs either do not want, have no place for or need to sell for money. Rather than selling items themselves piece by piece, heirs can allow an auction company to handle everything for a percentage of the proceeds.
In fact, the estate sale industry is becoming so popular that people are not waiting for their estates to sell off their possessions. Many older people are contacting estate agents as they seek to transition to simpler living conditions or just get a lifetime's worth of clutter out of their homes.
Remember: “An ounce of prevention is worth a pound of cure.” When making your estate plans or when probating an estate or administering a trust, do not go it alone. Be sure to engage a Cincinnati estate planning attorney.
For more information about estate planning, probate or trust administration in Cincinnati (and throughout the rest of Southwest Ohio) and to review free resources regarding estate planning, probate or trust administration, visit my website. If you have questions regarding this article or a particular legal matter, feel free to contact me at 513-399-PLAN (7526).
Reference: Bloomberg (June 3, 2016) "The Surprising, Precious Antiques in Joan Rivers's Estate Sale"