[NJARC] next friday meeting schedule (Mike Feher)

[Mike Feher]

Alex -

Well, I truly do not intend to give stuff away for a lot less than I paid
for them. You have no idea how many estates or individual pieces I have
purchased for tons of money to have what I have. I only mentioned NJARC
members as it seems they are the closest, and yet had the least showing this
time around. When you were here on June 30th of 2007, you found a lot of
items, all paper, and were spending Sarnoff's money, not your own. Now, that
a lot of the items have been damaged, the prices had gone down accordingly.
Last weekend a military radio collector was here from Delaware and left with
a large trailer full of great items. He also left a nice wad of cash behind.
I like to do things at my own pace and it is working well for me. I wish
when I was in my collecting prime I would have had a place like my house to
visit, as I surely would have cleaned a lot of it out, and gladly. That same
time frame when you were here, I was in a heavy selling mode, and had top
collectors from all over the country here, and several on more than one
occasion even from as far away as California. Some only spent about $10K to
$20K, but a few spent close to $50K, they went through the same sorting as
everyone else. So, I think you are the one out of touch as to what these
artifacts are worth, and how much I have invested in them. I do not really
have to justify the way I prefer to do things, but, this for me is working.
I still work full time so I do not have time to spend with people as I would
like, nor is there adequate room, hence the scheduling. So, I do not know if
your opinion is a consensus of NJARC members, or just a discussion with a
few bitter members, or simply that, your opinion. I also do not believe that
you are able to judge whether the overwhelming amount that I own is unique
or rare. I believe you are still too young and inexperienced as you yourself
are not a collector, but maybe just a want-to-be collector. Hey, I was young
once too, and could hardly afford anything. I will never forget the
beautiful Siemens Halske coherer receiver that I was offered for $300 in
1976. I was only 31 at the time, just bought my first house and had a wife
and babies. Where was I going to get $300? Today that receiver is easily
worth around $25K. One of the items I sold recently was a Telefunken E4
receiver, I sold it for $15K. Even about 6 years ago, a similar receiver at
auction brought $25K. Also, usually I ask for an offer, and lots of times I
let it go for less than what I was offered. Other times we negotiate and
come to common grounds. So, please save your comments till they mean
something and do not make me sound ridiculous in my pricing structure and
methods or the NJARC club membership on the whole cheap. Regards - Mike

Mike B. Feher, N4FS
89 Arnold Blvd.
Howell, NJ, 07731
732-886-5960


   

-----Original Message-----
From: njarc-bounces at mailman.qth.net [mailto:njarc-bounces at mailman.qth.net]
On Behalf Of Magoun, Alex
Sent: Friday, September 04, 2009 4:19 PM
To: NJARC
Subject: Re: [NJARC] next friday meeting schedule (Mike Feher)

Just remember 
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_________________________________________________________ 
Mike,

I'm going to go out on a limb and suggest why you've received so little
interest, based on my experience several years ago and on conversations with
other members.  The reality is that, for all of your talk, there are no
bargains in your house to add to our collections, much less flip at a
members' auction.  In fact, there are no prices.  If you really wanted to
empty your house of that immense quantity of tubes, publications, keys, and
everything else, you wouldn't ask such high prices and make such small
discounts.  I say this only because I can compare the experience to buying
from Ray Chase, the Simkins, Frank Bequaert, and others at the AWA or
Illinois meeting flea markets, as well dealers and sellers online.

Beyond your price, I pay in my time traveling and wading for a couple of
hours through 40+ years accumulation of unsorted and disorganized stuff.
Because you're not preparing your items for sale like dealers do, your
prices should be lower, not higher, than theirs.  The overwhelming amount of
what you own is not unique or even that rare.  If you're sincere in wanting
to make room in your home and making some money, consider separating out the
truly rare material, bringing in an estate dealer or someone to sort stuff
into lots, and setting prices for them.

Best,

Alex

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