Buying in Multiples Creates Value

 “I’ll Take Them All”

This is a time when we treasure hunters should be taking advantage of the opportunities that come our way. While there aren’t a lot of large auctions during the winter, some do come along that can prove to be fertile fields for us.Our 31 Club Member, Cecil R., attended the sale where our group’s Harvey Joiner painting was sold, and he reported to me about a few little things he picked up. If all the members would follow Cecil’s example, I wouldn’t have enough hours in the day to share them all.

What has Cecil done this time? At Sohn’s auction in Evansville, Cecil found 62 Bronzes medals, made by the Medallic Art Company of New York. Three inches in diameter and weighing seven to nine ounces each, the medals were produced in 1967 in recognition of the Wright Brothers, Orville and Wilbur Wright and others. Perhaps aviation collectors might have an interest???? Medal collectors???

The medals first came up for bid at $3 apiece. The auction didn’t go very far, however, and Cecil said he would take them all for $5 each. Having no further interest, Cecil won them at that price. He spent $310 for the medals, then sat back and waited for the next bargain. Most people at that auction probably wondered what he was going to do with those things. Cecil knew exactly what he would do with them. Put them on Ebay!

The first one he sold brought $61.78. He has sixty-one more to go. The last time I checked one of his medals had a bid of $74.75 with seven bidders and eight hours left to go. He hasn’t finished selling them all yet, but it looks like they could average $40 apiece or about $2,480 total. You figure the profit and tell me if there are still things being sold that can make you smile. Nothing out there to be found? Says who? Cecil saw an opportunity where others just saw sixty-two hunks of metal.

There were probably six to eight hundred items sold at that auction, and Cecil bid on only a few of them. He also bought a Mettlach Beer Stein that he tripled his money on when he sold it on Ebay for $377.00.

I hope he’ll keep us posted on the rest of the items. I’m certain that if you figure them all out, he will have made at least $3,000 from that winter auction. I believe many of us would be satisfied with having made that.

How does he continue to find value in the items others pass up? I’ve written about some his finds on previous blogs, and in the near future, I hope he will join me at a 31 Club seminar so he can tell you himself. This I do know: Cecil spends his time wisely. If he’s got time to spare, he loves to keep up on his studies.

Have you looked in your local paper to see what auctions are listed this weekend? How about garage and estate sales? Do you have a list of second hand shops or consignment stores you visit regularly? Have you been telling all your friends and neighbors what you’re doing? If the answer to these questions is no, why not?

Lets learn and make money together. It’s much more fun if you are able to share your successes with others, and at the same time, have a place to share some of your mistakes with, so others can learn from yours. At the 31 Club, you’ll find encouragement from others who are truly wishing you the best. If you’re not a member yet, what are you wanting for? Join today!

Discover how the 31 Club, together with our book, can be the tool that helps you build more personal wealth dealing in the rare and valuable upper end markets, rather than the conventional methods of stock, bonds, and real estate investing. You won’t find these kind of results with your bank or your stock broker! Find out more about joining our growing community of antique and art wealth builders here.

Read more about The Million Dollar Challenge 31 Club members are participating in.

If you haven’t yet had a chance to see what we’ve got listed in the 31 Gallery & Marketplace, click on over and take a look. You might even find a real bargain. We’ve got many high quality items priced reasonably. If you have a high quality piece you’d like us to find a buyer for, why not consign your item to us. No high fees when you sell with us. Contact us here.

For 31 Club News Stories, click here.

Read about a cruet set purchased at a garage sale for $10 turned into $850,


Art Investment Returns 11 Times its Purchase Price – Harvey Joiner Painting

The auction in Evansville ended yesterday, and I was able to get some figures on how the 31 Gang’s pieces did. The Harvey Joiner portrait we bought for an incredibly low price made us 11 times our investment, however, even at that, it didn’t sell at what I thought it could. Whoever purchased it got themselves an excellent buy from a terrific artist. Now, with the auction behind us, as well as 2007, I’d like to offer a little background to our new members and Blog readers, as well as update the 31 staff’s investment goals for 2008.In June, 2007, our company released my book about building substantial wealth using the antiques, collectibles and art markets as investment vehicles. In 31 Steps to Your Millions in Antiques & Collectibles, we propose an investment strategy based upon proven financial principles. At that time, the staff and I decided to walk the talk. Using the principles I speak of in the book, we set up a bank account with $100. From there, we aimed to demonstrate to our readers, that this $100 could be grown into an account worth millions, over time, simply buying and selling antiques, collectibles and fine art. In mid-October, about 120 days later, we released a news story announcing a gain on our $100 of 5,000%. At that time, I stated our next goal would be to begin the new year with a 20,000% gain, or $20,000, all from that initial $100

Well, here we are, and while we did not meet the challenge of building $20,000 in six month’s time, we do show a gain of 7,500% — or $7,500 including a couple small items awaiting sale. So is the glass half full, or half empty?

Being the optimist I am, I see it as half full. When I first showed my plan to people, they said it was too good to be true. ”People don’t listen to get rich quick schemes,” is what I heard. But this isn’t a get rich scheme. And, I will let you be the judge after you study our figures.

Some might say that we didn’t achieve the goals we set for ourselves, however I say we exceeded it in a tremendous fashion. You see, if we had completed only the minimum required in our book, “31 Steps to Your Millions in Antiques and Collectibles” and fulfilled the suggested goals for six months, we would have been satisfied with $200 in six month’s time. Instead, we have $7,500. All from a single crisp one hundred dollar bill. I wonder how much I’d have earned in interest had I left this hundred dollars in my banker’s care — or even my broker’s care for that matter.

In the book, I suggest readers invest, at the very minimum, $100, and go through a buy/sell cycle every six months to build wealth. This is enough for you to grow substantial wealth if you stay on schedule while not altering how you live your life right now. Two cycles made each year, done according to the criteria stated in the book should result in a gain of 400% at the end of year one. Now, an account worth $400 might not seem like a stellar account to have, but when you keep up the pace, let’s say for five years, you’d have built an account worth at least $100,000. Just imagine what the figures look like when you continue building each successive year. How about, after 7 years of working this way, having an account worth over $1, 500,000? Why stop now when you might have over three million dollars, if you did it for just one more year?

We at the 31 Club did more buy/sell cycles than the minimum amount suggested in the book. We chose to put our efforts on turbo charge, and in doing so, after six months ended up with $7,500 rather than the $200 we’d have doing the minimum. If we could make 5 more buy/sell cycles in 2008, we could very possibly end up with an account worth $240,000 at the end of 2008. And naturally, we’ll continue to keep you posted on our progress.

Not resting on our laurels, we have already committed to the purchase of several paintings that we have estimated could very well triple our account in the next 90 days. Remember, the purpose of what we want to achieve can only happen if we continue to spend the money in our account. Any money that is sitting idle in the account for any period of time is really a dead weight on the progress that we wish to obtain. This doesn’t mean that we should use our money unwisely, but it does mean that you we should be on a constant hunt for items which meet our criteria. We’re also beginning to purchase more rare and valuable items. We don’t want to be spending our time trying to unload a bunch of common items that will create busy work for us. Listing small inexpensive items is not productive or profitable. Rare and more valuable items sell quickly and won’t tie up funds we’ll need to make our next purchases.

It’s my hope that others are going to soon wake up and realize that this is a new way of thinking and the 21st century way of working this market. Having “the millionaire mindset,” as Cindy would say. This story can be about you. But, like driving a car, until you turn the key and step on the accelerator, you won’t go anywhere. Joining 31 Club will be the key that turns on your car. If you already have the key, what’s keeping you from hitting the accelerator?

I am so sure that you can change your life with the program outlined in my book if you apply the principles. I will pledge myself to mentor your steps until you have completed your journey to success.

You might soon be hearing about the successes in the 31 Club, but by then, I hope you will have completed several steps of your own plan. The stage is set. Rev up your engines and hit the throttle.

This is personal wealth building for the 21st century at its finest.
Discover how our book can be the tool that helps you become financially free buying and selling antiques, collectibles and fine art the 21st century way.Be sure to visit our web site for more information about how you can join the 31 Club Wealth Building and start your own race to your millions! Read more about The Million Dollar Challenge.

If you haven’t yet had a chance to see what we’ve got listed in the
31 Gallery & Marketplace, click on over and take a look. You might even find a real bargain. We’ve got many high quality items priced reasonably. If you have a high quality piece you’d like us to find a buyer for, why not consign your item to us. No high fees when you sell with us. Contact us here.

Art & Antique Investment Pays off Big for 31 Club at Auction

Sunday, January 6, 2008

Daryle Lambert: Surprise News from Antiques, Collectibles & Fine Art Auction

Yesterday, I didn’t expect anything special but it didn’t turn out that way. You see, the big day I’ve been waiting for for is today, when the 31 Gang, which includes Cindy, Chris, Clarke and me, have a couple of pieces selling at the Sohn and Associates auction in Evansville, Indiana — the Harvey Joiner portrait and a water color painting. So what’s the big surprise all about?

Since I had to drive all the way to Evansville, Indiana to deliver these pieces for auction, I decided it would be wise to rummage through the house and take some of my personal items along. I gathered up twelve items I could easily part with, and in doing so, make room for more valuable items. Yesterday, our member, Cecil R, was in the audience at Sohn’s yesterday and surprised me with a phone call to tell me that two of my items sold at some really sweet prices. (I had no idea that these were selling yesterday.)
The Indian basket I bought for $100 in Chicago sold for $660, and the black on black Indian pot sold for $2,200. What great news this was! I am so glad no one offered me $200 in Chicago for that Indian basket, because today, they would be the one enjoying the glow I feel. I eagerly await sale results from today. Being in this business is truly like being on a treasure hunt. So often the results of your transactions will startle you.
Of the other items I’ll be waiting on for prices, one is a small painting by W.H. Hilliard. In the latest issue of Maine Antique Digest, two of his paintings sold for over $4,100 each. I only have a grand total of $100 invested in this piece. I also have a T.E. Francis consigned that I’m thinking should also bring in over $2,500. I have very little invested in this piece as well. I can hardly wait until the end of the day when I hear the sales news.
As I tell you time and time again, there are treasures just waiting to be found with your name on them! Are you out there looking yet? If not, why not?
On the items I brought to Sohn’s, I hope to receive over $12,000 on an investment of less than $2,500. The way I figure, I will have made $9,500. How many times a year do you have to make a trade like this to change your life??? I’ll let you be the judge of that. I will tell you this, however: If I had put that $2,500 in the bank, my interest over the last six months would have been $50. By investing that money in artwork and antiques, I’ll make a little over 375% on my money.
Are you beginning to really grasp this? There’s a choice here on where we invest our money. If we’re willing to alter our life just a bit, by learning more and more about antiques, art and collectibles, and locate some of these items, we can make so much more than we ever imagined. I don’t know about you, but I’m certainly willing to spend my time in study, rather than on numerous leisure activities, so I can recognize value when I see it and prosper from that knowledge.You have nothing to lose and everything to gain by being a member of the 31 Club. If you’re not one of us, what are you waiting for?

If your’re wanting to turbo charge your investment profits, antiques, collectibles, fine art can do it. The 31 Club is the venue smart money makers use to give them the nuts and bolts for successfully buying, selling and profiting, the 21st Century way. Click Here for a good read about the innovative 31 Club.

Take a look at our entire website, here.

Harvey Joiner – Surprise Vaue in Sleeper Paintings

Just because the art world is on fire doesn’t mean that every artist will have his work available for sale in the market. Why is this important to know?Let’s take Kentucky artist, Harvey Joiner for example. Though he was exceptionally skilled in portraiture, having painted the first five Indiana Governors and portraits of prominent people of the time, he became best known for his paintings of Cherokee Park in Louisville, Kentucky. He was born in 1852 and died 1932. His work wasn’t appreciated until the last few years, and not many of his paintings have changed hands throughout the art world . Most of his paintings have stayed within the families they were painted for. If they were purchased, they were handed down through the families.

Because his paintings very seldom come on the market, his sales prices in the art guides have stayed very low. In fact, over the last ten years, you can find very few listings and prices of his work sold. If you look him up in the ASK ART guide, you will find 15 listings, and only two of these listings are over ten years old, and most of them are within the last two years.

Because of this, the prices for his paintings are way behind the market. In ASK ART his highest listing is $4,000, but I personally know that some of his paintings have brought over $10,000 when sold through private transactions. Do you think this information gives you the advantage when you spot a Joiner, knowing that if a person researched it, they could only find a value of $4,000 or less?

When you are studying painters, check to see when their last painting came up for auction. This might just give you the clue that you’re searching for. If it has been quite a while since something has sold, you can take an educated guess that the value might have appreciated several times from that sale but not be shown by the guides.

What I find is that there seems to be works from a small group of painters the market continually sells over and over. In fact, as I check ASK ART, I often find the same painting has sold four or five times in the last ten years. The term “new to the market,” often tossed around by the auction houses, to me means that no one knows what the true value will be when the painting is sold.

Let’s look and see what we can learn from this. If you’re considering making an offer on a painting, and the artist hasn’t had a piece come to market for a while, take that as a plus, because more than likely it will be undervalued. Second, if it has been several years since the artist has had one of his paintings sold, you might find that they are selling at a huge premium in the private market compared to the values that are in the guides. An example of this is a Pauline Palmer painting sold privately by one of our 31 Club members for $120,000, yet the auction guides list Palmer’s highest price gained at an auction around $50,000. Third, your study and knowledge can come into play because most people simply look at the auction record guides, then offer half of what the guide states. You might offer more than the guide shows.

One of the greatest benefits to being a member of the 31 Club is that you’ll have access to all the information necessary to evaluate a painting. When you call us and e-mail the specifics of the piece, such as size, type of painting, artist’s name, photos of the front and back, perhaps some detail shots, and a shot of the signature, we can give you an estimated value. We can even purchase the painting with you if you choose.

The main reason I now spend 75% of my time in the art field is because that is were the big money can be found. Just check the auction records in the trade paper. You’ll see what I mean.

Have you taken out your subscriptions to the Maine Antique Digest, AntiqueWeek, and The Antique Trader? What are you waiting for? These are your guides to wealth. One poor or mediocre painting bought because you read an article in one of these papers can pay for all of them for the rest of your life.

Today’s Photo is a detail from a portrait by Harvey Joiner, currently up for auction at Sohn’s Auction House in Evansville, Indiana at this weekend’s auction, beginning Friday.

If you’re looking for the pathway to reach your goals with antiques, collectibles and fine art, the 31 Club can be the venue that will give you the nuts and bolts for successfully buying, selling and profiting in the 21st Century Marketplace. Join us today and rub shoulders with like-minded people.