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Services & Information

Pence Auction provides a wide variety of services. From appraisals to liquidation sales, we've got you covered!

 

Appraisal Services

Since 1982, Pence Estate Sales & Auctions has been preparing appraisals for antiques, jewelry, and fine arts. The knowledge used is based on hundreds of estate sales and auctions conducted over the years. It is a priority to stay attuned to the latest developments in the ever-changing market. Rick Pence's qualifications include being an associate of the International Society of Appraisers, and a member of Mid-Am Antique Appraisers Association. Expert appraisals have been prepared for many corporations, private collectors, fiduciaries, and government entities. His valuations are greatly respected among collectors and legal authorities. The appraisal services are convenient. It can be arranged to meet at a residence or other site to make a complete appraisal. Certain legal situations require a quick appraisal. This can be arranged so a report can be returned in only a few days.

Estate / Insurance Appraisal

Estate Appraisals are used for tax and family division purposes. The values reflect a fair market value. This is defined as a price that a willing buyer and a willing seller agree upon.

Insurance appraisals are used for insuring tangible personal property. The values reflect the cost of replacing the item.

 

Liquidation Services

Pence Auction have been serving the needs of fiduciaries for years in the disposition of large and small estates. A full range of estate services are offered, including estate sales and auctions. The ability to offer both types of sales is beneficial in determining the most conducive method of liquidating personal property. The experience of Rick Pence and his staff assist attorneys, accountants, and trust officers in obtaining the true market value for fine arts, antiquities, and complete households. The full service provided can ease the complex tasks of estate liquidations for both heirs and executors.

 

Estate Purchasing

An alternative to consignment of an estate is the outright purchase of the estate. In such a case, the items will be evaluated and a price mutually agreed upon between the parties.

 

 

Estate Sales

The estate sale method of liquidation is an effective way of disposing general antiquities and household items. The arrangement for an estate sale includes all preparation for the sale, extensive advertising, and the actual conducting of the sale. The personal property is offered for sale with every item individually priced. At the conclusion of the sale, an itemized accounting, along with proceeds, are provided to the executors or trustees.

 

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