How much the wife knows about your collection

[raulus]

She has a vague idea. If she asks, which isn’t often, I usually couch things in ranges, and explain that it’s all highly speculative in terms of the actual value, because you never really know until you actually sell.

Of course, I also keep a monthly balance sheet, and it’s right on there, although at a relatively conservative valuation. Part of keeping her up to date on our financial situation includes quarterly reviews of the balance sheet. Every time the number goes up for the collection, she inquires about the source of the increase - whether it’s from new acquisitions or appreciation in existing stuff. My guess is that she remembers that data point for about 30 seconds.

She can also never remember how much I make. So priorities, I guess.

[ValKehl]

Fred, IMHO, just as important as giving your wife/family detailed infor re your collection, is giving your wife/family the contact info for whomever (auction house, collector friend, etc.) you would want her/them to turn to to handle the disposition of your collection in the event you pass suddenly and unexpectedly.

[Casey2296]

My ex-wife knows nothing about my collection, my dog and girlfriend are ambivalent at best. My kids are fascinated when I show them a rare baseball card and explain it's history, we're all baseball fans after all (Go Giants!). They will definitely be in for a shock when I crossover (no TPG pun intended) and with my spreadsheet in hand send it all to Crisafulli's kid to auction off. I can only hope they use the money in a way that gives them as much spiritual/emotional enjoyment as I had putting it together.

[Rhotchkiss]

My wife knows, at least generally.

[Casey2296]

Originally Posted by Rhotchkiss

My wife knows, at least generally.

Haha! I'm thinking she's a stockholder that ignores those annoying shareholder meeting emails.

[calvindog]

Originally Posted by Rhotchkiss

My wife knows, at least generally.

Very lawyerly answer. Vague. Plausible deniability. Well done. LOL

[theshowandme]

Originally Posted by Rhotchkiss

My wife knows, at least generally.

I will never forget meeting you and your wife.

It was at the meetup in Virginia earlier this year.

Your wife said, “we left the good stuff at home”

LOL

[Centauri]

Originally Posted by Rhotchkiss

My wife knows, at least generally.

I guess infinity is very much generally.

[alywa]

Originally Posted by Rhotchkiss

My wife knows, at least generally.

That is the first time I've hit your link / viewed your collection. I gotta say, Wow! Best collection I've ever seen. Truly museum worthy.

[alywa]

I'm divorced, really starting heavily collecting during the divorce and afterwards. My current girlfriend knows the collection is significant, though doesn't know an exact dollar amount. I don't either, to be honest.

[Jewish-collector]

Fred - Is it worth this amount ? In any case, do make sure some family member knows in case you pass suddenly.

https://memorylaneinc.com/smr21-newm...s-release.html

[JimC]

Originally Posted by ValKehl

Fred, IMHO, just as important as giving your wife/family detailed infor re your collection, is giving your wife/family the contact info for whomever (auction house, collector friend, etc.) you would want her/them to turn to to handle the disposition of your collection in the event you pass suddenly and unexpectedly.

+1

[DHogan]

My wife didn't know the value of my collection. I offered to sell it all to pay for her medical bills. Even though it wasn't worth a great deal. She said not to because I liked having it. She was a great woman.