Saturday, November 8, 2008
Stone Medallions (A building donation):
We were recently contacted by a ministry in Plano, Texas, that received a very unique noncash donation two years ago from a Dallas stone flooring company. They were given eight stone floor medallions. These medallions are found in very elegant homes that have large entryways and often will be the focal point of the entry of the home. To say the least, these are very difficult to sell and especially difficult to sell anywhere near their retail value. Each of these stone medallions is worth about $1,500 retail. After doing some research, I found a flooring company that specializes in stone and they agreed to consign these medallions. Because these medallions are very much custom and anyone who buys one will want to build a color scheme around them, Ebay won’t help on these. Only a retail showroom is the way prospective buyers will be able to not only see the medallion but touch it as well. I have learned not to get too proud of myself when I am able to liquidate a complicated inventory; as soon as I start to relax, something harder comes along.
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