WLS Radio Show - 2025-08-23 E07 - The Power of Provenance

Unlocking the Secrets of Successful Auctions: Insights from Randy and Mike Donley

Understanding the Auction World

In the first half of the episode, hosts Randy and Mike Donley discuss the purpose of their show: to educate listeners on the auction world and how to sell their items for top dollar. Randy shares an amusing story about a collector who was advised to avoid Donley's because their auctions fetch too much money. This highlights their effectiveness for sellers.

Mike explains the importance of his in-depth research process. He notes that uncovering an item's history, or provenance, can significantly increase its value. The hosts detail upcoming auctions and the specific types of items they are currently seeking. These range from gangster memorabilia and antique toys to classic guitars and unique coin-operated machines. They offer free, no-obligation appraisals and emphasize that you should never assume an item isn't valuable without checking first.

Upcoming Auctions

The hosts are seeking consignments for their September Guns & Military auction, their October Fall Classic auction, and a November auction featuring Native American and Cowboy memorabilia.

Items Wanted

They are actively looking for coin-operated machines, jukeboxes, pinball machines, antique architecture, vintage bars, Fender and Gibson guitars, antique toys, sporting memorabilia, and coins.

Top Dollar Success

A story is shared about a friend who advised another seller to go to a different auction house because Donley's prices get too high for bidders. This proves their ability to maximize returns for consignors.

Valuable Toys & Guitars

The hosts recount the recent sale of a single cast iron toy car for over $5,000. Additionally, a collection of musical instruments brought the seller a surprise check for over $15,000.

Gangster & Police Memorabilia

A discussion highlights the high value of gangster-era items, particularly those related to figures like Al Capone and John Dillinger, as well as vintage Chicago police badges.

Free Appraisals

The hosts stress that they offer free consultations and appraisals. They urge listeners not to throw away a potential "lottery ticket" by selling items without knowing their true value.

Contact Information

Listeners are encouraged to send photos for appraisal to consign@donleyauctions.com or call 815-923-7000.

Recapping the Summer Classic Auction

In the second segment, Randy and Mike Donley recap their highly successful Summer Classic auction. They note the large crowd of both in-person and online bidders. The hosts discuss several standout items that sold for impressive prices, demonstrating the strong market for unique collectibles. These include a rare two-way advertising mirror, a vintage Smokey Bear sign, and a mechanical bank that fetched $12,000.

The conversation reinforces Donley's ability to compete with major national auction houses, particularly in selling classic cars. They share stories of achieving prices for vehicles like a 1959 Cadillac that far exceeded the expectations of other experts. The hosts again remind listeners that many valuable items are often hidden away in basements and garages. They encourage anyone with military items, firearms, or vintage signs to get in touch for their upcoming themed auctions.

Auction Recap

The hosts celebrate the success of their recent Summer Classic auction, which featured a wide range of items from slot machines and cars to jewelry and antique advertising.

Brunswick Mirror

Mike's favorite piece was a rare 1920s Brunswick phonograph advertising mirror that contained a hidden image. This sold for $4,800.

Classic Car Sales

Randy highlights the sale of a 1963 Corvette and a 1969 Charger. He shares a story about selling a 1959 Cadillac for $110,000—well above what other auto experts predicted.

High-Priced Signs

A vintage Smokey Bear tin sign sold for $5,800, and a porcelain Chicago Motor Club neon sign sold for $13,300. This shows the strong demand for quality advertising.

Mechanical Bank

A "Girl Skipping Rope" mechanical bank sold for $12,000.

September Auction

The hosts remind listeners that their next auction in September will focus on Guns and Military relics, from the Civil War through the modern era.

Consignment Information

The show serves as a resource for those looking to sell single items or entire collections, with a specialization in liquidating estates. Listeners can find more information at DonleyAuctions.com.

Conclusion: The Value of Knowledge in Auctions

Understanding the auction world can be a game-changer for sellers. With the right information and guidance, you can unlock the true potential of your items. Don't underestimate the value of what you have. Whether it's a vintage toy or a classic car, the right auction can yield surprising returns.

For those interested in learning more about the auction process, the Donley brothers provide invaluable insights. Their expertise and dedication to their craft set them apart in the auction industry.

If you have items to sell or simply want to learn more, reach out to them today. You might just discover a hidden treasure in your own home.