NAICS Code 541350-02 - Estate Sales

Marketing Level - NAICS 8-Digit

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NAICS Code 541350-02 Description (8-Digit)

Estate sales is a type of industry that involves the liquidation of personal property, typically due to a major life event such as a death, divorce, or downsizing. Estate sales are often conducted by professional estate sale companies, who are hired to organize and manage the sale of the estate's belongings. The goal of an estate sale is to sell as many items as possible, often at a discounted price, in order to clear out the estate and generate revenue for the heirs or estate beneficiaries.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 541350 page

Tools

Tools commonly used in the Estate Sales industry for day-to-day tasks and operations.

  • Price tags and stickers
  • Display cases and tables
  • Cash registers and credit card machines
  • Advertising and marketing materials (e.g. flyers, signs, social media)
  • Security measures (e.g. cameras, security personnel)
  • Packing and moving supplies (e.g. boxes, tape, bubble wrap)
  • Appraisal tools (e.g. magnifying glass, measuring tape, scales)
  • Cleaning supplies (e.g. dust cloths, cleaning solution, brooms)
  • Lighting equipment (e.g. lamps, spotlights)
  • Music and sound equipment (e.g. speakers, iPods)

Industry Examples of Estate Sales

Common products and services typical of NAICS Code 541350-02, illustrating the main business activities and contributions to the market.

  • Estate liquidation
  • Downsizing sales
  • Moving sales
  • Divorce sales
  • Bankruptcy sales
  • Retirement community sales
  • Antique sales
  • Collectibles sales
  • Art sales
  • Jewelry sales

History

A concise historical narrative of NAICS Code 541350-02 covering global milestones and recent developments within the United States.

  • The Estate Sales industry has been around for centuries, with the first recorded estate sale taking place in the 1700s in England. These sales were typically held to dispose of the belongings of deceased individuals or to liquidate the assets of those who were moving away. In the United States, estate sales became popular in the 1960s and 1970s, as baby boomers began to inherit their parents' possessions and sought to downsize. Today, estate sales have evolved to include online auctions and are often used to sell the belongings of individuals who are downsizing, moving, or liquidating their assets for other reasons.