Showing posts with label sale. Show all posts
Showing posts with label sale. Show all posts

Wednesday, May 27, 2020

The Snob Appeal of Antiques




QUESTION: I’ve been buying most of my antiques at flea markets and in shops. The dealers are usually very nice and helpful. But when I’ve gone to antique shows, especially higher-end ones sponsored by one charity or another, I find the dealers helpful but the showgoers off-putting. Why is that? What makes some of them think that I shouldn’t be there just because of my appearance?

ANSWER: Antiques have a long history of appealing to the wealthier set, especially those high-end antiques produced before 1830—what many call “authentic”antiques. In 1930, the U.S. Congress formulated a law which stipulated that all antiques had to be 100 years old or older. So at the time, 100 years old meant 1830, the date selected because of its relevance to the start of the Industrial Age.

When the law passed, the country was in the midst of the Great Depression, so only the very wealthy could afford antiques. It had been that way for well over a century. But after World War II, prosperity came to more people. By the 1960s, the wealthy were still purchasing and collecting those “authentic” antiques, but another type of antique came on the market—the furniture and accessories belonging to the Victorians. And since these were 100 years old, they certainly were antique according to the law, but antique experts and the wealthy didn’t consider them “real” antiques.

The snobbery towards antiques and antique collecting continued as unknowing novices followed articles in “American Home” magazine and bought not-so-good-looking pieces of Victorian and early 20th century furniture at flea markets and used furniture stores, stripped them down, and painted them with “antiquing” paints. Oh the horrors!

As the decades of the latter half of the 20th century continued, more and more old objects came on the market through yard and garage sales and flea markets. Now everyone with a little extra cash and a little knowledge of antiques and collectibles could get in on the act.

The wealthy who frequented the high-end shows stayed right where they were, but now some of those not-so-wealthy collectors began to go to the them for the hefty price of a ticket. Most didn’t buy anything, but they learned a lot. Unfortunately, the wine-glass toting buying patron of these shows still looked down their noses at the newbees.

There are generally three types of antique shows out there---the friendly firehouse or school show, the more elegant hotel show, and the high-end show.

You’ll find the first of these, the friendly firehouse or school show, held in a local fire company hall or the all-purpose room of an elementary school once or twice a year. Here, you’ll find lots of affordable antiques and collectibles. Prices range from as low as a few dollars up to perhaps three figures. Dealers, mostly from the surrounding region, tend to sell only at shows or out of their homes.

The more elegant hotel show comes around usually once a year and features finer items. Tables often display a myriad of small objects—Japanese Imari porcelains, Wedgewood, fine English majolica, and Staffordshire ware, along with small pieces of furniture, trunks, stained glass lamps, and so on. Dealers tend to come from a wider area, including surrounding states while prices range from two to four digits, with finer items selling for several thousand dollars.

High-end shows are extravagant affairs, both in goods and prices, and feature dealers from all over the country. For some patrons of these shows, nothing says they’ve made it better than bragging about how much they’ve spent on an antique, whether it be a piece of fine 18th-century furniture or a diamond necklace that once belonged to a princess. Patrons at these shows often think nothing of whipping out their checkbooks and writing checks for $30,000 to $40,000 for an Empire sofa or as much as a quarter million for an 18th-century Philadelphia secretary in the Chippendale style.



Many of these shows are vetted, which means the promoters guarantee everything sold there as authentic. Where’s the fun in that? Part of the thrill of the antique hunt is being able to tell for yourself if a piece is real or not by the knowledge you’ve amassed about it beforehand, especially when the dealer doesn’t have a clue. But when someone pays six figures for a piece of furniture, they damn well want to know it’s the real McCoy.

Collecting antiques and collectibles is for everyone—young, old, and in-between. There’s something out there for those in every economy level. Let the snobs look down on you in your jeans and trendy T-shirt. How do they know you didn’t just inherit a cool million from daddy.

To read more articles on antiques, please visit the Antiques Articles section of my Web site.  And to stay up to the minute on antiques and collectibles, please join the over 30,000 readers by following my free online magazine, #TheAntiquesAlmanac. Learn more about  La Belle Epoque in the 2020 Spring Edition, online now. And to read daily posts about unique objects from the past and their histories, like the #Antiques and More Collection on Facebook.

Wednesday, August 28, 2019

So You Want to Sell Antiques




QUESTION: I love antiques and have been collecting them for over 25 years and have so many things that my house is bursting at the seams. I’m ready to retire and have been thinking about opening my own antiques shop. Is this a good idea?

ANSWER: Lots of people dream about going into business for themselves. For some, it seems like a way out of the corporate rat race. For others, something to do in retirement. And while an antique shop may seem like an uncomplicated, quiet business to get into, it’s far from it. Remember, first and foremost, selling antiques is a business—with the emphasis on selling.

Many people think because they’ve been buying up a storm at yard sales and flea markets that they can turn around and sell what they’ve bought. Sure, you can put some items up on eBay to sell, but to be successful at selling on eBay, you first have to know what people are buying. Salesmanship is a skill that needs to be learned. And loving antiques has nothing to do with it. In fact, the worst reason to open an antique shop is that you love antiques and have been collecting them for years.

Most people come to consider opening their own antique shop by chance rather than on purpose. More often than not, their road to becoming their own boss begins at local yard or garage sales where they buy items that they like for their home. Eventually, they find themselves buying similar items and eventually begin a collection. This collection leads to exposure to other items which leads to another collection and, soon, another. By now their house is so full that in order to continue collecting, they must resort to selling some of the pieces that perhaps aren’t as good at their own yard or garage sale.

While yard and garage sales are where many antiques and collectibles enter the market, prices can be limited here because buyers are looking for bargains. So ambitious wannabee dealers seek out flea markets where they cannot only sell their items for higher prices but are also exposed to collectors seeking those items. Thus, begins the route to becoming an antiques dealer.

Unfortunately, that isn’t the best route, and it’s why most new dealers fail in their first year or two. While they may get a better feel for what to buy for their collections, they don’t learn to buy salable items—ones that their customers won’t be able to resist.

Many dealers begin by selling antiques part-time. Some of them use this as a sideline business to supplement their regular job. Others see it as a profitable hobby, a way to have the fun of working with antiques and make a little money on the side. A few dealers started out buying and selling antiques simply because their own collections became too large.

To have a successful antiques business, whether selling in a shop, at shows, flea markets, or online, you need to know what people want to buy and then buy those items. What usually happens is that the items people want to buy aren’t the ones they, as dealers, personally like to buy, so they avoid them. For instance, today, the trend is towards collecting items from the 1930s and 1940s. The wannabee dealer, however, likes Victorian antiques and can’t stand Art Deco.

Remember, selling antiques is a business. That means keeping records, learning how to display things so they sell, and developing a network of sources to buy new inventory. The IRS doesn’t look kindly on people who just play around.

For those who really wants to sell antiques, it’s best to start small. Renting a space at a small flea market is informal enough to provide exposure to customers, yet simple enough that prices remain reasonable. A table and a few boxes of items will go a long way. After selling at several of these small sales, often at church festivals or community days, the novice antiques dealer can move up to larger flea markets. If still successful, then the next step is to perhaps inquire about selling at an antiques coop. Here, a dealer rents a space in an indoor antiques mall and shares the duties of staffing the mall.



What many dealer wannabees don’t understand is that it’s vitally important to rotate their inventory. Antiquers tend to go back to the same flea markets or antique malls over and over. If they see the same items for sale each time they go, they’ll just walk right on by. The trick is to rearrange the items on sale and exchange some for new ones. By rotating items in and out of display, it looks like the dealer has more for sale.

Before attempting to open an antiques shop, a dealer needs to have been in the business for some time. As a shop owner, there are many more responsibilities, as well as higher rent to pay. So it’s imperative that he or she understand the business, have good contacts, and a ready market for their antiques.



The best way to develop an understanding of this business is to talk to dealers. Many will be willing to share their knowledge and expertise of the business.

To read more articles on antiques, please visit the Antiques Article section of my Web site.  And to stay up to the minute on antiques and collectibles, please join the other 18,000 readers by following my free online magazine, #TheAntiquesAlmanac. Learn more about western antiques in the special 2019 Spring Edition, "Down to the Sea in Ships," online now. And to read daily posts about unique objects from the past and their histories, like the #Antiques & More Collection on Facebook.

Thursday, April 4, 2019

One Person's Trash is Another's Treasure





QUESTION: I’m new to garage and yard saling. Last year, I went out every Saturday but all I came home with was junk. I collect a number of things and am always looking for additions to my collections. Can you give me some tips on how to make my bargain hunting trips more successful?

ANSWER: It’s Spring time and along with the flowers blooming are the yard and garage sales that seem to pop up everywhere. Fifty years ago—yes, that’s how long they’ve been going on—there weren’t that many and people had lots of interesting things to sell. But today competition is fierce, not only from other garage and yard sales but from eBay and other online sales sites. So what’s the secret?

While garage and estate sales are great venues for bargain hunters, there are sometimes way too many bargain hunters for the number of bargains out there. It used to be—and generally still is—that the contents sold at garage sales represent items the seller has outgrown physically and/or emotionally. On the other hand , the articles offered in estate and moving sales typically reflect an array of accumulated household goods spanning one to three generations. Both of these types of sales have become American institutions.

Whether you’re an antiques collector or just like decorative arts, collectibles, books or toys, chances are you’ll find something in these sales that fits your fancy.

To be a successful bargain hunter requires organization and planning. Those who just hop in their cars and head for the nearest neighborhood sale are likely to be disappointed. But the experienced garage saler is another animal altogether. If you’re looking for items to add to your collections, make a want list before you go so that you can spot an item you want when you get there.



This will help you stay focused in your pursuit of bargains. It’s way too easy to get sidetracked when encountering unexpected bargains at sales. Before you know it, you’ll have spent all the money you brought along. Remember, garage and estate sales don’t take credit cards.  Prioritize your stops according to your interests. If you’re after antiques and collectibles, go through the Garage Sale ads in the classifieds or look at yard sale and neighborhood sites on the Internet. Highlight those sales that emphasize antiques and collectibles. Garage and estate sales in established or older neighborhoods usually offer the best selection of these items while those in newer developments offer contemporary items like clothing, cheap furniture, and kids’ toys.

When setting up your schedule, decide if you’re making a full day of it. If so, plan accordingly. Pack up your vehicle the night before with equipment to make your bargain hunting easier. Besides a measuring tape, veteran garage salers take along the classifieds ads relevant to the day's tour, a map, magnifying glass, snacks, a variety of fresh batteries, packing materials, boxes, and a sufficient amount of cash in small bills. Check the weather forecast and oordinate your attire around it. Wear comfortable shoes and layered clothing, especially if the weather forecast is uncertain. Also carry a   transparent shopping bag—it prevents anyone from accusing you of stealing—and a fanny pack. The lesser amount of gear and clothing accessories you have to deal with, the easier it will be to shop.

Most sales start between 8 and 9 A.M., although some begin as early as 7 A.M. Although the early bird catches the best bargains, don’t show up at a sale way before the start time and pester the seller. An old trick is to tell the seller a story about your sick aunt and how you have to get home to take care of her or some such fiction. This or similar ploys are usually used by pickers who want to get the “pick” of the goods. Another trick is when they show up early as the seller is setting up and distract the seller by constant questions, hoping that the seller will give in and sell them something—anything to get rid of them. The larger the sale and more important the sale's items, the larger the number of buyers and the earlier the attendees will arrive.

As soon as you arrive at a sale, take a quick overview of it and decide where you want to head. Don't be timid as far as asking where particular items are located if you can't find them. The sooner you get to the items you want, the quicker you can claim them.



Generally, all sales are final. Therefore, always inspect your goods carefully before you purchase. Concentrate on items in good, complete and working condition. If the article is electrical, ask to plug it in at an available outlet so you know it works. Battery- operated items lacking batteries can be tested by those that you have brought along.

Shoppers like bargains and often want to barter. Sometimes, this works, especially at garage sales. If you think an item is too expensive, it doesn’t hurt to propose a lower price or ask what the seller’s best price might be.




Another option in finding bargains is to return on the second day of the sale, if it’s a two-day affair. Usually sellers will reduce the prices so that they can get rid of their items. Of course, you risk the possibility your treasure may have already been bought by someone else. Leaving a reasonable offer with your name and phone number is another way if you feel the object's price is beyond your means. It gives the seller an alternative if the piece hasn’t sold by the end of the sale.

When buying furniture, appliances and/or other bulky items, try to arrange for a timely, later pickup convenient with the seller. Always retain a receipt that identifies you as the new owner and present this information on your return. If you can fit in some of the piece's components, take them the day of the sale, as this will ultimately lighten your final load and prevent the seller from selling your purchase to someone else—believe it or not, this happens. And when you go to pick up your purchase, don’t’ rely on tools or manpower on the part of the seller. It’s up to you to provide both the proper gear and muscle called for.

In the end, chances are when you unpack the treasures from your day's hunt, you’ll discover you not only saved some money, but you also made some outstanding purchases. After all, one person’s trash is another person’s treasure.

To read more articles on antiques, please visit the Antiques Article section of my Web site.  And to stay up to the minute on antiques and collectibles, please join the other 18,000 readers by following my free online magazine, #TheAntiquesAlmanac. Learn more about western antiques in the special 2019 Winter Edition, "The Old West," online now. And to read daily posts about unique objects from the past and their histories, like the #Antiques & More Collection on Facebook. 

Monday, February 27, 2017

Getting an Appraisal



QUESTION:  I have inherited a tall case clock and am looking for some guidance. The clock is said to be at least from the time of the Revolutionary War. There’s a slit in the back that I’m told is from a soldier putting a sword through. I’m trying to get a value for shipping and also for fairness for other family members in the event it’s really valuable. Can you help me?

ANSWER: Contrary to popular opinion, not just anyone can valuate an antique or collectible. Asking someone how much an object is worth is like asking if it will rain tomorrow. The only way to know what an antique, especially a potentially valuable one such as this clock, is worth is by having it “appraised” by a professional appraiser. And only a professional appraisal is legally binding when it comes to insurance claims or inheritances.

Exactly what is an appraisal? An appraisal is the paid opinion of an expert on the value of an object based on known facts. In the case of antiques and collectibles, known facts include records from more than one sale at more than one auction, the latest published price guides, and personal experience gained from buying and selling similar items many years.

While a verbal appraisal may offer an indication of how much an item is worth, a professional written one is the only one legally recognized by insurance companies and the courts. It must be based on fact and able to stand challenges in court. However, written appraisals, even for one item, can take hours to prepare and are expensive, but are absolutely necessary to prove an item’s worth.

A verbal appraisal, on the other hand, is an informal one. Usually, the person giving the appraisal spends no time researching auction records and price guides. Therefore, a verbal appraisal is an opinion based on first hand knowledge.

Formal appraisals fall into two categories—replacement and fair market value. Insurance companies require the former, while estate valuations require the latter.

Replacement value is generally defined as the price at which an object would be available on the retail market. In other words, what an antique dealer would charge for a particular item.

When you try to insure a collection, the insurance company wants to know how much it will cost to replace it. The same applies for a single piece of furniture. The insurance company won’t accept a verbal appraisal as the basis of settling a claim. Instead, they require a written appraisal with proof of replacement cost.

Fair market value, on the other hand, is best described as "the price that property would sell for on the open market between a willing buyer and willing seller, with neither being required to act, and both parties having reasonable knowledge of the reasonable knowledge of the relevant facts.

But whatever the appraised value, an object will bring only a percentage of its replacement value when offered for sale—generally between 40 and 60 percent below replacement cost. Items that sell extremely slow will sell for only about 30 percent of replacement value, while those that sell fast may bring 80 to 90 percent of replacement value.

With so many auction sites online these days, it’s easy to pull one up and do a search for a particular antique or collectible to see what it may be selling for. Most people use eBay. Unfortunately, the amounts listed on eBay may not reflect an object’s true value. If the object is listed on an auction site, then, as with live auctions, the price could go way above the object’s current value due to competition between bidders. If someone really wants an antique or collectible, they may stop at no amount of money to obtain it.

Too many homeowners use this as an easy way to price items in a yard or garage sale. Flea marketers do the same. This is why so many items that are actually worth much less are selling for higher prices today at these venues.

Prices of objects at antique shows usually sell for the amount of their value or a little less. However, some sell for what the dealer perceives to be the value of the object. High-end dealers selling objects for four to six figures do their research and know their market. Those selling at middle-market shows, sometimes do research about an item, but, more often than not, just guess at an item’s value and price it for what they think the market will bear.

To find a professional antiques appraiser near you, contact the International Society of Appraisers

For more information, read my article on appraisals in The Antiques Almanac.


Monday, February 20, 2017

Selling Your Antiques and Collectibles



QUESTION:  I was a Hess dealer from 1969 to 1982, station Numbers 30293 and 30298 in Maple Shade and Millville, New Jersey. I clamped the Hess Toy Truck gasoline tanker display  to the top of the oil rack on the gas island. Hess Oil issued one of these for each island oil rack. Have you ever seen one of these? The Hess Training Vans came packaged six trucks to a box and four boxes to a master carton. Only one of these have been out of the box to take photos. Notice  the sharp corners on the boxes that are still green and not white and end flaps are still flat and not rolled. I’d like to sell these items but don’t know how or where. Can you help me?

ANSWER: People ask about selling Hess Toy Trucks all the time.  Unfortunately, the market for them is flat, so sales are sort of in the dumps at present. However, there are other ways to unload your antiques and collectibles. Have you ever considered crossover sales?

Most people associate the word “crossover” with SUVs. But in fact many antiques and collectibles can also be crossovers—they have collector appeal in more than one field or category. For example, an early 20th-century calendar showing bicyclists attracts not only ephemera collectors, but also antique bicycle enthusiasts.

This person has some really unique pieces which although they may not appeal to the typical collector of Hess Toy Trucks—except for the trucks, themselves—they may appeal to a wider market of both advertising and gasoline memorabilia collectors, especially since Hess Oil sold off its gas stations last year. The display cases are particularly interesting. Also, anything bearing the company logo will sell.

In order to get the most for whatever type of antique or collectible you have, you must look at this from a broader perspective and begin to see the crossover possibilities. First, you have the people who collect the trucks, themselves. Then you have those who collect toy trucks, Third, you have those who collect Hess memorabilia, and fourth those who collect gas station memorabilia. Most people only think of the collectors of the items they have. You have to think beyond them.

Second, you have to plan to sell to a targeted audience. Let’s look at some of the right and wrong possibilities.

The first marketing level, the yard or garage sale, depends on people who impulse buy. The regulars make the rounds each Saturday, hoping to find some items that interest them. Sure, there may be some collectors in the group, but the chances of a collector of a particular type of antique or collectible finding an item they collect is a million to one shot.

The second marketing level, the flea market, depends on a similar group of people. However, this group includes more collectors, who browse flea markets looking for items to add to their collection. It’s always hit or miss. A collector never knows what he or she will find on a given day.

The third marketing level is the antiques or collectibles dealer. Most people don’t realize that when selling to a dealer, they’ll only get half or less of what their items are worth. Here, the number of collectors is higher than previously, but the monetary returns are low.

Computer technology and the Internet have dramatically changed how people sell things. For the most part, the audience is made up of mostly collectors—people who are searching for specific items to add to their collections. It’s so much easier to sit at a computer and search for a specific item than it is to go out hunting for it. Plus it saves on gas.

When eBay began, it was the only game in town. And in this case, “game” was the right word. People went on eBay to play the “bidding” game before sophisticated video games began to take up their time. They would bid on items for which they had only a marginal interest, bidding them up to see if they could “win” the item in the last second. This caused the prices of antiques and collectibles to rise substantially beyond their actual value.

But now eBay is just one of many online sales venues. In fact, bidding plays only a small part in eBay sales as more and more buyers prefer the “Buy It Now” option.

To successfully sell online, divide up what you have and sell individual pieces. This applies especially to items like Hess Toy Trucks. Some people have been collecting them for years and want to sell their entire collection to one person. Although that’s the easy way out, they’ll make a lot more money selling everything a la carte.

Before attempting to sell any antique or collectible online, see what others like it are selling for, then either match or offer a slightly lower price. Offer the item in several categories, maximizing its crossover potential. It’s all about competition—and there’s loads of it online today. Lastly, be patient. It may take a while for the right buyer to come along.