Antiques hold historical significance and value. For an object to be classified as an antique, it must be at least 100 years old. Antiques are of various kinds. These include furniture items, stamps, coins, currency, classic cars, decorative items, and maritime objects, etc. Additionally, antiques are also classified according to the geographical region of their origins, such as Asian antiques and Europeans antiques.
Antiques are set apart from vintage items based on their age. While both, the vintage and antique items are considered old, antiques are a lot older than vintage items. The value of an antique item is determined by factors such as its rarity, aesthetic appeal, condition, and historical value.
Antiques can be sold at a variety of shops. These include licensed antique dealers ad shops, pawnshops, consignment stores, and online market places such as eBay and Etsy. Additionally, many licensed antique dealers are registered with the international antiques traders’ association called CINOA.
Dealers who buy antiques from others resell them at a higher price in hopes of making a profit from the margin of difference. However, many new and aspiring antique dealers find it hard to search for collectibles and antique items to add them to their selling list, let alone deciding how to price them for reselling. Listed below are some of the smart places to find profitable antique items.
Estate sales are held by professionally registered organizations that help in the liquidation of a family’s assets. Usually families in dire need of money, either to pay off debts or to fund any other need go for estate sales. Estate sales are a grand affair and unlike other sales include valuables in saleable objects too. Estate sales sell items on a first-come, first-serve basis. They sell valuables at fixed prices; however, if someone does not wish to buy an object on the market price, they can always use the bidding option.
Dealers are encouraged to attend the first day of the estate sale. People who visit the spot are asked to form a line and allowed to visit the site one by one. Once an object spikes your interest, either get it marked as sold or visit estate sale on the second and third day when the price has been brought down.
Words of caution though; when buying antiques check their conditions with care because once purchased these items cannot be returned.
Flea Markets, unlike estate sales, are not really grand affairs and sell secondhand goods by the roadside usually. These are street markets with pre-loved goods which may or may not be in good condition. These markets get their name from the fact that they might be selling flea-infested goods, clothes, etc
Flea markets are one of the best spots to search for antiques and valuable items. They might also be priced really cheap because of their already used condition. All dealers must visit any flea market they come across and collect item which still holds resalable value.
Dealers who are looking for good antiques can always check out the live auctions being held across their vicinity. A good way to keep track of any auctions taking place includes checking out websites like liveautioneers.com. This will help dealers in staying updated about the on-going auctions and being present thereat their earliest. Consequently, getting to check the items listed for selling and taking advantage of being the early bird.
Garage Sales/Yard Sales
Yard sales or garage sales are popular neighborhood sales that take place across the streets. At times, these sales are advertised, at others they aren’t. As a good antique dealer, it might be wise to keep track of the advertised garage sales and look up antique products in them. These sales may or may not consist of antique items being sold at cheaper prices. However, it is a good idea to visit the sale and find things out for yourself.
Pawn Shops/Thrift Stores
Pawnshops and thrift stores are two different kinds of shops. Both of these may consist of antique items that people have either donated or traded for cash. Pawnshops provide loans to people in exchange for valuable items and thrift stores accept donated items. Both entities resale items and generate profit. However, pawnshop owners keep the profit for personal use and thrift store owners use to fund a charitable organization or not for profit events.
Just like all other events which include antiques in their agenda, antique shows are very important to watch out for. Since they deal particularly in exhibiting and selling antique objects at reasonable prices, dealers may make use of antique calendars and other tracking options to keep themselves informed about such events.
Last on the list are online shops. There are a whole lot of online shops selling antique items. These include eBay, Etsy, Craigslist, OfferUp, RubyLane, and ArtFire. While many antique dealers list their items on these websites to be sold, they are also a good place for other dealers to purchase and then resell again.
Buying antiques from online shops has its pros and cons. The benefits include hassle-free procedure but the cons really outweigh it. To begin with, first, off you have to pay the shipping fees and any other expense incurred in case you make a purchase. Secondly, there is no guarantee that the condition of the object as viewed by you online would remain intact. Thus, if after making a hefty purchase, you land with a damaged object with little or no resalable value, then it would be a bad deal.
Therefore, all other options where you can actually go to the live site and insect the antique items yourself are preferably better places to shop from. Additionally, when you physically make a purchase and transport the object yourself whether big or small, you will still save yourself some bucks on the packaging, shipping and other taxes involved in online shopping.