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Antiques and collectibles vs. the stock market

Have you notice that more people are feeling better about their personal situation? I have. Yes, the overall economy is still bleak but if you have a job you're feeling better. In my opinion, the stock market is finally ready to head up and that will prove great for us.

How does this equate to our business of antiques and collectibles? In my opinion, it is very favorable because spending is picking up. This can be seen by the increase in credit card use. I believe once again dealers will be able to ask fair prices for the items and have a reasonable chance of getting it. No longer should they have to feel that giving away your hard worked for inventory has to be priced at ridicule prices for them to sell.

Now is the time to focus on the best of what you're buying with the expectation of selling those items at prices we haven't seen for the last couple of years. Early Doulton figurines that are discontinued and Lladros will be coming back into favor and so will pottery by Grueby, Newcomb and Rookwood. Don't forget about paintings either, like the Harvey Joiner that just sold on eBay for almost $4000. Last year that same painting may have only brought $2500 and the seller would have been glad to get that price.

Our ranks have been depleted by the period of slow sales but that will prove to be great for us because there will be less competition for the items we wish to buy. Five years ago there was an antique dealer or at least it seemed there was for every buyer but with the slow down many of them have sought other employment.

If you are one of those that may not have made your fortune over the last couple of years dealing in antiques, collectibles and art, your time may be coming. I hope that you have used the slow times to acquire the knowledge needed to profit from the good times that are coming.

Last Updated (Friday, 09 September 2011 09:39)

 

That Camera can be your Newest Treasure

Often older items get thrown into the junk bin because they no longer are the newest and greatest thing, even though they still work perfectly. This happens to cameras as the digital age is upon us and perfectly good, or should I say great, cameras are discarded for inferior ones.

The true photographer is still looking for wonderful older models of the Leica and Nikon cameras to use but also collect. The desires of the purist can't be fulfilled in the new one touch cameras so older cameras can become true treasures

It is almost impossible to make a mistake purchasing cameras at garage sales because most of their owners have long forgotten how to use them or they are part of an inheritance that has to be discarded quickly. Josh, my son, purchased a Fujica AZ-1 for $2 and it had a very expensive lens to add to his bargain. This camera should sell for well over $100 so I would say that is a treasure, wouldn't you?

Often you will find lenses being sold separately and that may be where you can really clean up. Here is a short story that I experienced. I once purchased a camera for a friend for $500 and decided to add a couple of lens to the gift. The total for the two lenses was nearly $2000. Surprise, the lens were more expensive than the body of the camera.

Here is a suggestion when you find cameras being offered at garage sales. Always make a very low first offer because these items are considered worthless by most of the sellers. If there are several being offered, try to buy them as a group. Always include all the attachments in your offer.

Warner Smith and I purchased a large box camera once for about $700 and with all its attachments we received $7500 for it. This story is in my book “31 Steps to your Millions in Antiques and Collectibles.” and stories like this can be yours too so add cameras to your buying list.

 

Last Updated (Thursday, 08 September 2011 08:10)

 

Strange Coins


Don't ever try to figure out what is going to happen when you visit someone's home to give them estimates. What you went to buy may not be what you leave with, as happened to me yesterday.

I have been working with a wonderful lady and her daughter about some items they wished to sell. I fact I really wasn't interested in the items but the daughter goes to my church. After viewing several items such as a Victrola, some tools and a collection of ice skate blades, I suggested they do a sale at their house and let me help.

The woman excused herself for a few minutes and returned with a bag of coins. Looking through them and finding 8 silver dollars, I indicated that I would purchase them for $35 each. They were all well worn which meant that I was buying the silver. In the bag, however, were a few mixed coins that looked like foreign pieces.

When I got home and put the coins in flips, to my surprise two of the coins were commemorative. First was the Colombian Exposition and the second was the Pilgrim coin. Those two coins made my day, not because of their value but because I now have them in my collection.

I believe the lady was stunned when I wrote her a check for $300 but I was also a very happy camper. I believe this visit will produce many new clients for me in the future as the ladies tell the story about selling their coins for that amount of money. I have told you many times that the best advertising is word of mouth.

Josh made another purchase of a Fujica camera with a very expensive lens for $2 and this is his best purchase to date. I will be reporting on its sale soon. When are you going to share your purchases with the rest of us?

Last Updated (Wednesday, 07 September 2011 12:22)

 

New Generation

It is so great to be back blogging. I wondered after 2 months what I would write about on the first blog back but my son Josh gave me my answer.

  

It seems that about 2 weeks ago he decided that, after joining the Civil Air Patrol, he would like to collect items from CAP. I asked him how he was going to pay for the items and he got this strange look on his face like, "You're going to pay for them, right?" After I informed him he was going to have to earn the money, he walked off. The very next morning he woke me and said "Dad, let's go garage saleing so I can make some money. Since it was 5 in the morning I have to admit that caught me off guard but after I cleared my head off we went.

  

Josh went to his piggy bank and took out $420 that he had saved and I could tell this was hard for him to do. We drove around stopping at every sale we could find but the pickings were slim. I will list our purchases that totaled $48.00 for the first week and over the next weeks I will share with you the success or failure that Josh accomplishes. Here are his first purchases: vintage Polaroid camera $4.00, Two toy cars $1.00, Beanie baby $1.00, woman's purse $3.00, Light box $5.00, World Poker Tour Poker Chip Set $12.00, 4 Watches $14.00, Furby still in the original box $3.00 and 2 joysticks for the computer $5.00. This made his grand total $48.00 for his first purchases.

  

So far his total return is $20.00 for the Furby and $6.00 for the Joystick. I will be posting his other sales over the next weeks. It looks as if he is off to a great start on his “31 Steps” but we will have to track him for awhile to see how he does.

  

Working with Josh has reinvigorated me and I hope it will some of you as well. I am still looking to our members for ideas for future blogs.

 

 

 

 

 

 

 

 

 

 

Last Updated (Tuesday, 06 September 2011 12:24)

 

New Start

Great News

The Blogs will begin anew on Sept 6th.

Please let us know if you have any items that you would like blogs on?

God Bless

Daryle

Last Updated (Wednesday, 31 August 2011 11:09)

 
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