As an appraiser, I am painfully aware of the fluctuations of the market place.
In 1980 I wrote my first book “The Market Place Guide to Oak Furniture” which was very successful. With this book and the following ones, I put out price guides for each piece of furniture in 1980, 1985, 1997.
For my initial valuations, I took slide shows back to Toronto and copious amounts of notes. In the areas I originally visited, I gave each dealer 30 seconds to come up with a value of their piece of furniture I had just recorded and taken photos of for possible placement in the book. The consistency of the answers I received was quite astounding. The dealers were quite unanimous in their opinions, and I wrote down their answers. Sometimes I found there were anomalies. I discounted those areas and disagreed with the others. Much was gathered and values became quite consistent.
In 2008 the stock market crashed to everyone’s surprise along with the antiques and collectibles market. The market has gradually returned slightly but after the crash there are other demographic groups that have come into play. Minimalists and Millennials – neither have adopted antiques – recycling yes, but not antiques and collectibles. Ikea has done a brilliant job on these people.
There has been a slowdown in the antiques marketplace. Those Baby Boomers – who we love and trust – have no more room in their homes, and are beginning to downsize – move to smaller quarters – their children? – well, they are inheriting an awful lot of ‘stuff’ and they have their own ‘stuff’ – and perhaps they are not up-to-date on values of this new ‘stuff’ nor perhaps do they really appreciate this ‘stuff’ nor want to.
If you are considering downsizing, what to do with everything – that is what we do. Come in and help, give suggestions, research on today’s values, take plenty of photos, write reports, give verbal opinions – what is rubbish – beyond Salvation Army.
Discuss with your children what your ‘stuff’ is all about. What it means? Family connection? Made by a family member? Dates. Write it down. Teach your children today. Help them appreciate what you have. We can write reports for your children along with yourself – make sure the facts are correct! And this is a wonderful way to connect closer to your family.
Downsizing today has become the normal.
Today, buying antiques and collectibles has become a very good deal!! Check out your local auction houses, antiques stores, ask the dealers why prices are where they are! And the thrift stores – bargains galore – but knowledge of all is utmost important – not eBay knowledge – real life knowledge.