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State Of The Antique & Collectables Market - 4th Quarter 2016
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<p>[QUOTE="Joe2007, post: 186264, member: 1262"]Hello Folks,</p><p><br /></p><p>Wanted to get your thoughts on the health of general antiques and collectables market. With baby boomers continuing to downsizing in large numbers creating a literal tsunami of antiques and used goods coming to market and with younger generations (millennials) not collecting for various reasons is there any hope to think that we have reached a bottom?</p><p><br /></p><p>Personally I'm not convinced that we have. Locally here in Ohio prices for items at auction have seen continued weakness in the past few months in my eyes and its getting to the levels where some items like older furniture and art pottery are very appealing at current prices. Junky box lots are cheap furniture are still selling fine but the middle levels of the antique and collectable market has just been gutted over the last decade or so with a lot of items selling at 33 to 50% of where they once were.</p><p><br /></p><p>New thrift stores are opening and doing fine but antique and collectable stores are moving online and generally closing their brick and mortar locations.</p><p><br /></p><p>Your Thoughts?</p><p><br /></p><p>Thanks,</p><p>Joe2007[/QUOTE]</p><p><br /></p>
[QUOTE="Joe2007, post: 186264, member: 1262"]Hello Folks, Wanted to get your thoughts on the health of general antiques and collectables market. With baby boomers continuing to downsizing in large numbers creating a literal tsunami of antiques and used goods coming to market and with younger generations (millennials) not collecting for various reasons is there any hope to think that we have reached a bottom? Personally I'm not convinced that we have. Locally here in Ohio prices for items at auction have seen continued weakness in the past few months in my eyes and its getting to the levels where some items like older furniture and art pottery are very appealing at current prices. Junky box lots are cheap furniture are still selling fine but the middle levels of the antique and collectable market has just been gutted over the last decade or so with a lot of items selling at 33 to 50% of where they once were. New thrift stores are opening and doing fine but antique and collectable stores are moving online and generally closing their brick and mortar locations. Your Thoughts? Thanks, Joe2007[/QUOTE]
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