The Pros and Cons of Buying and Selling Antiques

For quite a few people, the thought of shopping for a number of antiques and making an attempt to sell them on-line is an attractive one.

That could be pushed in some cases by a real interest in the subject and a need to pursue a enterprise in that domain but in others it will be more of an attempt to generate at the very least some additional income to help survival.

It looks easy

At face value, this is a really attractive option.

All you want to do, so the mythology goes, is pop alongside to your native Bric-a-Brac, second-hand shop or public public sale and purchase some old items for a comparatively small amount of money. You then sell them for an enormous profit to folks online and possibly abroad, all of whom just cannot wait to get their fingers in your items.

If only!

Unfortunately, it is anything however an easy route to fame and fortune. Let’s have a look at just a number of the issues that may stand in your way.

Competition

The first thing to recognise is this thought is hardly going to be revolutionary.

Plenty of people love raking around for bargains and the idea of selling them for a profit. A lot of the stuff you will be seeing for sale is, frankly, junk and when a few first rate items do come alongside you may be sure that competition for them will be fierce.

Typically that competition can get totally out of control and lead to prices being offered or asked for which might be totally unrealistic and which depart no room in any way for a re-sale profit margin.

In reality, many public auctions will trade on your very desperation and eagerness, plus that of other inexperienced sellers within the room, as a way to assist drive up their costs to wildly over-inflated levels.

Taxation

Upon getting sold your items, hopefully for a profit reasonably than a loss, anticipate to get some hefty tax bills as a result.

Area would not permit a full discussion of the tax issues right here but most unbiased observers will inform you, appropriately, that tax and associated prices can seriously eat into what you assume to be your profit margins.

Shipping

Some individuals start their antiques business and pick up some really lovely items of, say, furniture at reasonable prices.

They know that these will (or perhaps SHOULD) sell for considerably higher prices, then start to advertise accordingly. It is only at that stage a few of them discover, to their horror, that shipping bigger or heavier items around the world will be both phenomenally costly and desperately risky.

The price of packing, shipping and insurance, which you will have to pass on to your buyer unless you need to go bust, can find yourself making your item truly more expensive than a purchaser can find it locally.

Voila! You end up stuck with an item that’s effectively un-saleable.

So, must you surrender?

When you’ve got a dream, it’s always price going for it.

It’s also value bearing in mind that many on-line vintage operations are profitable with things corresponding to watches, clocks, jewellery, pottery, carpets, furniture and antique swords etc.

However, make positive you do not make the mistake of thinking this goes to be easy but instead do some in depth research on all points of running a enterprise, whether it is in antiques or every other sector, before you make a start.

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