The Pros and Cons of Buying and Selling Antiques

For quite a number of individuals, the concept of buying a couple of antiques and trying to sell them online is an attractive one.

That may be pushed in some cases by a genuine interest in the topic and a need to pursue a enterprise in that domain but in others it will be more of an try to generate not less than some additional income to assist survival.

It looks straightforward

At face worth, this is a very attractive option.

All it is advisable to do, so the mythology goes, is pop along to your local Bric-a-Brac, second-hand shop or public auction and purchase some old items for a relatively small amount of money. You then sell them for an unlimited profit to folks on-line and presumably abroad, all of whom just can’t wait to get their arms on your items.

If only!

Sadly, it is anything however a simple route to fame and fortune. Let’s have a look at just a few of the points that may stand in your way.

Competition

The primary thing to recognise is this concept is hardly going to be revolutionary.

Plenty of people love raking around for bargains and the concept of selling them for a profit. Much of the stuff you will be seeing on the market is, frankly, junk and when a couple of respectable items do come along you possibly can make sure that competition for them will be fierce.

Generally that competition can get fully uncontrolled and lead to costs being offered or asked for which can be totally unrealistic and which leave no room in any way for a re-sale profit margin.

The truth is, many public auctions will trade in your very desperation and eagerness, plus that of other inexperienced sellers in the room, in order to help drive up their costs to wildly over-inflated levels.

Taxation

Once you have sold your items, hopefully for a profit somewhat than a loss, anticipate to get some hefty tax bills as a result.

Area does not permit a full discussion of the tax points here but most unbiased observers will tell you, correctly, that tax and associated costs can critically eat into what you assume to be your profit margins.

Shipping

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

They know that these will (or maybe SHOULD) sell for considerably higher costs, then start to advertise accordingly. It’s only at that stage some of them discover, to their horror, that shipping bigger or heavier items around the world may be each phenomenally costly and desperately risky.

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

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

So, do you have to quit?

If you have a dream, it’s always value going for it.

It is also worth bearing in mind that many on-line vintage operations are successful with things akin to watches, clocks, jewellery, pottery, carpets, furniture and antique swords etc.

Nonetheless, make sure you don’t make the mistake of thinking this goes to be straightforward but instead do some intensive research on all aspects of running a business, whether it is in antiques or any other sector, before you make a start.

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