Saturday, May 24, 2008
Antiques & Collectibles Road Trip Means Fun and Profit
Going to my grandsons’ college graduation party in Kentucky this weekend won’t stop me from hitting all the antique malls or shops along the way. It might take me a little bit longer to get to the party, but I’ll sure have fun along the way. I’ll be making this trip alone, so stopping won’t be an issue brought up for vote. I love it! Wouldn’t it be something if I found a treasure even before I arrived in Kentucky?
Antiques Out of Place for the Region Can Prove to Be Very Well Priced.
So what will I be looking for? Something out of place, of course. Paintings are first on my list. Unless they are regional and from the area, paintings don’t do to well in this area of the country. Maybe I’ll find a California or New York Painting at a bargain price. Pottery? Well, the Mid-West is pottery heaven so I’m not pinning my hopes on a great piece of pottery. Political Memorabilia is a good possibility. Killary was just in Kentucky and I believe Bill Clinton was recently in my hometown, Owensboro.
Are you beginning to get the jest of how I think? This process will save you a lot of time once you've begun your trip.
I missed a great auction there last week, but I’ll be looking in on old friends to see how they’re doing. While I’m there, I’ll ask if they have anything I might buy from them that might do well in Chicago.
Cecil is the first person I hope to find because he always has some of he better things set back. I’ve been able to persuade him to let a few of them go to me, in the past. I’ll also be looking in my friend Owen’s “Spend-a-Buck“ Antique shop for some goodies.
In Kentucky, the expensive items seem to be more reasonably priced than what I’ve come to expect in Chicago. There seems to be an order to the way Antiques, Collectibles and Fine Art sell.
The Same Item in Different Regions of The Country Can Have Different Values
I used to set up at the O'Hare Antique Show with some of my friends, and it amazed me that the New York and European dealers would buy most of what I had brought to the show before the public had a chance to see it. I wondered how they could pay my prices and still think they had a bargain. But I learned that the same item can have a different value depending on where it’s being offered.
My friends, Doris & Mike, who sell a lot of vintage bakelite jewelry, have buyers from New York gobbling up their pieces, because they believe the prices are incredibly reasonable compared to the New York prices.
If you’ve read my book, you’ll remember the painting I drove all the way to Christies in New York to auction, because I’d get a better price for it in New York than in Chicago. The painting was estimated to bring three times as much in New York as it would in Chicago, and that’s exactly what happened. Primitives sell very well in New York, and as I was driving, I recall wishing I had some great primitives I could have brought with me. Had I had these items, I knew they wouldn’t be making the return trip with me.
Qualify Your Family Vacation or Trip as a Business Trip
Hunting for Antiques & Collectibles along the way to my grandsons’ party enables me to do business along the way, and is in essence, a business trip I can expense. Fun and Profit – the two greatest words I know besides the one I use to pray.
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