The timeline from to the present is the snake and we the Boomers are the bolus moving through the conduit. In the beginning it was the demand for single family homes on a plot with a white picket fence, then coonskin hats, then school infrastructure, then VWs and college infrastructure, then…..
The bolus continues to move. Furthermore, uncertainty in the marketplace is manifested by dealers consuming their existing stock, commonly at diminished margins or at a loss, rather than refreshing inventories at auctions. Older dealers who remain optimistic in spite of the obvious demographics either cannot adapt or are in denial or are delusional or suffer from a combination of all of the above.
Thus their retail art and antiques shops are depleted and often look haggard, a combination which tends to perpetuate demise. Hence collectors have been and are buying at auction because product availability is often far better and less expensive at auction than in retail shops.
The overall effect on the market is descending retail and wholesale prices across the board. Antiques show promoters and dealers who ignore or are oblivious of the trend will crash and burn or wither away. The show business is dead and getting deader.
Dealers are old and getting older. In short order they are going the way of the dinosaur. New collectors are younger and have matured in the digital age. They will present themselves and their collections online, not so much the old-fashioned way. In general, demand will not return to pre levels for at least 20 years, in my opinion. The reasoning is elementary: Sage advice for Boomers: And for you younger generations: By the time the somethings are 80 and their children are 60, what they bought cheap now will be expensive once again in the s.
This is not just a trend, this is The New Order. As always, there are exceptions to the New Rule: For various reasons too complex to explain on this page, each category has added strength even in these times.
The market for antiques remains unchanged: The short advice for Boomers: The long advice for young people: Yes, interest in antiques is getting weaker for most categories but there is still some sustained strength for specific niche categories, i. The opposite is true for you young whippersnappers. What we are experiencing in the antiques trade now is going to continue for another 20 years.
Because the Boomers are dumping all of their junk into the marketplace as they downsize from their McMansions to quarters that make sense: The world is a-changing. If you do not adapt — go with the flow — then you will be left behind and the assets that you have accumulated over your lifetime will slowly erode your net asset value.
Your estate will be diminished by your inaction. Get your act together, NOW! The current market is jittery and very cautious due to several negative dynamics: Until the parameters of these risks are defined, assessed, and measured, the wider market will likely remain stagnant. Demand for most categories of antiques and collectibles will likely remain stagnant for a different, longer lasting reason: Nonetheless, they are dispersing their personal property amongst their heirs and dumping what remains en masse at auction.
Uncertainty in the marketplace is manifested by dealers consuming their existing stock, commonly at diminished margins or at a loss, rather than refreshing inventories at auctions. Consequently collectors have been and are buying at auction because product availability is often far better and less expensive at auction than in retail shops. Older collectors who remain optimistic in spite of the obvious and continue to buy will erode the net asset value of their Estate.
And for younger generations: As always, there are exceptions to the rule: For various reasons too complex to explain on this page, each category has added strength even in the face of The New Order.
If you are young and clueless, now is the time to become self-informed and to buy, buy, buy! Watch this billionaire talk. When sold at auction, personal properties will likely realize only a fraction of their original retail price because the auction venue is chiefly wholesale and the market is trending down and will likely continue to trend downward for at least two more decades because of changing demographics.
However, the end results of an auction sale of personal property may provide extreme anomalies: Auction sales results usually fall within a steep bell curve. The peak of the curve mostly falls in the middle of a calculated presale estimate a low-to-high range, e.
This scenario is oft repeated around the world. Current market stylistic trends will likely compound the loss effect. Downsizing Boomers are dumping their personal property en masse at auction. Much of that consigned property reflects the decorating crazes of the s through the s. Furniture collected during this period was often refinished and brown, literally, as most wood is and most period styles are.
The current market continues to be jittery and very cautious due to several negative dynamics mentioned in earlier Market Reports on these pages: Sounds too grim to live another day? Before you slit your wrists confer with an accredited appraiser of personal property to see if ending it all is your only solution. You may be surprised how much can be salvaged from past extravagances. In the days that followed, Paul Revere led a new battle-- for public opinion--which proved even more decisive than the fighting itself.
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How to Read the Constitution and the Declaration of Independence: A Simple Guide to This book tells their story. The Island at the Center of the World: With pictures and contemporary accounts, this book chronicles the settlement of Jamestown, from its first bitter winter to its ultimate success. Review "Fischer knows how to grip the reader as few historians do A good read as well as an excellent reference. What is most impressive about the book is the scholarly apparatus indluded. Revere is now a human figure acting out an historical role without mythology to get in the way.
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