The Pros and Cons of Buying and Selling Antiques
For quite a couple of individuals, the idea of buying just a few antiques and trying to sell them on-line is an attractive one.
That may 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 try and generate at the very least some additional revenue to help survival.
It looks easy
At face worth, this is a really attractive option.
All you want to do, so the mythology goes, is pop along to your local Bric-a-Brac, second-hand shop or public public sale and buy some old items for a comparatively small quantity of money. You then sell them for an enormous profit to folks on-line and presumably overseas, all of whom just can't wait to get their palms in your items.
Sadly, it is anything however an easy route to fame and fortune. Let's have a look at just among the points that may stand in your way.
The first thing to recognise is this concept is hardly going to be revolutionary.
A number of people love raking round for bargains and the idea of selling them for a profit. Much of the stuff you will be seeing for sale is, frankly, junk and when a couple of first rate items do come along you may ensure that competition for them will be fierce.
Typically that competition can get fully uncontrolled and result in costs being offered or asked for which can be totally unrealistic and which depart no room by any means for a re-sale profit margin.
In reality, many public auctions will trade in your very desperation and eagerness, plus that of different inexperienced dealers in the room, so as to help drive up their prices to wildly over-inflated levels.
Once you have sold your items, hopefully for a profit reasonably than a loss, anticipate to get some hefty tax bills as a result.
Area does not permit a full discussion of the tax points right here but most unbiased observers will tell you, appropriately, that tax and associated costs can severely eat into what you assume to be your profit margins.
Some individuals start their antiques enterprise and pick up some really beautiful 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 some of them discover, to their horror, that shipping larger or heavier items around the world could be each phenomenally costly and desperately risky.
The cost of packing, shipping and insurance, which you will have to pass on to your buyer unless you want to go bust, can find yourself making your item really more costly than a buyer can discover it locally.
Voila! You end up stuck with an item that is successfully un-saleable.
So, must you hand over?
When you have a dream, it's always value going for it.
It's also worth bearing in mind that many online vintage operations are successful with things similar to watches, clocks, jewellery, pottery, carpets, furniture and vintage swords etc.
Nevertheless, make sure you don't make the mistake of thinking this goes to be simple however instead do some extensive research on all points of running a enterprise, whether or not it is in antiques or some other sector, before you make a start.
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