You are so right. When I mistakenly buy at too high a price, it is the hardest thing to sell it at a loss, forgive myself, and move on. Sometimes I've just given it away in order not to remind myself of the bad buy.
Great tips Edward♥ I bought a crystal decanter for a few dollars and sold it for 100, it wasn't even signed, but it was unique large and absolutely gorgeous. I love buying, selling and learning what sells, everyday. This is definitely my calling and I don't really think of it as a job. Thank you Edward for always sharing your tips, advice, experience and information! You are not only one of my best friends, you are brilliant love♥ XX
I currently buy most of my stock at auction, I really enjoy going. You are right the really good items nearly always will be bid up too high but things always get missed. A lot depends on what other buyers are there. It keeps me going while the carboots are closed in winter.
Auctions is where we buy most of our stock .. I do agree to a point, but plan and research following the viewing day on all of the lots you are going to bid on. Always make a note of your max price, and dont be tempted to bid over your max price., Then its a good place to buy stock.
Good advice. As you say people don't know everything no matter where you are picking from. Spotting and object, I like the individual points you look at in an object to evaluate it. Thank you for the tips.
I've had some great stuff out of auctions, nothing in the thousands mind but there is good stuff out there. It's not the auctioneer I worry about, it's the other dealers in the room on the day. When I've picked up a box of odds for £2 and I know there's a piece in there worth £50 +, that is what gives me a bit of a buzz. I know we can't all be experts in everything, but if I can spot these things..... Another thing I might add, is never tell anyone where you pick these things up from, whether its auctions, boot sales or charity shops. I know it's different for you on your channel, but the last thing I want to see at an auction is someone i've opened my big mouth to, and they're bidding against me. Oh, and set your price limit and stick to it.
Estate auctions is where i had the most fun. It is not about the auctioneer. It is about who is there bidding. If it is a slow day and few bidders you can get loads of antiques for $20. Yard sales are just a bunch of garbage. A lot of rummaging for maybe 1 item.
When buying at auction, remember, you don't have to be the smartest antique dealer in the world, just smarter than the ones who show up... don't be intimidated if there are 50 people, you don't need to be smarter then all 50. Of those 50, half of them are there for entertainment and won't bid, out of the other 25 there may be 10 or 15 of those people there who simply want one item or one genre, that leaves about 10 serious dealers who are there to stock their shops. Therefore you really only need to worry about maybe 10 out of 50 or 1 in 5 and just be smarter or do better do diligence or work on a shorter margin then those handful of people at the auction...
I disagree with you on auctions, in my experience and I have lifetimes when it comes to this particular field, there are comparatively few auctioneers who actually know what they are doing. If you know where to look, every day you can find incredible sleepers. As you say group lots are a good way to go, but I find the best are the auctioneers who do house clearances, they rarely employ real specialists and generalists only have so much knowledge. If you know an area well enough you can quite easily exploit their shortcomings.
@@MayfairMagic We always attend anitiques and collectables auctions .. and find the key is full research on all intended auction bids . We are Never lucky enough to find that real sleeper. But normally will for an example on a £25 winning lot see 100 to 200 % profit. As mentioned before this is down to reseach on all proposed bids win or lose.
I want to sell my antiques from 17th century Shang dynasty I just don't know where to sell it.. It's a Chinese wine vessels called chüeh... Maybe you are interested...
What annoys me, is auctioners who 'low-value' your items and their low-balling clientelle. That's ok, for them. But wait till you try to sell it. Fed up with antiques. It's a shady, business. Can't even make a 'fair' living, out of.
You are so right. When I mistakenly buy at too high a price, it is the hardest thing to sell it at a loss, forgive myself, and move on. Sometimes I've just given it away in order not to remind myself of the bad buy.
I pray everyone in the antiques n collectibles buisiness make a living doing it .keeps the bizz alive..
Great tips Edward♥ I bought a crystal decanter for a few dollars and sold it for 100, it wasn't even signed, but it was unique large and absolutely gorgeous. I love buying, selling and learning what sells, everyday. This is definitely my calling and I don't really think of it as a job. Thank you Edward for always sharing your tips, advice, experience and information! You are not only one of my best friends, you are brilliant love♥ XX
I currently buy most of my stock at auction, I really enjoy going. You are right the really good items nearly always will be bid up too high but things always get missed. A lot depends on what other buyers are there. It keeps me going while the carboots are closed in winter.
Great tips, thank you 👍🏽
Thank you x
great video, what are some of the items that sell very quickly in your store?
Thank you very much appreciate your comment. I have some films showing some of my sales. Check them out they are interesting
Auctions is where we buy most of our stock .. I do agree to a point, but plan and research following the viewing day on all of the lots you are going to bid on. Always make a note of your max price, and dont be tempted to bid over your max price.,
Then its a good place to buy stock.
An excellent video. Thanks!
really enjoyed this, wish you'd do more of this kind of video. thank you
Good advice. As you say people don't know everything no matter where you are picking from. Spotting and object, I like the individual points you look at in an object to evaluate it. Thank you for the tips.
Very informative video. Great information! Thanks, Walter.
I've had some great stuff out of auctions, nothing in the thousands mind but there is good stuff out there. It's not the auctioneer I worry about, it's the other dealers in the room on the day. When I've picked up a box of odds for £2 and I know there's a piece in there worth £50 +, that is what gives me a bit of a buzz. I know we can't all be experts in everything, but if I can spot these things.....
Another thing I might add, is never tell anyone where you pick these things up from, whether its auctions, boot sales or charity shops. I know it's different for you on your channel, but the last thing I want to see at an auction is someone i've opened my big mouth to, and they're bidding against me. Oh, and set your price limit and stick to it.
Estate auctions is where i had the most fun. It is not about the auctioneer. It is about who is there bidding. If it is a slow day and few bidders you can get loads of antiques for $20. Yard sales are just a bunch of garbage. A lot of rummaging for maybe 1 item.
Great educational video, thank you ✨
Thank you!
Great advice!
thank you Edward
I have valuable things among these, a statue of the sculptor, Louis Kley, and many other things of value
Hi sir,,I have one collection of antique mauviei.made in France...
I need your cooperation..
Looking for a buyer for old bohble.
When buying at auction, remember, you don't have to be the smartest antique dealer in the world, just smarter than the ones who show up... don't be intimidated if there are 50 people, you don't need to be smarter then all 50. Of those 50, half of them are there for entertainment and won't bid, out of the other 25 there may be 10 or 15 of those people there who simply want one item or one genre, that leaves about 10 serious dealers who are there to stock their shops. Therefore you really only need to worry about maybe 10 out of 50 or 1 in 5 and just be smarter or do better do diligence or work on a shorter margin then those handful of people at the auction...
I disagree with you on auctions, in my experience and I have lifetimes when it comes to this particular field, there are comparatively few auctioneers who actually know what they are doing. If you know where to look, every day you can find incredible sleepers. As you say group lots are a good way to go, but I find the best are the auctioneers who do house clearances, they rarely employ real specialists and generalists only have so much knowledge. If you know an area well enough you can quite easily exploit their shortcomings.
Have had some fantastic buys at general auctions, don't bother with antique auctions
@@MayfairMagic We always attend anitiques and collectables auctions .. and find the key is full research on all intended auction bids . We are Never lucky enough to find that real sleeper. But normally will for an example on a £25 winning lot see 100 to 200 % profit. As mentioned before this is down to reseach on all proposed bids win or lose.
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I totally agree with you.
I have east india company coin
I have old Japan model tungsten filament .since 1914 I want to sell
I want to sell my antiques from 17th century Shang dynasty I just don't know where to sell it.. It's a Chinese wine vessels called chüeh... Maybe you are interested...
I need to ask something
You can ask anything you need in my comments or email me at walteroneill1977@aol.com
@@AntiquesArena I found some Nazi memorabilia,but how do i know if they are real or fake
i have sewing machine
What annoys me, is auctioners who 'low-value' your items and their low-balling clientelle. That's ok, for them. But wait till you try to sell it. Fed up with antiques. It's a shady, business. Can't even make a 'fair' living, out of.
I have heavy bowl thick bowl and i don't know if this is antique. Can you help me? You can message me in FB "Naj Cariaga" thanks