Market Uncertainty Creates Opportunity for Savvy Buyers of Antiques & Fine Art The Antique, Collectible, & Fine Art Market has a long way to run before the steam goes out of it. Savvy buyers will think globally and see new opportunity.
News-Antique.com - Dec 10,2007 - From Daryle Lambert's "Guy in the Red Tie" Blog:
My mailbox was full of magazines today, and each was filled with auctions ads. It looks to me as if everyone is trying to get their items sold in anticipation of a drop in the market. But do I have news for them! The Antique & Collectible Market has a long way to run before the steam goes out of it. With the dollar collapsing and real estate in a free fall in many markets, where else are you going to put your money?
It's "Betty's Bargain Basement" in America, and Foreigners are buying the best and highest quality Antiques and Collectibles from this country at fire sale prices because of the difference in the value of currencies. We haven't reached the top of the market yet, and it seems to be nowhere in sight at the moment.
So how do we take advantage of all this uncertainty? We must see the opportunities this uncertainty creates. Educate yourself, particularly on the rarities, so that you will always be ahead of the curve. Art work, fine silver, jewelry, pottery and other rarities will always have value around the world. Think about global markets if you want to make money, and quit worrying so much about what is happening at home here. Take action in the areas where good money can actually be made. All things change. When they do, savvy buyers and sellers change with it.
A house might drop in value here because of the credit crunch, but we canít move it to China. This isnít true of a painting. We can ship a painting almost anywhere.
Yes, the dollar will rebound, but when is the question. So, let's not be waiting for the event to occur. Take advantage of the circumstances as they present themselves. There is no crystal ball that can tell us how long this change might last, so let's not be a chicken little and bury our heads in the sand. Go where the smart money is going and further educate yourself in the ways of the market place.
If people are rushing to get out of the market, it might be time to get in. They might be selling out of fear, or they might need money to make their larger house payment on the adjustable loans that are readjusting. Be ready to buy.
Local Auctions that arenít well advertised should be a gold mine at this time, as there will be fewer people. Try to buy the best of these offerings, because that is where the true treasures will be found. Go to every house sale that you can attend, and look for the most expensive things offered. This isnít the time to be buying two dollar items that might sell for four dollars. This is the time to step up to the plate while the iron is hot and buy only the very best.
I believe very shortly, the prices that we are seeing