andy1234uk
Well-Known Member
- Joined
- 16 Mar 2006
- Messages
- 1,084
Thanks for all the information
No worries
Thanks for all the information
Not necessarily If you do your research (thoroughly ) and you know what an item is worth or thereabouts you can do pretty well imo.And that dealer's retail price will be two or three times auction price. Given you'll only get trade price yourself, when you come to sell, how many years just to close the initial gap?
Not necessarily If you do your research (thoroughly ) and you know what an item is worth or thereabouts you can do pretty well imo.
I recently bought a roman gold ring for £800 and had it appraised at Bonhams for £2000-3000. i know it's not a huge difference but if you take a quick glance at previous sales at auctioneers like Bonhams, christies etc... the guide price is usually much lower than the final price. So if that stays true to form and I do sell it I could potentially make a really good profit.
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Mrs Damo has money in this and is pleased with it
:)I'm not denying that, mate; just saying if you cut out the dealer's margin, you start from a stronger financial position. We can all get lucky now and then with a retail buy but it's about improving your percentages. I can understand your reluctance to buy from eBay or Del Boy's Auction Room. However, auction houses such as the two you mention are pretty meticulous on provenance. That, combined with your own research, could serve you well.
Whatever you do, good luck. If you can get it right, antiques are a much more enjoyable way to make money than some faceless virtual investment.
P.S. I'll give you £850 for the Roman ring ;)