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06 July 2016

9 tips to make a profit from antiques furniture

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by Tristine Brown - 1 Comment
9 tips to make a profit from antiques furniture

It counters the thought of impossibility when referring to how you can make any profit from a collection of antiques furniture online. But the possibility is very true and has even been proven to have materialized with respect to the emerging technologies today. Looking at the net market share that the internet has received in the past few decades, the percentage use of internet has proven to be very influential.

June is one of the most vital and favorable month for the antiques world, because it is when the art and antiques fair is held at Olympia in London. Therefore there are several ways in which one can make lots of profits from antiques furniture collection:

  • Invest only in the antiques you or a client likes, this makes it easier to get the right description of the antique and to know your business means knowing your target market.
  • The customer is always right therefore taking ownership of an antique you anticipate buyers will come from all over to bid therefore sometimes getting more than one expected.
  • Understand the hidden meaning beneath the antique you seek or poses ensuring that one can anticipate the time to purchase and sell a given set, therefore accruing a larger profit margin.
  • Purchasing from dealers who you have done research on and confirmed that they are established ensures that one will not be lied to on the set one is about to purchase or buy and sell.
  • Always side on with the big names designers of furniture antiques as this ensures that the sets that you will purchase or sell will be signed, and the names behind the signing recognizable.
  • Look for the most uncommon or rare sets as they have a higher probability of a higher profit margin than just a common antique has.
  • Avoid double guessing yourself on fake sets of antiques, if you doubt the authenticity of an antique just don’t purchase it. As this avoids living in the margin of losses which can be otherwise avoided. Avoid also the purchase of restoration antiques or antiques that have been repaired as most of them are rarely noticeable.
  • Ensure the deal is realistic meaning you should think twice if the deal is too good for you, making a follow up will definitely ensure you are sure when the transaction is activated.
  • Work with specificity of sets of antiques so as to enable yourself to be knowledgeable of the genre of antiques you are dealing in. e.g. historical or spiritually related antiques.etc.

Tristine Brown

Tristine Brown

Tristine Brown joins Jaribo as our newest contributing editor. She has an academic background in Fine Arts, but don't let fool you – she has a real passion for motors and all things tech. Tristine is based in Chicago with her dog Jasper.

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One Comment

  1. Christoper Batch says:

    I’m a big history buff so I like furniture with a past. They can get expensive though.

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