When there is an interesting comment posted on the AW Blog I typically like to post it to the full blog so all can read and take advantage of the comment. This was an anonymous comment from an auctioneer on the slowdown in the market. The comment states the start of the market decline for antiques was just after Sept 11, 2001. I would have to agree based upon the activity over that time. I do also hope we have hit bottom, as this decline has been longer and deeper than most.
Thank you for the comment.
The comment:
As a Auctioneer with almost 3 decades of conducting monthly antique auction experience, I can tell you exactly when the decline started.
It was September 11, 2001. My sale scheduled for Sept. 12 2001 went ahead, but the entire auction market started to register month over month declines in value from that Date to this one.
The market decline has now (finally) found a bottom, & the optimistic message that I deliver now, is that there is still a pulse. The core collectors that are interested in developing their private collections are still there, & they are definitely enjoying unprecedented opportunities to buy HQ items for minimal cash outlays.
New collectors is what we need now, to stimulate competition for the rare pieces, with new money.
It may not return to the robust market of the of the late 20th century, but it will not fade away either.
& Coin collection sales are up.
2 comments:
Good Post!
Chaise Lounge said: "Useful Comment!"
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