| afarmington | 10-12-2012 10:37 PM |
Quote:
Originally Posted by Sandy D
(Post 334655)
Yes, not like it was but profits can be found still today.
But, it cannot be a new wholesale item that everyone can get.
I specialize in antiques and collectibles therefore smaller competition and the pool of people in this area is shrinking all the time as most younger 35 or below are and never were interested in antiques and collectibles.
Most older people I watched and learned from since I was a kid are gone or retired. I hardly ever see young people at auctions anymore. Mostly older people who are just doing it for fun now.
Many that have no clue bid up stuff 5 times its value or run out of money.
Antiques and collectibles for those with years of knowledge is still highly profitable.
Add in yard sale crap and a few new things and profits in volume is what I think goes.
Not much competition in the auctions anymore. I think it is because people who used to have money and knowledge are not showing up and if they do they are not buying anymore.
The other thing is Americans are getting older and shrinking their houses and therefore the items they have. I am seeing a nice trend of better goods coming to auctions lately. For a few years it was mostly low end household stuff but not anymore.
I have a goal to sell 500 items in one day. Might never hit it but I am going to try.
| I noticed the same thing. 90% of the items I sell are vintage/antique. When going to auctions and yard sales, the profit margin can be huge. One year I found a rare all chrome kitchen aid mixer from the late 20's. Paid 13 bucks at a tag sale and sold it for close to 800.00. That is of course rare, but I still make pretty high profits on nearly all my finds.
It is more work though, a lot more. In tracking things down, freezing your hiney off going to auctions in the cold, taking lots pics, unique descriptions for each auction. Can't do any mass duplicate listings. But still totally worth it :) | 
