Posts tagged "selling"

How to Sell Your Antique Furniture Online

This is a question that we get fairly often. Selling furniture—and especially antiques—can be a very simple process, provided that you know what you're doing and you have the resources to do it. If not, then what is often a pleasant learning experience can turn into a frustrating push to dump unwanted furniture. To help, we've put together a few useful tips that should help avoid this problem.

1. Know the value of your piece. Luckily, we've already written an article on just this subject: How to Determine the Value of Your Antique Furniture.

2. Be patient. We have 15,000 square feet and it's absolutely full of furniture: we can afford to wait if it means getting a fair price on our antiques. Individuals, however, usually don't have the luxury of constantly moving furniture in and out, so it can sometimes feel like an eternity. Depending on the uniqueness, beauty, and price of your piece, it could take several months to sell it...which brings me to my next point.

3. Value and price are never the same thing. For one thing, value is relative: before the recent market crash, antiques were selling at slightly higher prices than they do now, because people expect a deal when times are tough. So even if you do all of the right things and get your antique(s) appraised, you probably won't sell them at the maximum possible value. This is why market research is so important to the selling process: if your piece is just a few hundred dollars lower than the average, you are substantially increasing your odds of selling the piece in a reasonable period of time. But since you determine what is "reasonable," that means striking a balance between how long you want to wait and how much money you want for your piece.

4. Take great pictures and write a great description. In our experience, pictures make a huge impact on whether someone decides to buy or not—especially over the Internet, where a picture is often the only thing the customer has to go on. Likewise, a detailed description of the piece—including, if applicable, history, wear, special features, etc.—can go a long way towards telling the customer that you care about the sale and you know what you're talking about. This is another reason why research is so important, and it's also another of countless examples of the old adage, "Practice makes perfect."

5. Diversify! This is a lot like saying, "Location, location, location." List your piece in as many places as possible: Ebay, Craigslist, GoAntiques, whatever it takes. Of course, dealers have a much wider range of venues to sell their furniture, but that shouldn't keep you from occupying enough marketplaces to make the sale happen. Many of these venues and platforms require listing fees, so this is another example of balance: if you expect to get a lot of money for your antique(s), then you might not mind at all whether you're paying $10/month to maintain your listings. If your piece is cheap, though, you may want to consider minimizing where possible so that you don't wind up selling at a loss.

6. Think about shipping: this is always a big plus, as it opens up new markets. You may not be able to ship yourself, but you can always call blanket wrap delivery companies—which, although expensive, still provide essential services. Ever see a gorgeous antique on Ebay that sells for $150 and doesn't have shipping? That's why. Again, this is one of those issues of balance, but on average, you will fetch a higher price for your piece if you can make it available to the most people possible.

7. Enjoy yourself! Selling furniture is definitely a learning process, but the world of antiques—especially online—is constantly evolving and there is always more to do and more to sell. Good luck out there!

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How to Determine the Value of Your Antique Furniture

Whether you are looking to sell a recently inherited antique, or whether you'd just like to know how much your furniture is worth, it is always important to know the value of antique furniture. However, acquiring that knowledge can often be the most frustrating part of selling or inheriting furniture, but knowing how to determine value and, more importantly, knowing what value actually is, makes all the difference.

Value is of course relative to market trends, taste, region, time period, who is buying and selling, etc. Still, there remain three general types of value that more or less apply to every circumstance. Under ideal conditions, the retail value describes the highest possible amount that a piece of furniture can sell for—but antiques seldom sell at their maximum value. For dealers, antiques sell most often somewhere between their retail and wholesale value, which is the amount that dealers and designers typically pay one another. Finally, the "quick sale" value describes the lowest possible value that a piece could sell for in a small amount of time while simultaneously maximizing the seller's gains. For instance, if the wholesale value of, say, a particular mahogany bookcase is $500, then the quick sale value might fall somewhere around $300-350. This is the amount that you could expect to receive if you sold this hypothetical bookcase to a dealer or if you lent it on consignment.

If you are serious about selling your furniture and you know it's worth a pretty penny, then we suggest contacting a certified appraiser in your area. Appraisers are the best option for determining the value of your piece, and in addition to offering detailed information about the age, origin, and unique features of your piece, they usually provide the three values described above. However, appraisers also usually cost several hundred dollars, which may not be an option for everyone. Still, if you're confident that you have in your possession furniture of significant value, getting an appraisal is certainly something that you should do as soon as possible. As an added bonus, insurance adjusters often require these appraisals, so if you get one done, make sure that you keep your records in a safe place.

Luckily, there are a number of other ways to determine the value of your antique if you don't want to hire an appraiser. We recommend searching the Internet for similar pieces: try looking on Ebay, GoAntiques, and Ruby Lane. This is often the best way to determine the going market value of your antique—but be sure to pay attention to the seller and, if applicable, their reputation. For instance, someone who has, say, an 800 positive feedback rating on Ebay (or a Top-Rated Seller) will probably have a better idea of the value of their furniture than someone with only a 1 or 2 rating.

We also recommend trying sites like worthpoint.com and auctionwally.com, where you might be able to find an appraisal for your antique in their archives.

Finally, you can try showing your antiques—or pictures of them—to dealers. This approach meets with wildly varying degrees of success, since many dealers will not provide this type of assistance free of charge, while others are happy to share their knowledge. Even so, keep in mind that it is nearly impossible to accurately determine the age, period, origin, or value of a piece without seeing it in person.

We hope that we've answered some of your concerns about evaluating your antique furniture—but as always, if there's more that you'd like to know, please feel free to leave a comment below!

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