LIVE AUCTION
Business Liquidation
Interior Demolition Specialist
2015 Dodge Ram * Case 60XT Skid Loader * Work Vans * Trailers * Tools * Salvaged items * MORE
Saturday December 10th, 2016 – 10:00am
Tools – MG collectibles – parts – MORE Continue reading University Motors – Grand Rapids, Michigan LIVE
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Antiques and collectibles are a staple in the auction world and have been traded by auction for decades. We are knowledgeable in Antiques and collectibles and have been selling them regularly since 1974. (above: Vintage sign collection at McGraw tire in Grand Rapids, Michigan)
Who doesn’t love classic cars? Classic automobiles sell very well at auction. They are easy to market due to high desire and available marketing channels.
Military items are in high demand and have been for quite some
time.
Antique furniture has been a staple in the antiques business for a long, long time now. Many people believe antique furniture that they own is a large part of their personal wealth. Unfortunately outside of super high end antique furniture…the market is very fickle. The value of everyday antique furniture is severely affected by current styles and taste. Values on antique furniture change constantly, contact us to find out what your furniture may be worth.
Signs and toys may be two of the most fun and satisfying antique items to sell at auction. While rarity and condition make a base for the value of the item, emotion and personal attachment really drive it home.
That makes a 1990 Chevy Lumina a qualifier for historic plates!
An antique (Latin: antiquus; “old”, “ancient”) is an old collectable
item. It is collected or desirable because of its age, beauty, rarity, condition, utility, personal emotional connection, and/or other unique features. It is an object that represents a previous era or time period in human society.
While age does play a factor in the value of antiques…it is not the deciding factor. In regards to value more emphasis is placed on rarity, condition and utility. To paraphrase a quote from TV’s Pawn Stars “I have rocks in my backyard that are Millions of years old, and they’re not really worth anything.”
Nostalgia is a powerful emotion and one that drives the so-called antiques market. Reliving your youth is the number one reason things become collectible. Bringing back feelings you once thought were long gone pushes people to seek out things they remember fondly or always wished they had but could not afford.
The most classic examples of this are automobiles and toys. People who grew up in the 50’s did not play with the same toys or fantasize about the same cars as a kid a decade later in the 60’s. Disposable income then becomes the price driver. Typically people do not reach the “disposable income” phase of their lives until at least their 40’s. As they begin to seek out these items, the generation before them has already purchased the items they desire. One generation of items rises in value, while the one previous declines.