If you’re like most people who are downsizing or cleaning house, and you come across a drawer of costume jewelry, your first reaction may be that it’s cheap and worthless. Not so fast! This style of vintage ornamentation, which originated in the 1920s and exploded in the 1950s, could be worth a lot of money, […]
Posts in «Auction Tips» category
If you’re 34 or younger, chances are you’re either in the market to buy your first home or you recently experienced a bidding war over an affordable home, and now you need to furnish it. For the second year in the row, your Millennial generation represents the largest group of home buyers in the nation […]
Collecting Treasures: Following a few simple tips for how to store collectibles can protect and retain their value.
I often tell people there’s a market for everything. Believe it or not, people will pay a lot of money for old firecracker labels, unopened cereal boxes from the 1980s, old fountain pens, vintage comic books and many other collectibles. But they won’t open up their wallets if the firecracker labels are damaged, the cereal boxes are opened, the fountain pens don’t work and the spines of the comic books are tattered.
Unfortunately, in the busy world we live in, many people either don’t take the time to store their collectibles correctly or they don’t realize they’re doing damage by not storing them properly. Whether you have a large collection or you’re just trying to organize your valuables, keep these tips in mind:
- Keep a detailed inventory. There are many inventory software programs out there, like Capture My Assets and Software 4 That, as well as apps for your phone likeKnow Your Stuff, that can assist you. But even if you keep a handwritten list, it will help you keep track of where your items are stored, especially if you have them packed in boxes and out of sight for long periods of time.
- Control the climate. How many of you have boxes of items stored in your garage or attic? You could be exposing them to too much heat, bugs and other factors, like humidity. Some antiques also can be damaged if they are exposed to too much light.
- Take care when cleaning. This one is tricky because some items are best left alone, while others can be cleaned, if very carefully. It’s best to ask an appraiser before cleaning an item so you don’t do any damage, like removing part of the patina on a piece of furniture. For some items, you can use soft bristle brushes, moisture-free compressed air, distilled water or isopropyl alcohol. Never use harsh chemicals. Again, check with an expert before cleaning a collectible.
- Keep original boxes. Toys, jewelry, Hummels – really, any item that came in a box should stay in the box. If it was never opened, that’s even better! I’ve seen a vintage G.I. Joe figure sell for $150 because the box was included and was in good condition.
- Keep original receipts and documents to prove provenance. This is often the deal-breaker. Either you can prove it’s authentic or there’s doubt. Keep receipts in the box with the items in question whenever possible so they don’t get misplaced. Don’t tape them to the item’s box because the adhesive tape could damage the box.
Remember: It’s always a good idea to let at least one other person know where they can find your detailed inventory. Hopefully, you’ll sell your collectibles on your own terms, but this way, in case of an emergency, your relatives or friends won’t be scrambling to figure out what you’ve been collecting and where the items are stored.
Collecting Treasures: Some museum-quality pieces can reach into the hundreds of thousands of dollars. African art hits the mark. I say that with all the enthusiasm I can muster as we just recently represented at our auction house a stunning African art collection from a Scottsdale resident. The results exceeded our expectations. The stars of […]
Vintage games like arcade pinball machines are rising in popularity with the gamers of today as well as the gamers of old In today’s fast changing world of arcade and video games, it seems like gamers want more high-tech gadgets that make their interaction with games even more realistic. Just look at the explosive growth […]
Well excuse me, but I think you’ve got my chair. No, I’m not talking about that 1980s George Strait tune, although it was a good one. I’m talking about a Herman Miller chair that I pulled from a client’s dumpster and sold for thousands at auction a few year’s back. More recently, we sold a […]
Watch for “The Intimidator”, “The Gloomer” and “The Friend” When Bidding at an Auction EJ’s Auction & Consignment Offers Tips for First-Time Auction Attendees GLENDALE (September 17, 2014) – Auction houses nationwide are enjoying rapid growth, and with that growth comes a variety of bidder personalities. Erik Hoyer, owner of EJ’s Auction & Consignment in Glendale, […]