If you were born 20 to 30 years ago, consider yourself lucky, because time is on your side. I’m not talking about opening a savings account; rather I’m referring to your chance to make smart investments in the secondary market.
Generational collector trends shows us, he who buys now will greatly profit later. In today’s auction world, the paradigms of the past have shifted. What was hot is not. Whole new avenues have opened in collections. Values in general have been greatly been diminished.
As it was in the 1920s and the 1960s, when no one wanted old things, the past has repeated. And here we are again, in a similar cycle where valuable furniture, antiques and other collectibles are selling for a fraction of their value years ago. Those who were smart enough to purchase during those lulls greatly profited in their collections later.
This is something I can attest to personally, as my parents were avid antique collectors. They traveled often in the 1960s, purchasing a variety of treasures. And, when they would speak to me in values of which they purchased these items, I did not understand the method behind their madness. But when they went to sell these items in the 1980s and 1990s, the return on the items astounded me. I am seeing the same trend today, and I now understand why growing collections and understanding the underappreciated value currently will greatly return tenfold.
I often hear, the antique market is ever dead, as the millennial generation does not see or understand the true value of great antiques. So, if you fall into this age group, why should you care?
Here are four reasons why you should take a second look at buying on the secondary market:
1) Most antique and collectible markets have reached rock bottom.
2) This is the largest transfer of wealth in human history.
3) Collectibles are cyclical.
4) The Baby Boomers are the largest generation to move into transition in U.S. history.
We live in a high-tech world that is going to advance even further. I believe that as this technology frees up more of our time, some of life’s formalities will come back. We’re already seeing some of this with the steampunk movement, which takes its inspiration from the 19th century Victorian Age. Antique timepieces, old typewriters, vintage lamps, old maps, jewelry or décor with ornate engravings…it’s just a matter of time before we see more people serving dinner with fine china.
Now, I’m no psychic, but I know trends are cyclical. And if I were 20 years younger right now, I’d be researching these cycles and looking for great finds at yard sales, antique stores and auctions.
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