Profit From Antiques and collectables from local auctions
Like most people I love to find a bargain, something that has been missed and you spot that then goes on to make a really good profit margin. If like me you go to main area Fine antique or fine art auctions, you will find the final values can be high, plus you must add on a raft of overheads. This means making a decent profit margin out of antiques and collectables when you sell on is significantly reduced, and you will be very lucky to unearth a real bargain that has been missed. Main fine art auctions always attract the dealer experts, buying for clients or large antique shops.
To have a chance of a ‘real’ bargain then I recommend you take a look at the local antique or household auctions, these are not advertised all over the internet, they are usually advertised in the local press, or have built up over years by word of mouth. They are really interesting can be a fun occassion and you can often spot and buy an antique or collectable that will sell for considerably more at a main fine antique auction, or through eBay.
What to look for is Boxes of china, books, silver plate in fact anything, rumage through these lots and you sometimes can find the unexpected, I have many times. For example bought a box with some broken Beswick items for £12.00, in it was a Beswick woodpecker with a slightly broken beak, I sold on for £15.00, ok not earth shattering, but also in the box was a Beswick Parrot, broken but all present, I sold on for £125.00. This was an item that normally would have sold for £250.00 and someone bought it who specialised in repairing ceramics – this gave me a huge profit on my £15.00 box.
Usually these small local auctions have specials cabinets, they put in odd bits of silver and other collectables that they consider of value. Many times the prices these items sell for is well below the upmarket fine antiques auction house, for example silver picture frames I often buy and make substantual profits by reselling on eBay, one I bought at £52.00 plus 12% commission and sold for £195.00 on eBay.
Also the overheads are so much lower, the commission is usually around 12% with no VAT as the turnover is so much lower, you have minimal travelling expenses as these auctions are local, and no expensive catalogues.

