Today’s market value for many classic antiques – furniture, pottery and jewelry – is declining due to a host of factors, state “Antiques Roadshow” experts.
When Season 16 of Antiques Roadshow concludes its “vintage look back” during Monday evening’s episode “Vintage Pittsburgh,” its famed expert appraisers reveal more values have gone down than up over the past 15 years. The concept for the Roadshow’s “vintage” episodes, states bubbly host Mark Walberg, is to see “what values went up, down or stayed the same.” For instance, during Sunday's July 22 episode, the Roadshow went back to its first San Francisco visit in 1997 to see if antiques valued some 15 years ago had either gone uphill or downhill. Other than Roadshow appraiser Leigh Keno’s evaluation of an 18th century Philadelphia Chippendale chair - rising in value to nearly $18,000 today - most of this "Vintage San Francisco" episode featured items that "decreased in value" from 15 years ago. In turn, a preview for the July 23 episode “Vintage Pittsburgh,” also reveals many former high valued items have “lost value” during the years since they were first appraised by Roadshow experts.
Buying and selling antiques in a time of recession
Many classic antiques have lost much of their value; making many top antique catalogs moot for true market value in 2012; while those who buy and sell antiques will tell you how "eBay and other online auctions" have “changed the landscape” for antique and collectible values."
Also, dealers say that "eBay in particular has made the playing field uneven; since most anything can be found on eBay for very little these days,” explained Suzanne a savvy antique buyer and seller who told Huliq during a recent July 22 interview: “I’ve been in the business for 60 years and it’s never been this bad.”
In turn, local Florence, Oregon, antique seller Eric Trippett - who likes to find his treasures at the famed "Florence Antique District" - also told Huliq during a recent July 21 local flea market sale that “my beer trays once were in the $75 to $150 neighborhood each back 10 years ago."
"Today, with just about everything on eBay so cheap, I’m lucky to get $30 a tray, and these are the real deal; vintage beer trays from 1930s, 40s and 50s,” added Trippett’s eyes slightly stirred to anger.
Overall, Trippett – who once owned an antique’s shop in Portland, Oregon – said the decline in antiques and collectibles “has been going on for some time. It’s all about demand, and right now – and since this recession hit back in 2008 – it’s been very difficult to maintain and build your share of the antiques market.”
Moreover, Suzanne added how the “traditional public-relations-oriented approach of say special sales, antique markets and events and other promotions to sell these vintage items won’t work today because buyers, such as myself, simply no longer have that disposable income to buy and invest in antiques as we once did.”
In addition, Suzanne said “none of my children or grandchildren seems interested in my old stuff. I think they will simply give it away to some charity because they probably won’t be able to sell it.”
Still, many thousands stand in long lines when “Antiques Roadshow” comes to their town with locals hoping their “treasures” will catch the eye of Roadshow appraisers and earn them the right to say on TV “oh, my God, I never thought it was worth that much!”
Sadly, such excitement only seems to happen rarely these days.
What was appraised as “high value” during Vintage San Francisco?
The PBS “Antiques Roadshow” television preview of tonight’s July 23 episode dubbed “Vintage Pittsburgh” – that offers some interesting items such as a 1840 folk art portrait by an untrained and unknown artist that was appraised for $30,000 - $40,000 back in 1997 – Sunday night’s “Vintage San Francisco” episode seemed to reveal a downward trend in antique values.
In turn, tonight’s “Vintage Pittsburgh” episode – that airs at 8/7 c, with PBS telling Roadshow fans to check your local TV listing for times in your area – also finds what the appraiser thought was fair market value back some 15 years ago in 1997 is, in fact, sometimes way off the mark and much too high for antique values in 2012; that are now on a steep decline.
For instance, one hopeful local who met with the Keno Brothers when Antiques Roadshow visited Eugene, Oregon, last year noted how the “idea of saving old things because they will gain in value is simply not practical today because they are losing value, rather than gaining.”
Antiques in America still big business
Calling it a “multi-billion a year industry of antique dealers,” the U.S. Department of Commerce Economic Development’s recent report on “the nature of antique businesses” states how the buying and selling of antiques and collectables in the U.S. today is not only big business, but a growing trend during these uncertain economic times.
However, just because more Americans are selling antiques – making it a so-called “buyer’s market” – doesn’t mean sellers are making top dollar. In fact, sports card dealers will tell you “you’re lucky to get 10 cents on the dollar for most card values in catalogs.”
Still, this government economic development report states that “one-quarter of the overall population collects something. As people become more educated and experience greater expendable income, they tend to look at the purchase of antiques and collectibles for investment, security, and for aesthetic appeal. It is estimated that one-third of these people invest in antiques and collectibles. The prime antique collectors seem to be the more affluent population born in the 1950s and 1960s. Since the number of people in their thirties and forties is the fastest growing segment of the population, it would seem that the sales of antique objects will continue to be strong over the long term.”
In turn, the report seems to mirror the PBS preview for its recent series of “vintage” episodes that look back to prices from previously Roadshows to gauge how those appraisals are doing in 2012.
While classic oil paintings by “the master’s” or “anything Tiffany” still brings big bucks at auctions that sell classic antiques, that’s “the exception and not the rule,” state those who buy and sell collectibles for a living.
For instance, this U.S. Department of Commerce states that “two of the largest, worldwide auction firms are Sotheby's and Christie's, which had combined 1988 auction sales of more than $2 billion. This was an increase of about 500 percent from ten years earlier. About 15 years ago, Sotheby's began to publish antique market trend index numbers for people to relate their moves to that of a popular stock average, such as the Standard and Poor's Average of 500 Stocks.”
Here’s a listing of what was appraised during Sunday’s July 22 episode of Roadshow billed as “Vintage San Francisco.”
-- Steiff Bears valued at $22,500 with the 2012 market value far less.
-- 1919 Maynard Dixon Painting valued at $,000 - $12,00 with the 2012 market value on the rise.
-- Fake Federal Sewing Table valued at $800 - $1,000 with the 2012 market value for “fakes” on the decline.
-- “Jardin de la Malmaison” Book valued at $75,000 with the 2012 market value on the rise since “classic books” are being more difficult to find in this digital “no paper” age.
-- Vintage wrist watch and pocket watches collection valued at $22,000 - $24,000 with the 2012 values on the decline, said the Roadshow appraiser.
-- 1823 Anna Peale Miniature Painting valued at $5,000 - $7,000 on the decline with only select artists and painting on the rise today.
-- A very “rare” English Silver Spoon, circa 1385 valued at $10000 - $20,000 on the rise in 2012 since a “1385” silver spoon is still very rare in 2012.
-- Tiffany Studios Bronze Candlestick, circa 1910, valued at only $200 since it was cleaned and even some Tiffany, said the appraiser, is on the decline per values today in 2012.
-- English Grandmother Clock, circa 1900, valued at $1,500 but on the decline since it was not “the real deal,” and fakes of any kind today are on the decline in 2012.
-- Rookwood Pottery Mug, circa 1896, valued at $1,500 back in 1997 but “Rookwood” is on the decline today in 2012.
-- 18th century polychrome plaster figures valued at $6,000 - $9,000 back in 1997 but on the decline in value for 2012.
While many other classic antiques and collectibles were featured during this “Antique Roadshow” classic San Francisco episode July 22, there were few items appraised back in 1997 that increased in value in 2012; thus changing the perception that “just because something’s old and getting older makes it more valuable,” says Oregon antique seller Eric Trippett; while adding: “Antiques and collectibles appeal to a far smaller group of collectors who also want the lowest prices possible; making the selling of antiques very frustrating today.”
Image source of Florence, Oregon, antique seller Eric Trippett’s collection of vintage beer trays that he says “can be found on eBay for very little today” even while antique catalogs list many of his trays at high value. In turn, “Antiques Roadshow’s” recent look back at its vintage episode appraisals form 1997 confirm that many values for antiques and collectibles from 15 years ago are in decline in 2012. Photo by Dave Masko
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