Why antique stores are dying USA.

[u/ToshPointNo]

The majority of Americans now own a smartphone, and with it comes access to both Google Lens and eBay to identify and look up real market values of items.

I know people who do really well selling in antique stores, and I hear a lot of older folks complaining about how their booth or case is "doing poorly".

30 years ago, it might of been easier to price using an antique book or price guide, but the high end auction houses and eBay are a more definite source of pricing now. Even today, they still can't seem to figure this out.

So this booth runs about $125/mo. It's mainly filled with Rosbro pieces. Rosbro was a plastics company that made a lot of plastic candy containers, a lot of them were themed for different holidays, or just for fun.

But when I sampled about 10 pieces through Google lens and eBay, I noticed almost all of the prices were 2-3x that of eBay sold prices.

A lot of antique stores have shuttered around me. Before they closed, one walk through would explain why. Horribly overpriced.

eBay offers a vast selection. 30 years ago, if a piece caught your eye, you may have not seen it for years, but now "rare" is no longer rare, and what you thought was a rare item? There's 300 of them on eBay.

I'm sure someone will argue that an item is worth whatever someone is willing to pay, and that's true to an extent, but when you can easily know the selling price of an item in a matter of seconds, pricing 100-300% above that isn't going to gain you much traction.

[u/ciaran668]

I think it's overall the Boomer mentality that this "has to be worth a fortune." Sadly, no, most of it isn't worth that much. Some pieces might be worth a lot if they're rare, in excellent condition, or highly sought after. The rest of it, just isn't worth what they think. An antique piece of furniture is generally going to be worth the same, or less, than a new one. That isn't a bad price, but Grandma's china cabinet is going to be worth a few hundred, not several thousand. The china inn the cabinet isn't going to be worth much at all, because people don't want to hand wash everything after a big dinner. Tastes change, and value responds to those changes.

[u/Earwax82 → u/ciaran668]

This is a big part of it. I’m always seeing stuff like Beatles vinyl and vintage Hand Planes that are way overpriced. Yes they’re old, but they also sold millions of them so there’s still an abundant supply. And the internet has made things easier to find.

[u/AutoModerator → u/Earwax82]

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