Why Sell Antiques & Collectibles At Online Auction Houses

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India is a land of rich culture and heritage. It’s an amazing place on earth to find exquisite antique pieces and collectibles handmade by skilled artisans from precious metals, exotic woods, & precious materials with fascinating history and fairy tales to tell.

But most of the time sellers who wish to sell antique furniture, art, and decorative accessories are completely clueless about where they begin in such a vast country and marketplace. If you’re a seller of rare antiques and collectibles, this blog will be of great help to you.

Antique Collection

This blog will introduce the benefits of selling antiques and collectibles through online auction sites:

Let’s begin from scratch.

What Is Considered As Antique?

Any object that is over 100 years old; aesthetic and with historical significance is referred to as an ‘Antique’. The difference between an antique and a vintage is its age. Antiques are items that could be atleast 100 years old and they can be anything such as sculptures, furniture pieces, jewellery, lights, books, maps, glassware, décor objects, etc. Vintage is artifacts, a sculpture, glasses, jewellery & more which has an age of the past 100 years.

In India, there are strict rules about the objects, furniture, and art that dealers can export outside the country. Nothing that’s over a century old could be exported. Buyers are tempted to buy products for their nostalgic value rather than any real value in the resale or auction market.

If you have a collection of antiques then it’s a great way to make money by selling them. But selling antiques and collectibles is quite a daunting task, especially when you’re not sure where to begin. In the olden days, there were auction houses where products were kept on display. Customers had to travel to places and bid for the products. The process was tedious and time-consuming. But thanks to the internet-obsessed world, today there are plenty of online auction houses to choose from.

India is now a booming market for antiques & collectibles and several online auction houses will help you yield good returns. With emerging trends, even Giftex has entered the auction market with its ‘World Of Collectibles’ auction – one of the best online auction houses in India.

Live online auctions

Benefits Of Online Auctions

As per Statista, the global online antiques and collectibles market is expected to reach $17.8 billion by 2027. The rise of the Internet and e-commerce platforms has played a key role in influencing the consumer’s spending and buying patterns who are now turning to the internet to buy and sell antiques and collectibles. Thus, it’s a great opportunity for antique and collectible sellers to tap the rising market and reach a wider & potential audience.

Through online auctions, you can reach customers not only in India but even worldwide who are interested in buying your rare antiques and collectibles. It will help you get a better price and boost your sales. With the growing market size of online antiques and collectibles, it could be a lucrative business opportunity for vendors. Emerging platforms like ‘World of Collectibles’ could help you reach potential audience and increase your sales.

Selling rare antiques & collectibles at auction will give your products the right exposure they need. Your potential buyers don’t need to be practically at the auction house to bid. Instead, they can register and place their pre- favourite bid or even do live bidding at the time of the auction.

Besides, the best thing is online auction house works for you and it will begin to market your antiques and collectibles once it’s in their possession. This includes photographs, catalog building, pricing, placing ads, and even calling up customers to place their favourite bid. Send emails and catalogs to prospective buyers to inform them about the upcoming auction. They will drive customers to place their favourite pre-bids. Their goal is to help you get the best price for the product, thereby making it a win-win situation for both auction house and seller.

Silver Collectibles

On An Ending Note –

Today, antique sellers are actively participating in online auction houses. As a result, you’re more likely to discover highly valued antiques. Success value at auction depends on knowing how much you could sell an antique. Profit is challenging because it’s simple to fall into a bidding war with other dealers or collectors. Spend time examining the products up for bid, and give an offer on ones you’re confident you can sell. A good strategy to source stock is through making purchases from other retailers. It could be challenging to turn a profit but it’s likely to have a firm grasp on antique and collectibles values. You can spot valuable timepieces, antiques, and more at other antique shops and use your expertise to push them at live online auctions, and network to help you sell them for more money.

There are various alternatives for selling your antiques online. Your demands and wants will decide which one will be the best for you.