Posts Tagged auction

Pickers Know How To Buy So They Can Sell

9 February 2011

Pickers are resourceful people with a strong native intelligence and a wealth of experience.  You can learn a lot from them and from trying some picking yourself.  The business of antiquing is all about buying and selling.  Being a collector is mostly about buying with maybe some beneficial horsetrading and occasional selling thrown in.  The following information may be valuable as many a collector who starts out selling duplicate items gets bit by the dealer bug.  Scratch a collector and you will find a merchant underneath.

Shy People Lose Out

One of the main lessons I have learned in this business is, don’t be shy.  That was tough for me.  I grew up kind of shy and introverted.  I didn’t come out of my shell fully until I went back to college at age forty.   I noticed that all the kids in class didn’t want to speak up.  I’d been kicked around enough by life that I didn’t care so much if I opened my mouth and what I said wasn’t immediately applauded.  You have to be ready to walk up to total strangers and talk about what you are interested in.  Look at what people have.  If you want it, make an offer.  Buy something you don’t want as much, at a price you can afford, and it may break the ice.

It works at a flea market too.  When you buy multiple items you can ask for a bigger discount for the whole group and thereby get the item you are most interested in for a good price.  The extra items in the group can be good low priced quick sale merchandise for your shop.  As a dealer you need cash flow and deals that attract repeat customers.  This is a clear win-win. It’s like buying box lots at auction.  Every box of junk has one item that you are sure of.  When you get it home and start rooting around some treasure may come to light that pays for all the boxes and the hot dog and soda that got you through yet another long night of earsplitting auctioneering.

On The Road Again And Again

Travel broadens the mind and deepens the pockets.  Be ready to get out and about in search of new buying venues.  When you are driving anywhere be looking for out of the way shops and flea markets.  When I was a kid my parents called them junk shops.  I loved them.  Don’t judge a book by it’s cover.  The trashier the place looks the better may be your chances of low prices.  Sometimes a shop is intentionally junky.  I knew some people who stocked there antique mall spaces on this basis.  It appeals to a certain type of buyer and those dealers did quite well.   Take the back roads and state routes when you travel.  The highways are called limited access for a reason.

Develop a regular circuit of flea markets, swap meets and antique malls with a good turn around in merchandise.  I used to get up at five on a Sunday morning. I hit the local flea market in my home town and pestered people as they were unloading their vehicles.  I would then head east and hit three more by noon going out about twenty-five miles.  Once a month I would change up and head west.  There were fewer flea markets in that direction.  Always head for the target rich environments.

That was in the populous Northeast.  Where I live now it costs too much to get anywhere with a sizable population.  The price of fuel is a big chunk of overhead these days. Strategize according to past performance and what you have observed of current trends so that you aren’t going where buying opportunities are lacking.

Move On!

Time is money.  Don’t waste it by haggling with people who aren’t willing to part with their precious memories.  If you can’t break the ice with a smaller sale then move on to plow some looser soil.  Everybody behind a table at a flea market should be ready to come down to a price where you can afford to buy an item for resale.  If they don’t, remember those dealers and don’t hand over your valuable time to them again.  Develop a good visual scan so that you can move through a flea market and spot interesting items quickly.  There can be an awful lot of small items on a table and you will certainly miss some good things.  You can help the process if you have a partner who knows your want list.  My girl friend used to see stuff that totally escaped me because everybody has a different point of view.  Fresh eyes can be a valuable asset.  It is tempting to look in detail at every box in a crowded stand, but the clock is ticking.

Good flea market dealers will have boxes in orderly rows with not too much in each box.  All the books in one area, household in another, and so on.  There may be a separate table for the “special” items which will probably have the higher prices.  I knew a couple who cleaned out houses and worked this formula like a clockwork machine every Sunday at the local flea market.  I loved these guys.  They were all about the quick turnover.  They had a barn full of stuff all the time and what didn’t get sold got trashed.  It was easy to cruise through their stuff just walking the rows of boxes scanning for good stuff.  Then I’d visit the special table and usually pick up some nice smalls at a price that left room for me.  They got to know what I was looking for and soon I was being treated to items on reserve in the back of the car.  If they had aviation items or old slide rules, they were set aside for me to have first choice.  Every Sunday ten minutes of my time netted me salable material.

Tell Them What You Want

Let people know what you are looking to buy.  Some dealers put ads in the newspaper saying what they are buying.  People respond to the idea of getting immediate cash for their old junk.  If you are knocking on doors have a flyer that lists clearly the kind of items you are willing to pay cold hard cash for.  Hang a copy on every free bulletin board you see.  I used to have a list of wants printed on the back of my business cards for Timestream Antiques.  When you are buying from a dealer at a flea market let the person know that you are interested in buying more of the same and also other items.  Cultivate relationships with the people on your circuit.

Speaking up is easier than you think.  Come out of your shell.  Spend a little gas money (yeah! I know that’s getting harder).  Move on when the pickings are slim. Let everybody know what you want, what you really, really want!  When you get it be ready to go back for more.

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Do The Winter Doldrums Take The Wind From Your Sales?

1 January 2011

By now the ball has dropped and you’ve wished everyone a Happy New Year.  The Christmas decorations are put away and eBay looks like a Ghost town.  A virtual gust of desert wind blows tumbleweeds through the dusty circuit boards of their many servers.  Soon even that breeze may die completely as the Winter doldrums set in.  Every business has it’s cycles.  Typically this time of year features the slowest sales of the year coupled with the fewest buying opportunities for new antique inventory items.  Outdoor flea markets are closed, no one is having garage sails and many auction houses close down for a week or two while they do inventory and take a vacation.

The doldrums need not be unproductive.  It’s all in how you use the time.  There is a ton of things a dealer can do to make use of the time.  Start with taking inventory.  It’s not just a dry exercise in counting stuff.  You can take the opportunity to rearrange and categorize items fro easier access.  I used to find things I had forgotten I had.  You may also identify the dog items that should be cleared out to make space for more proven merchandise.  Have a clearance sale and get rid of these turkeys. Your profits won’t soar but you just need to have some cash flow right now.

Catch up on your accounting.  It will soon be time to file your taxes anyway and it’s easier if you lay the groundwork ahead of time.  As you look at your sales records try to identify the profit makers and include them in your marketing plans.

If you sell on eBay set up a little photo shoot area to take pictures or scan the items You are looking to auction off soon.  Stock up on packing materials.  Christmas can yield a lot of peanuts and bubble wrap if you let friends and relatives know that you would be happy to take them off their hands.  Update your software now while you can spare the time to work through the set up that often accompanies new programs.

If you have a space at an antique mall strip it out and put in as much new merchandise as you can.  It’s also a good time to revisit picking sources you haven’t seen for a long time.  Keep in mind that just like you a lot of dealers are discounted the stuff that doesn’t work for them.  Some of that stuff may be niche market items that can be had cheap and moved on to your established repeat buyers.

Of course if you are a collector and not busying yourself with all these business concerns, get out there and go shopping.  It’s a great time to bargain!

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Christmas at eBay and Into the New Year

11 December 2010

Tis’ the season to sell things on eBay.  Head on over and tale advantage of the spirit of buying.  Even my poor contribution has experienced an uptick. It’s a great time to clear out some inventory.  Keep in mind that people buying gifts are wanting to get them shipped in time for Christmas.  You may be tempted to think that all the action takes place in the days leading up to the holiday.  I have had very good runs of sales in the week after Christmas.  I attribute this to the popularity of giving money as gifts.  A lot of people receive cash they can spend on themselves.

Don’t forget to stimulate buying with cheap or free shipping whenever you can.  Ship items promptly as customers seem extra sensitive to shipping issues at this time of the year.  Expect some customers to want their items shipped to family or friends as a gift.  I recently shipped a beer tap handle to Florida for a buyer who lives in California.  Good luck and Merry Christmas to all!

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History Lives in Auction Houses

30 November 2010

Auction houses display historic artifacts from the momumental to the mundane.  Spending time at auction is like being in a class room where everyone has come to participate.  You can learn much and often enjoy the simple emotion of amazement.  So many times I have seen things at auction that I dimly recall reading about.  Seeing a tangible object associated with an important person or event stirs the memory, engages the imagination and brings history to life.

I am not alone in the auction as history point of view.  Rosemary McKittrick writes about auctions at her website, Live Auction Talk.  She has been writing about art and antiques for over 20 years.  Her site archives over 800 articles covering a broad array of categories.   The depth of her experience and keen eye for the story behind the story shows clearly in her articles.  Typically they focus on a particular item that has come up for auction with a description of the historical personality who owned it.  Her research is very good and filled with educational nuggets of information.

Rosemary looks at auctions all over the world to find the story behind historic objects as they come up for sale at auction.    As she says:

“It could be Harry Houdini, Bob Dylan, Truman Capote, Amelia Earhart, Babe Ruth or William Randolph Hearst. I tell their stories through the handcuffs they’ve owned, books they’ve written, songs they’ve sung, planes they’ve flown, empires they’ve built and homeruns they’ve hit—all of which sold on the block.”

Her story on Baron Von Richthofen (The Red Baron) includes interesting details surrounding his untimely demise.  I’m a pilot and dedicated aviation history buff and had forgotten this story.  It’s nice to have it back in my memory bank.  One of his silver beakers commemorating a victory in aerial combat sold at auction for $28.000.

These articles contain some great research on auction prices realized.  Don’t pass up this kind of resource.  Rosemary gets it in one when she says, “When the bidding stops and the hammer falls, the value of an item is set. The buyer, not the seller, sets the price. This simple distinction cuts through all the chitchat about what art, antiques and collectibles are really worth.”

Go to Live Auction Talk and sign up for her free weekly subscription.  It includes an article on the 8 essentials of collections.  It will tell you exactly what needs to be at the forefront of your thinking every time you enter an auction house.  It’s brilliant stuff and lots of fun.

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Sell Your Antiques Before They Grow Roots

18 October 2010

An antiques dealer spends as much time searching for stuff to sell as they do actually selling.  The skill is in acquiring desirable merchandise.  Some merchandise is immediately salable.  Some of it needs a little work. Well, maybe a lot of work.  For twenty five bucks you get a walnut buffet at the local low rent auction house.  The six 1/4 inch holes drilled randomly on the front of an otherwise attractive example of reproduction Sheraton furniture seriously detracts from it’s value.  You’d be surprised what you can do with some shellac sticks and a melting iron.  A little work can lead to the satisfaction of a sale.

Some items are beyond help.   They take root in your stand at the antiques mall and defy all efforts to shift them.  When I first started in business I was very impressed at the auction prices brought by blanket chests.  I managed to find three nice ones.  One of them was shellacked the others were grain painted.  Both were old with good original finish and patina.  They were not exceptional, especially in central Pennsylvania’s Amish country but they were genuine items in acceptable condition.  I had three and sold two.  The third one which was the one I personally liked the best became a fixture in my stand for three years.  I eventually marked it down 50% and it still didn’t sell.  The chest became a gift to my mother who was the only one other than myself who seemed to love it.

Fads Fade

Our buying choices often come from the desire to have the latest hottest item.  When Martha Stewart talked about her Fiesta Ware on television the value of the stuff went through the roof.  Before that it was considered dead common and dealers didn’t give it much of a look.  Some people bought it up as parts of box lots and stuffed it away in barns or garages.  When I got into my first antique mall I was probably the only one who didn’t have a shelf full of the brightly covered stuff.  I never did see much of it get sold.  The trend had already peaked and I suspect much of the inventory is back in the barns.

Timing is everything.  It takes a listening ear and good instincts tempered by experience, which takes time, which is everything.  See the circle here?  There are no college degrees in antique marketing, that I know of.  As time goes on you learn that a good solid niche market with customers who are interested in long term collecting is worth far more than a ride on the popularity roller coaster.  Just ask the sellers of Beanie Babies who missed the window of opportunity on that one.

A Costly Business

Capitalism 101: A price that is more than the traffic will bear is bound to put the brake on sales.  Do I really need to belabor this one?  Sell it for more than you paid for it but slightly less than what the other guy is charging.  Competition is good for the soul.

What trips your personal trigger

Probably your interest in some particular thing is at the root of your going into this business.   For me it was furniture.  As a life-long woodworker and student of the history of design I felt that restoring quality antique furniture would be an interesting way to make a living.  That was where I started in antiques.  It was hard to drum up work in the beginning and as I was spending a lot of time at auctions anyway I accumulated a pile of stuff that was interesting to me and looked like a fair bit of inventory for an antique mall stand with eBay on the side.  before long I was selling on eBay with the mall and furniture restoration on the side.

The greatest discovery I made was that the business was an outlet for my own interests flavored by my own tastes.  Some of my interests were aviation, sailing, militaria, books, prints and engravings, tools and scientific instruments.  Before starting the business I was barely aware of some of the sub categories like Victorian trade cards or Tobacco cards.  These subjects called out to me as I encountered them in shops, flea markets and estate sales.  I bought a little at first and found they sold well.  So I took the cue and bought a lot.  If that sounds like it isn’t rocket science it’s because it’s not.

At the same time I was looking at what others in the market where selling and trying to emulate their success.  Sometimes this worked out but at other times it didn’t.  Usually it didn’t work when I was trying to sell purely on the “copying success” formula with things that I didn’t give a rat’s hind end about.  I tried selling glass but I had no love for it and hated cleaning it and worrying over breakage.  It made little sense for me to bother with it.  My girl friend loved the stuff and she took over that end of the business in my antique mall stands.  She did much better with it and enjoyed the profits.

I guess there is a type of dealer who can simply play the antiques game in a coldly analytical fashion like playing the stock market in tune to a clever algorithm.  That’s not me and it’s not most of the dealers I’ve known.  As you ramble about in search of movable goods if you don’t have a passion for an item don’t waste your time on it.  Love the things you sell as much as the things you collect for yourself.  Send them away to good loving homes long before the roots begin to grow.

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eBay Free Listings

8 October 2010

eBay needs you!  That seems to be the message.  One would assume that the current state of the economy is not treating eBay any better than it is treating the stock market.  A persistent theme in these economically challenging time is  that all the devaluing of stocks, companies, commodities and the roof over your head creates a “buying opportunity.”  That is true on the basis of one man’s misfortune is another man’s ca-ching!  It is , however, the basis for a viable economic strategy in today’s world.

The latest opportunity in the world of eBay is yet another free listing period, the biggest one ever.  The online auction is beating the bushes for sellers. From September 28, 2010 until January 7, 2011 you can list items for free—no Insertion Fees, regardless of the starting price of the item.  They must be listed Auction-style with no reserve price. The latest promotion has a cap of 100 listings per month and applies to sellers who do not have an eBay Stores subscription.

There is another promotion for fixed price listings: one cent insertion fees.  That one is a shorter period from October 9 to 15.  I might give that a try as my auctions aren’t doing well.  Hopefully we will soon see the ramp up to the holiday shopping season.  Keep your fingers crossed and find some good merchandise.

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Antiques Between the Pages and Beyond

21 September 2010

When the going gets tough the tough go to the library or the book store.  This has been my motto since childhood.  I was the kid who at the back of the school bus who was called variously Four Eyes, Professor or Book Worm.  I did not like the former.  The second one was acceptable but the latter was a point of pride.  I am an unapologetic reader and lover of books.  This part of my personality directed a portion of my antiques business.

People often say “it’s nothing personal, it’s just business.  However, for me business is personal.  My personality and interests drive me in any business I am involved in.  I love wood and have been a professional woodcarver, I am currently a cabinetmaker.  I worked as a courier for a medical laboratory for 20 years mostly because I love being on the road day after day.  The best part of being a paralegal which I hated because I couldn’t set my moral convictions aside was the opportunity to spend time in law libraries.

The digital age seems to threaten the printing press and bindery.  It may be that paper itself will become a forgotten artifact.   Maybe, I still haven’t seen the paperless office that used to be a sort of techie mantra.  A cashless society won’t surprise me but paper will hang around a little longer.  It is undeniable that print publishing is going to go through more than it’s fair share of changes.  But then it always has.

Format Follows Function

A glossy high quality specialty magazine or coffee table book has little resemblance to a parchment or papyrus manuscript of antiquity.  At bottom they perform the same function.   The sound that emerges from our mouths becomes a part of the past in the instant of being spoken.  it becomes Intangible but still virtual.  It’s preservation occurs not by speaking but by hearing.  Communicating with the written word developed because it froze the virtual and made it actual, able to be understood consistently by all who beheld it.  Well, that’s the theory.  Wars have been fought, fair ladies have been won,  divorces have begun, both evil and good men have risen and fallen,  fortunes won and lost all because of a few words on a document or in a book.  For a prime example read Barbara Tuchman’s The Zimmerman telegram.

Publication has gone from simple scraps of paper to leather bound volumes to slick color covers in perfect bindings.  The various ways of bringing together a collection of pages has served every ages technologies and material resources.  The rate of distribution took a quantum leap courtesy of Mr. Gutenberg.  Lithography brought us into the graphics age.  Offset printing and photography just blew out all the stops.  It’s been a long road to get to the point where ink is not something that can spill and make a mess on your desk.  Ink is just another electronic idea.  Comic books or quantum mechanics, all have spun from analog to digital expression.

This Place in Time

Our chronological vantage point is advantageous to observers of history.  I appreciate the new technologies but still get a warm feeling when I hold a fat volume with calf binding.  Marbled endpapers are high art as are good quality engravings.  Once upon a time people appreciated the craftsmanship in good bindings.  I am not an expert in antiquarian books but I delighted in buying and selling them.  Books also fit my model of niche marketing.  Specialty subjects proved surprisingly profitable. I lucked into a couple of books on slide rules by Isaac Asimov.  They have great collectible value and if you find them in a boxed assortment at a flea market you are sure to get them for next to nothing.  Operations manuals for vintage aircraft have a lively trade amongst people who can afford to pay premium prices.

Of course everyone knows about the high value of first editions.  As a result you usual find them at inflated prices.  The only one I found memorable was in a box lot of children’s books I almost gave away.  It was a first edit ion Dr. Seuss, Cat In The Hat.  It went on eBay for $400.00.  Condition is vital in well known titles but I found that to be less true of books with an esoteric subject matter.  In some cases the content is as collectible as the paper and ink.  Historical data is a commodity unto itself.

Art and books have a long standing relation.  Pre-twentieth century books often have wonderful maps and engravings that are more valuable when separated from the book.  Because of this we have the practice of book-breaking.  Destroying a great old book just to get the prints out to sell individually is a terrible practice.

Books have always been my friends.  They are good company and are always well behaved.  The libraries I have known and the booksellers I have haunted are another subject which I will cover the next time I sit down to share my digitized thoughts with you.

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Vintage Postcards Transport The Viewer To Another Time

17 September 2010

Here is your trivia word for the day: Deltiology, the study and collection of postcards .  Not that it is trivial to the millions of post card collectors all over the world.  Haunt enough auctions buying up odd box lots and you are sure to end up with a collection of old postcards.  Do not take them lightly.  When they arrived on the scene in the 1860’s they were a rather utilitarian item.  They provided a cheap means of communicating a short, informal, message.  Think, the Twitter of the letter writing era.  Later on they became a virtual art and photography publishing medium.  Post cards became collectible in short order and the variety of images gave them an appeal to people with a wide variety of interests.

My favorite postcards have always been the transportation scenes, especially aircraft, ships and trains.  The amount of available material for collecting is unbelievable.  The early real photo postcards form an illustrated history that often includes events or vehicles not well recorded in books.

Cards featuring aviation related subjects may have photos of aviation pioneers or rare experimental aircraft that have become lost to history.

Back when eBay was in full swing in time to a vigorous economy they were a good source of regular sales in the $10.00 to $20.00 range with occasional “oh wow!” surprise bidding wars.  One of the beauties of postcards is that you often get duplications in lots purchased.  On those occasions I kept one copy for my personal collection and sold the other.  It can be a hobby that pays for itself.

Trains are another universal favorite.  They suited early photographers because they were good still subjects.  Quite a few early cards featured train wrecks.

Later on when cameras got better at stopping motion trains were often captured moving through dramatic scenery.   The railroad companies found postcards to be a handy advertising medium.  As a result a lot of railroad history is preserved for both scholars and railfans.

The hunt for old postcards is fun because so many people saved the cards informally. You find them in desk drawers and pigeonholes, in shoe boxes and coffee cans. They appear to have been the number one bookmark of all time.  They often come as part of a stack of paper items perhaps meant to be scrapbook material. You can find some good old advertising items, trade cards, tobacco cards, or small engravings.

It seems like printed cards of all types become handy items to trade.  Barter and baseball cards is practically a rite of passage for American children.  The value of post cards varies widely, naturally, the older the better. Condition counts a lot. It’s not unusual to have messages written on the front of early cards as the postal regulations reserved the back of the card for addresses only.  Tears and bends are what really downgrade a card.

When I started selling collectibles postcards came on to my radar screen along with vintage photographs.  They go hand-in-hand.  So much history was preserved at the same time that it was made accessible to the public.  We take that aspect for granted in the internet age.  At the time postcards were invented America was a largely rural society.  Radio was largely theoretical and the modern marvel of the day in personal transportation was the bicycle; another worthy topic for a post card collection.  You have the advantage to explore a century and more of our world unfolding before you in a handy format that is very user friendly.  Hitch a ride on history and be transported.

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Where is eBay Going?

8 September 2010

I was an eBay seller near the beginning.  I saw it go from a kind of curiosity that fed the popular press with stories of unusual and bizarre items for sale to a a wide open and profitable collectibles marketplace.  Some strange articles offered for sale included a U.S. Navy F/A-18A Hornet jet fighter, a man’s kidney, and Britney Spears’ chewed gum (note the past tense).  At it’s peak a seller could make something like a living wage.  I used it in conjunction with several stands in antique malls and occasional consulting jobs for antiques dealers who were anxious to get a piece of the ebay pie.  Today I can’t help but wonder what has happened to the pie.

The simple answer is, to borrow a political catch-phrase, “It’s the economy, stupid.”  The same economy that has wreaked havoc with everything from blue chip stokes to hog futures has brought us an eBay that seems to be winding down.  In the last two weeks I have sold only one thing and the buyer has not answered his email or paid what he owes.  So the item will wait until such time as the funds arrive.

In conversations with other users I have heard a generally critical tone aimed at eBay itself.  I don’t think that eBay has endeared itself to sellers over the years.  rising fees and more restrictive rules have chased some people away.  Personally I was irked way back when they added the Buy It Now feature.  The auction fever aspect of eBay was part of what  gave me unexpected chunks of cash.  I had no idea what that JFK campaign poster I sold back in 1997 was worth.  I paid two bucks and there seemed llike plenty of gravy left over.  There were JFK poster reprints all over the auction site but none like mine.  By the second day the poster was up to $50.  It top out at $200.  That kind of thing was not unusual but it hasn’t happened to me in a long while.

Once upon a time I used a simple formula to estimate my sales total for the week.  It was simply 10 times the number of auctions listed.  If I listed 30 items I would sell $300.  No science was involved, no analytics or deep thought.  It was what I observed when I first started.  It held for about four years, better around the Christmas season.  There were big dips when Clinton jumped on Microsoft with both feet,  The dotcom “bubble” burst, and when a beautiful morning in September was ruined as airplanes crashed into the heart of America.

Lately eBay seems to be making some efforts to improve the situation with such things as free listing periods.  I guess they have figured out that they  are not a store with their own inventory.  It is the many individual sellers who bring the goods to market.  Furthermore it is the people who know antiques and collectibles that bring the unique and desirable items that make this market exciting.  One more electronic gizmo starting at 99 cents with an overcharge on shipping is not thrilling.  Even if it’s a bargain it is a dead common bargain.  The thrill is in finding something that you don’t see every day or that you can’t by within a days driving distance of home.

Let’s face it there is a lot less loose change in the average American’s pocket in the present day.   Inevitably eBay will scale down.  It looks like it already has.  The company I work for has become leaner and probably yours has too.  Let’s hope our favorite auction site leans itself down to a vigorous marketplace with exciting merchandise that will continue to be worth our time. and effort.

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Flying High With Aviation Collectibles

2 September 2010

Human powered flight encompasses a large area of collecting interest.  Aviation is equal parts technology and romance.  It occupies a small slice of the span of human history but is a defining element of the modern world.  Airplanes fascinated me as a kid who spent many hours in libraries.  I poured over all the books that showed airplanes and explained how they worked.  The magazine racks held Model Airplane News magazine.  I was one of those kids who hung on the airport fence and watched the planes take off.  After high school I got distracted by popular culture but came back to my earlier interests as I got settled into a steady job and home ownership.  I put the necessary time and money into getting a private pilot’s license which was one of the highlights of my life.  Virtually every aspect of Flying, it’s history and continuing development, civilian, military or commercial is part of an ongoing love affair..

The kind of feeling I grew up with for aviation is what makes a collector tick.  A lot of people have that feeling for automobiles, trains, dogs, horses, stamps, coins, you name it.  I have the same thing for sailboats, hence my other blog: Seaward Adventures.  As a dealer in collectible items, buying and selling to make a profit was the main consideration.  Aviation was one of the few areas I collected for myself.  My pride and joy was an assembly of aviator’s wing badges.

When I first started selling collectibles I naturally gravitated toward items that interested me personally.  My interests payed off surprisingly well.  I had stumbled onto the formula that became my business model.  Artifacts that relate to an activity engaged in by well educated people with a passion for the activity and a healthy income to support the activity equals profitability.  Lets face it you don’t see any poor people climbing into a Cessna 172 to go for a hundred dollar hamburger.

The aviation demographic was grown by WWII and the postwar economic growth that allowed many Americans to pursue their personal dreams. My customers were frequently people with good stories to tell.  I always enjoy some good hangar talk which is why my favorite podcast is Uncontrolled Airspace.  Jack, Jeb, Dave and the various other contributors to the podcast are entertaining and educational in a way that makes a pilot feel connected with the flying community.

Some interesting items I have handled in my business or personal collection are:  Pilot’s operating handbooks for various vintage aircraft, early variations on the E6B flight computer, parts for Jacob’s radial engines,  early pilot’s goggles and way too many other items to remember.  I divested myself of all those collections.  I still dabble.  I have a few items on eBay right now.   A recently acquired WWII item was the subject of a previous Adventures in antiquing post.  You may view it at http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=220663480133.

I find that people have fond memories of the aircraft they flew once upon a time.  The old sales literature with full color photos of prosperous young folks traveling cross country on business and pleasure have been good sellers.  I three examples on eBay right now.  See the Vintage Beech Sierra Sales Brochure 1973.

Sales have slowed down a bit because eBay is not a happening place lately.  Aviation itself is feeling the effects of the economic downturn.  Certainly some people will slow down their collecting as they tighten their budget.  Ultimately what sustains the market is passion.  Pin your business model on that

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