On February 16, 2025 By newsroom Topic: Shopping Skills
Auction Houses
- Best For: Valuable antiques, fine art, and collectibles in mint condition.
- Tips:
- Attend auctions to learn about specializations and promotions.
- Document items with photos and details like maker, restoration, and history.
- Negotiate fees; commissions range from 20–50%.
- Use reserves sparingly, as unsold items might incur fees.
- Find Help: Use resources like the National Auctioneers Association website.
Consignment Shops
- Best For: Designer clothing, accessories, and jewelry.
- Tips:
- Schedule an appointment to show items; consignment shops often keep 50%.
- Ask about unsold item policies (e.g., price reductions, donations).
- Check contracts for details on lost/stolen goods and payment schedules.
- Online Options: Consider platforms like TheRealReal, Rodeo Drive Resale, or Linda's Stuff for high-end fashion.
Online Sales
- Best For: Electronics, sporting goods, clothing, collectibles, and one-of-a-kind items.
- Tips:
- Use platforms like eBay or Amazon for easy shipping; Craigslist for heavy items.
- Research pricing using completed listings on auction sites.
- Keep descriptions concise and transparent about item conditions.
- Investigate fees; eBay and Amazon charge listing and sale fees.
Yard Sales
- Best For: General household items, including broken electronics (for parts).
- Tips:
- Skip pricing; let buyers make offers.
- Advertise on Craigslist, Facebook, and local forums.
- Host sales early on Thursday/Friday to target commuters.
- Be friendly and vigilant—lock your house and avoid large bills.
When to Get an Appraisal
- Best For: Items worth $1,000+ or if unsure of an item's value.
- Tips:
- Professional appraisals cost $100–$300/hour; ask for a ballpark estimate if unsure.
- Use associations like the American Society of Appraisers for qualified professionals.
Pro Tip: Document your items thoroughly and research your selling options to maximize returns.