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How To Sell Antique Jewelry ?
Dear Friends,
I would like to know how to best sell Estate Antique Jewelry. I have some pieces from the late 1800's. Other pieces from the early 1900's. And some from the mid-1900's. They are made from 9, 12, and 14K gold, and some crudely-cut diamonds. I locked into Ebay, but I found nothing comparable being sold on Ebay. I checked with the neighborhood jeweler, but I felt he is not sincere. Auction houses came to mind. A friend told me that it would be best if I take this stuff and sell it in New York. Please let me know what you think. Best Regards, Talal |
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#2
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How To Sell Antique Jewelry ?
"Talal Itani" wrote in message ... Dear Friends, I would like to know how to best sell Estate Antique Jewelry. I have some pieces from the late 1800's. Other pieces from the early 1900's. And some from the mid-1900's. They are made from 9, 12, and 14K gold, and some crudely-cut diamonds. I locked into Ebay, but I found nothing comparable being sold on Ebay. I checked with the neighborhood jeweler, but I felt he is not sincere. Auction houses came to mind. A friend told me that it would be best if I take this stuff and sell it in New York. Please let me know what you think. If you were in the UK you could sell it in just about any of the larger 'fine art' type auction houses and get a fair price. As you're in the US, and I gather that stuff like this doesn't sell that often there, then you should send it to Sothebys or one of the other big auction houses in New York. If they send it back saying 'I'm afraid we don't handle items of this nature' then it isn't worth a great deal. On the other hand if you get a letter back saying 'We would be delighted to act for you in this matter' it's almost certainly worth reasonable money. You'll pay a major auction house about 20% of the winning bid. As dealers work on a typical 100% margin you will usually do better with an auction house if the item is worth a substantial amount. -- William Black I've seen things you people wouldn't believe. Barbeques on fire by the chalets past the castle headland I watched the gift shops glitter in the darkness off the Newborough gate All these moments will be lost in time, like icecream on the beach Time for tea. |
#3
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How To Sell Antique Jewelry ?
Talal Itani wrote: Dear Friends, I would like to know how to best sell Estate Antique Jewelry. I have some pieces from the late 1800's. Other pieces from the early 1900's. And some from the mid-1900's. They are made from 9, 12, and 14K gold, and some crudely-cut diamonds. I locked into Ebay, but I found nothing comparable being sold on Ebay. I checked with the neighborhood jeweler, but I felt he is not sincere. Auction houses came to mind. A friend told me that it would be best if I take this stuff and sell it in New York. Please let me know what you think. Best Regards, Talal Take it to a jeweler in your area that sells estate jewelry and see if they are interested in selling the pieces on a consignment basis, perhaps? If your going to sell it yourself have a paid appraisal done and try to get 1/3 of that. Estate jewelry is a niche market, with the biggest demand being for 18 & 22k pieces, 14k sells as well, but most 9 & 12k sit unsold for years even at low prices. Jewelry is one of those things that appraises far beyond the market value of the sum of it's parts. For example: Last I bought an 18k setting I bought it by weight 6.5 grams @ $12 gram. To that I added a 15ct. round amethyst, pulled from an estate 12kt ring, the 12kt am. ring was $110. I sold the setting for scrap got about $15 for it. So I have a $95 stone in a $78 18kt setting, plus my jewelers labor of $80. My cost $253, appraised value $1250. Chances that it's worth the trip to New York, unless you are nearby or going there anyway isn't great. Jeweler's I know go to NY to buy estate jewelry, come back and turn a profit on it, typically they pay about 1/3 of retail there buying at auction or in the diamond district. Guesstimate you'd land about 1/6th of retail value taking it to New York. Jessica |
#4
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How To Sell Antique Jewelry ?
Jessica V. schrieb:
Talal Itani wrote: Dear Friends, I would like to know how to best sell Estate Antique Jewelry. I have = some pieces from the late 1800's. Other pieces from the early 1900's. And= some from the mid-1900's. They are made from 9, 12, and 14K gold, and some= crudely-cut diamonds. I locked into Ebay, but I found nothing compara= ble being sold on Ebay. I checked with the neighborhood jeweler, but I fe= lt he is not sincere. Auction houses came to mind. A friend told me that i= t would be best if I take this stuff and sell it in New York. Please le= t me know what you think. Best Regards, Talal =20 Take it to a jeweler in your area that sells estate jewelry and see if they are interested in selling the pieces on a consignment basis, perhaps? If your going to sell it yourself have a paid appraisal done and try to get 1/3 of that. Estate jewelry is a niche market, with the= biggest demand being for 18 & 22k pieces, 14k sells as well, but most 9= & 12k sit unsold for years even at low prices. Jewelry is one of those things that appraises far beyond the market value of the sum of it's parts. For example: Last I bought an 18k setting I bought it by weight 6.5 grams @ $12 gram. To that I added a 15ct. round amethyst, pulled from an estate 12kt ring, the 12kt am. ring was $110. I sold the setting for scrap got about $15 for it. So I have a $95 stone in a= $78 18kt setting, plus my jewelers labor of $80. My cost $253, appraised value $1250. =20 Chances that it's worth the trip to New York, unless you are nearby or going there anyway isn't great. Jeweler's I know go to NY to buy estate jewelry, come back and turn a profit on it, typically they pay about 1/3 of retail there buying at auction or in the diamond district.= Guesstimate you'd land about 1/6th of retail value taking it to New York. =20 =20 Jessica I don=B4t know the market in USA however in Germany/Europe estate jewelry= is=20 easier to be sold via fixed price appraisal than in Auction houses. Somet= imes=20 it takes one Year until a rare item is sold, some are sold within 3 mont= hs.=20 That depends. In an Auction it may happen that the item is sold within the first 5 minu= tes=20 for a very low price. This is a big risk - i think. With best regards, Heinrich Butschal --=20 Estate Jewelry http://www.schmuck-boerse.com Famous antique Jewelry http://www.royal-magazin.de Goldsmith signet rings http://www.meister-atelier.de Firmengeschenke und Ehrennadeln http://www.schmuckfabrik.de |
#5
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How To Sell Antique Jewelry ?
"Heinrich Butschal" wrote in message ... In an Auction it may happen that the item is sold within the first 5 minu= tes=20 for a very low price. This is a big risk - i think. In UK auction houses the house will put a reserve on the item for you based on their valuation. This is usually about 60% to 70% of their evaluation of the retail value. No penalty attaches if the item doesn't sell, it just comes back to you... -- William Black I've seen things you people wouldn't believe. Barbeques on fire by the chalets past the castle headland I watched the gift shops glitter in the darkness off the Newborough gate All these moments will be lost in time, like icecream on the beach Time for tea. |
#6
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How To Sell Antique Jewelry ?
William Black schrieb:
"Heinrich Butschal" wrote in message ... In an Auction it may happen that the item is sold within the first 5 minu= tes=20 for a very low price. This is a big risk - i think. In UK auction houses the house will put a reserve on the item for you based on their valuation. This is usually about 60% to 70% of their evaluation of the retail value. No penalty attaches if the item doesn't sell, it just comes back to you... Here in Germany and Austria the reserve of Jewelery items is mostly 25-40 % of the retail value. With best regards, Heinrich Butschal -- Estate Jewelry http://www.schmuck-boerse.com Famous antique Jewelry http://www.royal-magazin.de Goldsmith signet rings http://www.meister-atelier.de Firmengeschenke und Ehrennadeln http://www.schmuckfabrik.de |
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