Antique Clock Market Predictions for 2020: Increase or Decrease in Prices?
Antique and Vintage Clock Market: A Buyer's and Seller's Guide
The market for antique and vintage clocks has experienced a significant shift in recent times, with prices trending upwards due to increased demand and the appeal of unique, historically significant pieces. However, it's essential to approach this market with caution and understanding.
Rising Prices and Consumer Interest
The trend of going vintage has gained momentum, leading to rising prices in the antique and vintage markets, including clocks. This movement is driven by consumer interest in sustainable and unique items, exempting antique and vintage goods from global tariffs, placing them in a favorable position compared to new goods [2].
Buying and Selling
Now is a good time to sell antique and vintage clocks due to the increased demand and rising prices. Sellers can capitalize on this trend by offering high-quality, well-maintained items. On the other hand, buyers might find it challenging due to higher prices, but for those looking for unique or historically significant clocks, now could still be a good time to invest, especially if they are willing to pay a premium for quality pieces [2].
Grandfather Clocks
Grandfather clocks, highly valued for their artistic and historical significance, can fetch high prices. They remain popular symbols of tradition and craftsmanship [4].
Caveats and Considerations
It's crucial to note that the term "rare" can be subjective, and the "eBay effect" has challenged this notion, with thousands of similar clocks available online. Additionally, the antique and vintage clock market has been in a downward spiral for some time, with the new generation showing little interest in antiques.
The market conditions and demand play a significant role in clock pricing. Currently, the market favors buyers, with many bargains available, but careful shopping and thorough research are advised. Internet stores can offer their products at a lower cost due to lower fixed and variable costs, but the cost of shipping, packaging, currency exchange, duty, handling, and insurance should also be considered.
Modern homes have limited space for clocks, particularly large ones like grandfather clocks, resulting in low resale prices. It's also important to remember that there is no true "standard" pricing for any vintage or antique clock. Sellers use various metrics to set prices, including auction prices, the condition of the clock, their personal experience, offering clocks at inflated prices for negotiation, and pricing high to attract buyers.
Responsible Buying
Buyers are responsible for checking the quality and suitability of goods before a purchase is made, especially for online purchases. Webster's dictionary defines antiques as objects that are old and collectible. Prices for many fine early American clocks continue to decrease, while high-end and truly rare clocks have managed to retain their value.
In the Canadian market, homegrown companies like Pequegnat, Canada Clock Co., Hamilton Clock Co., Fleet, Forestville, and Snider have seen a decrease in value in the past year.
In conclusion, the market for antique and vintage clocks offers opportunities for both buyers and sellers. However, it's essential to approach this market with knowledge, caution, and a clear understanding of the current trends and market conditions.
Financial interest in the antique and vintage clock market has grown, fueled by a lifestyle trend towards sustainable and unique goods 1. Investing in high-quality vintage wall clocks or grandfather clocks can be a viable option due to the increasing demand 2. However, it's essential to consider the subjectivity of the term 'rare' and be aware of the market's recent downward spiral, particularly for smaller and new-generation buyers [3]. Additionally, careful research and consideration of shipping costs, market conditions, and item conditions are crucial when buying antique or vintage clocks, especially online 4.
[3]: Personal-finance, Home-and-garden
