Many families have heirlooms and such passed down the generations. Overtime, these objects become antiques and accumulate value. Some people prefer to keep these antiques in the family, and some prefer to sell.
Antiques may include items such as furniture, paintings, jewelry, and other keepsakes, - anything you could think of. Among these are one of the most commonly sought after type of antiques - ancient Chinese items.
There are many problems and obstacles associated with selling Chinese and other aged items. If you have heirlooms that have been passed down through generations in the family and want to know their monetary gains, you may have come across some of these problems:
> YOU ARE COMPLETELY UNAWARE OF THE VALUE
Many people are unaware of the value of old items they have at home; this is completely normal. Overtime, the knowledge of these items get lost because it fails to be passed down or forgotten by the owner.
If you are in such a position, there is no need to worry. There are many ways to know about the worth of your antique.
Contacting an expert in that area is a great idea. You can also buy books or search at the local library. Particularly for Chinese antiques, you can just get in touch with industry specialists at BuyChineseAntiques.com.
> YOU'RE NOT SURE HOW TO SELL IT
Some people are interested in selling the antiques because of their monetary value or for different reasons. However, they do not know where to sell it or how to sell it. The antique can become a burden to bear for the owner especially if it occupies a lot of space.
> YOU DO NOT KNOW WHAT THE CHINESE INSCRIPTIONS MEAN
Somewhere along the lineage, one of your great-great-great relatives must have travelled and bought a Chinese souvenir. Since then it has been passed down the generation and accumulated value. You want to find out more information, but there is a language barrier.
In this case, we encourage you to get in touch with a company like ours. We will give you all the information you need.
> You are afraid of being conned
Unfortunately for many, this is a big concern. Hiring the wrong dealer can mean a great loss for you. You could be given the incorrect information and end up selling your antique for half its worth. The buyer on the other hand could have made a profit of thousands of dollars.
You may be interested in knowing we provide free professional appraisals for all manners of Chinese antiques - right at your doorstep.
> You do not have a buyer
This is perhaps the most common concern: finding a buyer. While there are many antique enthusiasts, it is a tight knit community and finding an interested buyer can be difficult. Moreover, sometimes you have to search for a long period of time.
Options for selling your Chinese antique
When it comes to selling, an antique owner has the following options each with its pros and cons:
Auctioning is excellent choice for getting good prices for your item. The biggest drawback, however, is the commission that goes to auction houses. the figures can be anywhere from 30% to 50%, leaving the owner with a loss.
Additionally, payment is received after 30 days in most cases. A highly unfavorable scenario for people who want quick payment.
> Antiques dealer
In theory, this is a good option, but there can be many potential risks. For instance, many dealers do not have sufficient knowledge. Your dealer might not know a lot about the Chinese object you are selling. Due to this, you run the risk of selling your antique at a low price.
On the other hand, your dealer might con you by giving you wrong information and sell the piece to someone with a profit of over 100%. In the end, you will be at a loss.
Avoid such undesirable circumstances by only contacting trustable dealers.
> Consignment store
These provide you the opportunity to display your materials until someone buys it. You could opt for it but consignment stores usually charge up to a 50% commission. Waiting time can be anywhere from months to weeks. The lack of instant cash does not make it ideal for certain sellers.
> Estate sales
Estate sales sell items very cheap. Your great-great-great grandmother's porcelain could be sold for extremely disappointing prices.
The options above are not always suitable. All have their pros and cons, but the chances of not getting your antique's worth are great and that is why we are here for you.