Many families have heirlooms and such passed down the generations. Overtime, these objects become antiques and accumulate great value. Some people like to keep these antiques in the family, and some prefer to sell it; it is a personal choice.
Antiques may include things like furniture, paintings, jewelry, keepsakes, – anything you could think of. Amongst these is one of the most commonly sought after type of antiques – ancient Chinese items.
There are a host of problems and obstacles associated with selling Chinese and other aged items, altogether. If you have had heirlooms passed down the generations in the family and ever wanted to know their monetary gains, you must have come across some of these problems:
- You are completely unaware of the value
Many people are unaware of the value of old things they have at home; this is absolutely normal. Overtime, the knowledge of the item gets lost along the way because it fails to be passed down or forgotten by the owner.
If you are in such a position, there’s 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.
- You do not know how to sell it
Some people are interested in selling the antiques because of their great monetary value for different reasons. However, they do not know where to sell it, 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 great value. You want to find out more information on it but language is a barrier.
In a case such as this you can always 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.
Being conned is a valid concern and one must always be wary. Get appraisal from only a reputed company.
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 prevalent concern: finding a buyer. While there are many antique enthusiasts, it is a tight knitted 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 in loss.
Additionally, payment is sent back after 1 month in most cases. A highly unfavorable scenario for people who want quick payment.
- Antiques dealer
In theory this is a good option but there are a lot of potential risks involved. 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 ignorance you run the risk of selling your antique at 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 may be anywhere from months to weeks. The lack of instant cash does not make it a very good idea for some.
- 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.