If you have made the decision to sell your art or antiques, then there are several ways in which to do it. We have separated this into subheadings to help you choose the right option for you. Remember, if you thought selling was the only option, you can contact Borro on 1-888-519-1552 to arrange a secured loan against these valued assets, with no credit checks and reasonable short term APR rates.
Selling Art & Antiques
When it comes to art and antiques, there are just so many categories, from impressionist paintings to contemporary portraits and pottery to glassware, commemoratives and even toys. This means there are numerous specialist sellers and dealers - just see this list of departments at Christie's auctioneers to gain an insight. Before you do anything, you should have your items properly valued. While some experts will charge for this, Borro offer an expert appraisal service and will even courier the item to our team of art and antiques experts. In the meantime here your selling options:
This is where you can agree a sale with individuals not necessarily tied to any dealership, antique shop or auction house, such as private collectors or members of the general public. This is a great way of making sure who your item goes to, particularly if it holds sentimental value and you do not necessarily want it to be sold to the first bidder. Conversely, by approaching certain individuals, you are limiting your audience and in doing so potentially missing out on a better offer, also leaving less room for negotiation.
Auction houses offer a great platform from which to offload your art & antiques because they attract a large audience, give your items advertising exposure in advance and, should there be more than one interested party, can help your item exceed its estimated value. However, there are drawbacks - the average waiting time is usually 2-4 weeks, but should your item fall within a particular specialist category such as ‘Royal Commemoratives' then you may have to wait months to see the antique(s) or art come to auction. If you need to get hold of cash quickly, you can always use Borro to value your items and obtain a loan within 24 hours, getting your money and selling the item, without the long wait.
Similar to using a broker, you can target a certain shop/specialist dealer to sell an item for you. In doing so, you are supporting local businesses as well as choosing the situation/market/clientele to which the antique will be sold. However, you will not be paid immediately. Normally funds will not be released until the item has sold, at which point the vendor will take a consignment fee in commission - usually 15-30%. This can also be arranged online via an online antique shop.
Car Boot/Garage Sale
Generally, this is a fantastic place to bargain hunt and an unwise place to sell. People at car boot sales are not necessarily experts in a field and therefore are more likely to be looking for bargains than specialist items. You would be doing yourself a disservice to sell anything of value here.
Online markets (e.g. eBay)
Online markets, such as eBay, provide what is probably the quickest way of selling your item. You might also try Etsy which focusses on arts and crafts and would be particularly suitable for vintage/antique items. Having said that, if you are looking to sell purely due to temporary financial hardship, we would recommend you consider taking a loan against the item in question, where rates are low, loan periods are short, and no credit checks are needed. To find out more call Borro on 1-888-519-1552.
If you do decide to sell and go down the eBay route, you run the risk of people not paying and/or your item not selling. In this case, you will have to continue to pay insertion fees until the item sells. On the other hand, people can bid for your item in the same way as at a real auction house, pushing the price of your item(s) up. This also opens up your item to the widest possible audience (worldwide) and is very easy to set-up.