How Low Will Market For Antiques Go?
The market for antiques has been going through some significant changes in the past 25 years. In some cases, modern art forms are overpowering the old and antiques. The vast difference in price between them is also an issue. To have a better idea about the market for antiques, we must first trace back their historical past.
The Market Of Antiques In The Past
In the past days, there were two parts of the trade: wholesale and retail. Along with that, there were also some inter trading and peripheral trading going on throughout the market. The traders owned and controlled the wholesale market. These traders used to accumulate antiques in large amount from different warehouses. The main supply came from auction houses that the house clean operators supplement. The wholesalers bought antique goods from other wholesalers as well. The wholesalers supplied their products to a large number of people from different countries. It includes the USA, Europe, Australia, Canada and the far east. Vast quantities of antiques were sent to these destinations. At times they also organized different fairs where they displayed a wide variety of .
The retail market also occupied a prominent position along with the wholesale market. The retailers owned private shops in towns and cities wherein they sold their goods. The primary supply to the retail market came from wholesalers, private sellers and auction houses.
Change In The Structure Of The Antique Market
The significant change in the market of antique was a result of the 9/11 attacks. The US demand considerably reduced. It was the US goods that dominated most parts of the entire market for antiques. This unexpected downfall of the US market marked a significant change in the antique market. was when the price of valuable antiques started declining. Apart from that, the shifting interest of the people from traditional to contemporary art forms also has its contribution.
With the popularity of the internet, the antique market suffered significant setbacks. The TV interiors also affected the price and value of the antiques. The coming of the internet completely changed the scenario of the antique market. The internet is a large market that can supply customers in any part of the world. It was simply impossible with offline stores and markets. They could not compete with the massive demand of the internet.
The internet market provided discounted prices of the goods. It was a master strategy. You can get enough information about the products on the internet. But it can never impart the knowledge and experience of a dealer. The details from the internet are not very reliable. The online seller is more money-oriented. They do not try to go deep into the historical importance of the antiques.
The Market For Antiques Today
The antique market is no longer the same as it used to be in the past. The number of antique shops has also reduced. Most of the retailers now prefer going for the internet to sell their products. It has also lowered the overall quality and value of antiques all over the world.