Garage Sale Errors Can Cost a Fortune - $480,000 Antique Mistake
According to James Massey, Publisher of WhatSellsBest.com. Something many garage sale sellers fail to do, can end up costing them a fortune. In one reported case, more than $480,000.
Massey states; “Because many garage sale sellers often fail to do a pre-sale check of the values of their older items online. It’s not uncommon for a high value antique or collectible, to end up being sold (at the garage sale) for pennies-on-the-dollar.”
One seller undoubtedly wished they’d done a pre-sale check, before selling an antique table for $25 to a woman attending their garage sale . Years later (PBS) ’Antiques Roadshow’ appraised the table for her at $250,000, and several months after that, she sold the table at auction for $490,000.
According to Massey, one of the best ways to find out if you own a high value antique or collectible is by researching it online. Stating; “There are a number of free resources that will allow anyone to get a general sense of the ’market value’ of most items, by comparing them to the prices of similar items recently sold at auction.”
To see the free resource links mentioned, and find out how to get a free auction estimate (for rare items) from some of the worlds largest auction houses; visit WhatSellsBest.com (click on the ’Free Auction Estimates’ tab)
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