Midwest Summer Antiquing Observations

While roaming the Midwest this summer-a few observations come to mind about the current antique climate.
My version of a Top Ten List--

1.  Auctions are well attended--and prices realized are very strong.  There are not as many auctions-probably because fewer people are able to move from their houses due to the housing market slump.  But every auction we have attended this summer has few "bargains".  Dealers have to "go to the wall" for good unusual items.

2.  More and more women "of a certain age" are getting tattoos.  Can't help but smile when I think of what that unicorn and trellis of flowers will look like on that skin on a nursing home resident in a few decades.

3.  While we are on the case--there are too many people who should not be wearing shorts. Really people--didn't your mother tell you to look in a mirror from all sides before you leave the house???

4.  Summer sales and longer days does not necessarily mean that a mediocre antique shop gets any better inventory than in the heart of darkest winter.  Poorly run shops that do no advertising stay mediocre.

5.  Rest in peace Sandwich and Kane County.

6.  Viva La Elkhorn!  Alive and well and thriving.  Good management and clean--always a winner. (next Elkhorn Aug. 14)

7. Stock market volatility storms are being weathered by antiquers better than they were in '08.  Those who have disposable income to buy antiques are continuing to do so.  Thank you America!

8.  Buyers are not afraid to make really low ball offers on items.  We always counter offer and sell 90% of items we give reduced prices on.  But buyers are getting more gutsy with their offers.

9. More antique shows should go to the one day format.  Any one day shows we attend are jammed-and buying has been vigorous.  Two and three day shows are a waste of time and cost dealers precious overhead.  Never underestimate the thrill of "buy it today or the show is over" mentality.  The only winners on two and three day shows are the promoters.  They can charge more in booth rent and the tire kickers still attend on subsequent days.  Ask a few dealers--have a 12 hours one day show and see what happens.

10.  Buyers are out and about this summer in the Midwest.  More shops are folding--but that is still the "market correction" that happens in any industry.  If a dealer's sales are down--the usual indicators should be reviewed--is your merchandise fresh? Accurately priced for 2011 and not 1992?  Same old same old still does not sell.