Financial Advice for Retirement, Social Security, IRAs and Estate Planning

The Great Antiques Bust

March 12, 2018

Prices for many antiques are way down, and could have farther to fall, according to this article. In fact, it appears that many “antiques dealers” have changed their businesses entirely and not dealing at all in older items. This article has some theories about why this happened.

Even New York’s prestigious Winter Antiques Show has changed its rules. Founded in 1955, the show once required that exhibited pieces be at least 100 years old. In 2009, the organizers and dealer committee changed the cutoff date to 1969 to include midcentury objects. In 2016, they removed the date restriction entirely, paving the way for contemporary design.

“By expanding the datelines we were registering changes in the antiques world,” said Michael Diaz-Griffith, the fair’s associate executive director. “We’re just allowing it to happen instead of being so rule-bound that we create an artificial zone where those market shifts, and shifts in taste, can’t be seen.”

 

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