Category Archives: artwork

The 5 Types of Items Worth Holding Onto

Items-That-Will-Be-Worth-More-in-the-Future-750x485

This week we share a post by Brian Graves from Everything But The House (EBTH). This post first appeared on NextAvenue. 

Determining which collectibles have the potential to increase in value has changed drastically over the past 20 years. With the introduction of e-commerce, items once believed to be rare were made available en masse. And with previous generations of collectors in a position to divest their prized possessions, the forces of supply and demand may have never had a more profound impact on collecting.

For centuries, there were cyclical styles of items that could be acquired when they were out of favor with the knowledge that eventually they’d come back in vogue. It’s why you hear some furniture styles described with the term “revival” after their name (there was the original period and then the period where they were revived).

So, what makes something popular and worth holding onto? Well, as the founder and Chief Learning Officer of the estate sale company and auction platform, Everything But The House (EBTH), I’d say it’s the herd mentality. When I started collecting in the 1990s, the predominant design themes in the average American home included Southwestern patterns in pastel tones (mauve, teal, peach) and traditional furnishings with Grecian patterned upholstery in burgundy, gold, and hunter green. At the time, Midcentury Modern furnishings were only starting to regain a following. I recall pulling a pair of DUX Midcentury Modern chairs out of the garbage and proudly sold the pair at a show the following weekend for $150. If I had known then what I know now, I might have held out for more.

My point is that by the time you know something is in demand, it’s often too late. Therefore, in order to know what might be worth holding onto, you have to be able to do something most of us can’t: see into the future. Still, there are five keys to knowing which possessions offer promise:

1. Items that are either one-of-a-kind, handmade by a skilled artist or craftsperson or made in limited quantities will always be in demand. For instance, curating an art collection of living artists can be a good investment strategy. But not always. So pair this rule with the following three points: 1) Buy the art to enjoy it. 2.) Don’t invest more than you’re comfortable losing. 3.) Diversify.

2. Items made of high-quality materials by notable firms will always have an audience. Names like Hermès, Chanel, Tiffany and Cartier get collectors to pay closer attention. They’re like buying blue-chip stocks. These firms have stood the test of time and shown they have what it takes to maintain consumer interest, even if that means reinventing themselves. The items won’t necessarily appreciate in value, but they are much less likely to depreciate if kept in good condition.

3. Other collectibles to consider are ones that remind us of our youth. Once a generation reaches middle age with disposable income (usually older than 35), they tend to collect objects that remind them of their yesteryears. This transcends categories and applies to toys, books and even vehicles. For instance, in recent years, He-Man action figures from the 1980s have appreciated to values exceeding even earlier generations of toys such as G.I. Joe figures from the 1960s.

But the timing on the sale of these types of objects is critical. A rule of thumb: consider selling nostalgia items 25 to 35 years after they originally became popular. It’s important to note that the earliest editions —produced in limited quantities before the category became popular enough to justify increased production — command the highest prices.

4. Consider holding onto items connected to unique events or people in history but that were intended to be discarded. These are often referred to as ephemera. The key here is that the item must be one-of-a-kind or hard to come by.

For example, many people held onto newspapers reporting the assassination of President John F. Kennedy and the moon landing, so they’re not rare and therefore not valuable. But if you held onto an early promotional poster for The Rolling Stones from the same timeframe, you would have more than enough to pay for a nice vacation after selling it.

5. Another category to consider: objects that have a tangible value based on what they’re made of. Precious metals such as silver, gold, and platinum all have an associated market value, which is readily identifiable and allows for immediate liquidity. Antique or high-quality examples of these objects can often have values worth two to 10 times the value of the precious metal itself or even more. But profiting from less desirable, and more common, examples — such as bullion coins or damaged serving pieces — depends on the current price of the metal. Silver, for instance, is currently worth about 1/3 what it was in 2011, but that’s still about three times as much as in 2001.

So what would I recommend keeping that might be worth more money down the road? Well, nothing really. You should only hold onto something if you love it, use it and have a place in your home for it. Be careful not to become too hung up on hanging onto collectibles in the hopes they might go up in value, especially if you don’t have the space for them. Most collectibles fall out of favor in time. My advice: be cautious about holding onto items which create clutter and cost money to store and care for, coupled with no guarantees.

If you want to get a glimpse into which types of objects people are most interested in collecting today, click here to see the most followed objects at my company’s site, EBTH.com.

by Brian Graves July 20, 2017

Brian Graves is founder and chief learning officer at Everything But The House (EBTH), where he uses his extensive knowledge of history, antique valuation and authentication to help maximize value for clients. A longtime collector and a graduate of the Mendenhall School of Auctioneering, Brian founded EBTH in 2008 with Jacquie Denny, after years spent buying, refurbishing and reselling antiques in his spare time.

EVERYTHING BUT THE HOUSE (EBTH) is the only online estate sale company that combines high-touch customer service with the reach of an e-commerce site. Their full service model— photography, cataloging, payment and delivery – makes the entire process of planning and managing an estate sale easy and seamless.

 

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Filed under artwork, Decluttering, downsizing, Garage, Guest Experts, Moving, Perspective

Tackle Messy Build-Up With Your Kids This Summer

organizing crafts

Everyone with kids knows that they typically come with lots of STUFF. And somehow it keeps coming in…if you have more than one kid the challenge is even greater.

This buildup is natural. More than any other time of life, the very nature of childhood is about growth and change. Your child’s abilities, interests, and sizes are constantly evolving  – and all the toys, clothes, learning materials change along with them. And young ones are magnets for toys and gifts from relatives.

This means if you aren’t keeping a constant vigil on moving out outgrown items (and how many of us are, really?) you’ve likely got some backlog of unused and unneeded kid stuff.

If your kids have a little more time at home during the summer, take advantage of that to do some weeding.

Break It Down

You’ll have a better chance at success if you focus their attention onto one category of stuff at a time. A general request to “clean out the playroom” isn’t going to get them very far. But a specific request to gather up all the DVDs and choose the ones they love to watch is much easier to get follow through on.

If you divide up the project into categories you’re teaching an important skill about grouping “like items” together.

Put out a big bag or box and have the kids weed some or all of these groups:

  • Board games
  • Clothes that don’t fit (can even break this down by type – tops, pants, jackets)
  • Sports equipment
  • Craft supplies
  • Art projects/ drawings
  • Books
  • DVDs, video games
  • Electronics
  • Toys (you can break this category down by type – electronic, stuffies, dolls)

Create a System and Motivate

Sometimes it’s easier to decide what to keep, rather than what to let go of. Clearly labeling 3 bags or boxes – KEEP, MAYBE, DONATE/SELL can help. Let your family know it’s like going shopping for things they love within our own collection. This helps kids get in touch with making conscious choices about what they really use and like.

Motivation strategies to get them going:

  • Help them visualize the end result – more space to play with their favorite items
  • Use a timer to bound the work
  • Offer incentives or rewards – a movie night after clearing out unwanted DVDs for example.
  • Create a contest or game around who can purge the most 

Enlist Help

If you’re paying for a babysitter or childcare, enlist their help to tackle 1 category a day. Even as little as ½ hour each week spent on weeding will go a long way to staying ahead of the next influx of new gifts or purchases!

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Filed under artwork, children, Decluttering, General Organizing, Kids, Reduce/Recyle/Reuse, Strategies