The recession can be felt by jewelry sellers on eBay and the Internet. I belong to a vintage jewelry seller’s group and everyone sees a drop in their sales as a result of the recession. I have documented a drop in the average dollar amount per item I am receiving on eBay sales these days. I’m not complaining….it’s just something I have to live through until things get better.
The 1950s-1960s Winard signed gold filled cameo and matching clip earrings featured above sold this past week in my eBay store for $9.99. A heart-breaking price for me to accept, especially since a set like this would have sold for $45-50 this time last year. There are definitely bargains out there for people still buying.
Surprisingly, the competition among resellers at antiques auctions for jewelry continues to be strong in my area. Sometimes I see resellers purchasing jewelry at higher prices than I can resell it for. Either they know something I don’t or they’re not very smart. Also, winter seems to bring out people who are desperate for more stock when the pickings are slim in the cold weather months.
In my opinion, the market will continue to be depressed for a while. I think that some sellers will not survive the recession. Those who can hang on will be the sellers who already had strong customer bases and sufficient capital to survive the down times.
There is a type of man you’ll see at an antiques auctions who are 100% guaranteed to annoy me. I call these guys the “Gold Diggers”.
There are some Gold Diggers who have been doing it for a long time, way before gold prices shot up. They don’t bother me because they know what they are doing. It’s the other Diggers who bother me — the bandwagon jumpers who have begun speculating since gold shot up in value.
Gold Diggers can be spotted two different ways. First, they will always have a jeweler’s loupe with them. They crowd the tables of goods and meticulously examine each piece of gold colored metal within sight. I’ve nearly guffawed out loud when watching a man check out a 1970’s Sarah Coventry Austin Powers style swinger’s pendant necklace in goldtone. Obviously these guys don’t know costume jewelry.
As a person who specializes in costume jewelry and looks at jewelry all day long, I can pick out real gold from a distance. That’s because finding a piece of gold in my costume jewelry is like finding a little surprise treasure. (OK, maybe I’m a little bit of a Gold Digger in my heart). I’m like Rainman in the toothpick scene of the Rainman movie. Thrown a pile of jewelry on the floor, and I could spot the tiny gold pin in there within fourteen seconds.
The other way to identify Gold Diggers are by the small digital jewelry scales that they carry with them. I’ve been to auctions where the bidding had to be suspended while a Digger weighed the item and calculated how close to the bone he could cut his bid. Don’t you think he could have done this before the auction started?