I went to an auction yesterday at the Preble County Fairgrounds in Eaton, Ohio, known as the birthplace of Swine Improvement in America. No swine were visible yesterday. The crowd included farmers, townspeople, and the same old antiques dealers and gold buyers whom I see at every auction in Cincinnati.
There was so much to sell that it filled two large rooms inside the fairground buildings. I love auctions like that because it usually helps keep prices down when there is an abundance of goods. Yesterday, though, auction bids were surprisingly high….apparently the recession hasn’t hit Eaton, OH. There were at least 200 ziploc bags of jumbled vintage costume jewelry for sale. I competed against one particular guy in overalls (!) and paid dearly for about 20 bags.
There was half of a room dedicated just to sewing supplies. In boxes of supplies, I would see a bakelite clip here and a bakelite clip there. I intended to stay and bid on these boxes but eventually ran out of time.
My best purchase was a 1970s Lanvin signed colorful enamel pendant necklace. Very Pucci looking. I hope to list it on eBay sometime next week.
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.