Asheford Institute Of Antiques - Antique & Appraisal Home Study Course
  • Home
    • Contact Us
    • Privacy Policy & TOU
  • The School
    • About The School
    • About Us
    • Student News
    • Articles From The Founder
    • Student Essays
  • Course Prospectus
    • About Our Course
    • Asheford "e-Course"
    • Course Outline
    • Starting Your Own Antiques & Vintage Business
    • 15 Teaching Aids
  • Become An Appraiser
    • Become An Antiques Appraiser
    • USPAP Testing & PACC
    • AIA Appraisers - National Columnists
    • Conducting Estate Sales
    • 2018 Survey Results
  • Course Tuition
    • Tuition Payment Plans
    • International Students
    • Asheford News-Ticker Headlines
    • Our Top Web Picks
  • Course Enrollment
    • Enroll
    • FAQ's About The Course
    • Student Testimonials
    • Articles About Asheford

Brexit A Boost For U.S. Antiques Buyers...

7/7/2016

 
Picture
The European market may be awash with uncertainty these days, but the one thing that isn't is the cost of buying English antiques with U.S. dollars. 

As the final poll numbers came in for Britain's referendum on whether or not to leave the European Economic Union, the British pound began to drop precipitously against a number of world currencies - most notably the U.S. dollar - a standard safe-haven for deposits in times of uncertainty. The strong overnight rise in the value of the U.S. dollar against the British pound had a number of repercussions worldwide, but none more immediate than the effect it had on online antique and collectible auction sites in England (and in Europe to a somewhat lesser extent).

The discounted conversion rate for items purchased through UK based online auction houses who conducted sales in pound sterling was immediate, with buyers overseas, particularly in America, suddenly finding themselves with an instant 10% off at checkout. But they weren't the only companies having to deal with market forces that were out of their hands, as many of the UK's top online antiques retailers were also hit with diminishing returns on non-auction items as well. As one high-end antiques dealer in London's tony Knightsbridge area put it, "Buyers in the U.S. are not only getting 10% off from the world markets, but we're throwing in another 20% discount of our own, just because of all the uncertainty of where this is heading."

Those currently shopping in the UK for container loads of antiques and collectibles to bring back to the U.S. could be the biggest winners of all. David Smith, an importer of English and European antiques from Wisconsin for over 30 years, said he's never seen a buying opportunity like this, "These types of big devaluations in currency rarely come along in first world nations, so when they do, you have to be ready." Smith says he's already contacted his buyers in England, and plans to be there before weeks end.

The near-term economic outlook for the UK remains uncertain, which is likely to keep the British currency depressed for some time to come. So, if you've been hankering for a trip across the pond to pick up your favorite Chippendale chair or Sheraton sideboard... then now may be the perfect time to set sail with "greenback" in hand!


    A.I.A. Staff

    We're providing our students and reader's with the latest breaking news on events and happenings that we think might be of interest to both collectors and dealers alike. Including changes within the world of antiques, vintage, collectibles and appraising that might just have an effect on your bottom line. We're also interested in hearing from you - so if you've got a great newsworthy story, let us know, and you just might find it here!

    Archives

    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    September 2018
    July 2018
    June 2018
    May 2018
    April 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    December 2016
    November 2016
    September 2016
    July 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    June 2015
    January 2012
    January 2010
    October 2009
    November 2008

    Categories

    All
    Record Prices

    RSS Feed

    BlogrollCenter.Com
    Academics

Free Prospectus Book

Picture
To receive your free hard-copy Prospectus Book about the Asheford Program (or to ask us a question), Click: FREE BOOK

Social Media

Picture

To Contact Us

Picture
Admissions Office & Information Hotline
Toll Free: 877-444-4508
Fax 705-645-2380
Web Page Form: Contact Us

​
email: Admissions Office info@asheford.com

US Offices:
Asheford Institute of Antiques
981 Harbor Blvd, Ste. 3, Dept. 275WEB
Destin, FL USA 32541-2525

Canadian Offices:
Asheford Institute of Antiques
131 Bloor St. West. Suite 200, Dept. 124WEB Toronto, ON
CANADA M5S 1R8
T. 705-645-5589

Our Friends & Awards

Picture
"International Antiques & Arts Society"
Member & Award Winner

Picture
"Antiques & Collectibles National Association"

Picture
"Association Of Restorers"

Picture
Picture

  Home  | The School |  Course Prospectus   | Course Tuition & Fees  | About Us |  FAQ's About The Course   |  15 Teaching Aids   |  Course Outline   | News Articles About Asheford   |  Student Testimonials    |  Student News   |  Student Essays   |  Articles From The Founder   |  New e-Course  |  Our Top Web Picks | Become An Appraiser | Start An Antiques Business  |  Conduct Estate Sales | Contact Us  | Privacy Policy  | News Ticker Headlines | International Students  | AIA Appraisers Join Antique Trader  |
Copyright© 1994-2019 Asheford.com. All rights reserved.