Markets Continue To
Grow And Coalesce...
Florida - It wasn't that long ago that expressions such as this would have caused bewilderment to most antique and appraisal experts. However, the term "vantiques," along with other hybrid expressions, has now become almost commonplace amongst today's antiques and collectibles literati.
An apparent marriage of the words vintage and antiques, the term almost single-handedly captures and reflects the ubiquitous and sweeping changes occurring within the current antiques and collectibles marketplace. Not only does the term appear to incorporate antiques, collectibles and vintage items into its lexicon of meaning, but it also seems to encompass such peripherally related period and design expressions as, retro, shabby chic, and "post" mid-century modern under its ever-widening umbrella as well.
Gone are the simple two-tone days of "antiques & collectibles" categorization. The old standard black-and-white descriptor, so commonly used by the decorative arts community of the past, has now been replaced by a variety of more inclusive industry-related headings, which appear to be aimed at portraying a more accurate and representative depiction of the types of items that both buyers and sellers are looking for in today's marketplace.
Reflecting this change further, a comprehensive survey conducted by staffers here at the A.I.A., also indicated that vantique-style stores have been gaining in popularity recently, as antique businesses have begun to realize the importance of incorporating a percentage of vintage items into their stock of traditional antiques. By blending these relatively newer styles into their existing inventory, many of these vantique concerns have experienced substantial growth, in both interest and sales as a result of their expanded inventory and increased audience base.
Add to this the growing number of early baby boomers who are liquidating their estates of goods and chattels, along with a buying public that has more discretionary income, and you end up with a recipe for strong industry growth - as noted by the research firm IBISWorld - with its recently published findings on the state of the antiques and collectibles marketplace; "This Industry has fared well... with operators exhibiting strong growth over the past five years. IBISWorld expects industry revenue to continue to increase at a significant annual rate over the next five years..."
Being aware of these types of shifting market details, while understanding projections for industry growth within today's antiques and collectibles marketplace is especially important for those who are just entering into this field of endeavor. Learning to factor in the public's ever changing tastes for certain styles and periods, and gauging their financial interests as a part of your overall business plan is going to be critical to one's long-term success.
All of these aforementioned factors should offer further proof as to why it's so necessary to keep oneself ahead of the curve when it comes to today's antiques marketplace. Having knowledge of the markets intended movement within these collecting fields before everyone else does, will almost certainly give you - and your business - an added advantage that will inevitably set you apart from the competition. However, in the end - as with any venture - having the "right" knowledge is what's going to be key in making that distinction a success.
- A.I.A. Staff Writers
To learn more about market trends, along with what it takes to run a successful antiques (or vantiques) business, simply click on the school's link below for more information:
Operating An Antiques/Vantiques Business
To learn more about the school's actual online e-Course program, click here: e-Course