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Christie’s recently sold numerous pieces of
post-war contemporary art for a total of nearly
$25 million dollars
When it comes to consigning, according to Siner, “People love getting
a deal on a beautiful, quality item and given the digital world, they have
the means to cross reference true pricing and values while standing in
retail show rooms. This makes it even more important to research and
know the true value of an item and ensure we are putting the fairest
price on it to offer designer pieces at a savings to our customers.”
So, what are the hottest items people are looking for?
When considering consigning, newer or modern-designed goods ar e
more appealing. Siner says, “As a rule of thumb, if an item is over 8-10
years old, people don’t want it.” This is particularly true with minimalist
design. She adds, “The millennial generation is all about efficiencies,
and they want items that are still beautiful yet serve a true purpose. Our
shoppers don’t want items tha t have to be stored and that take up a lot
of space.” So, for more antique-type collector’s items, auction houses
are another option.
Furthermore, according to Siner, consignment is not a good option for
selling large family heirlooms or items that are rarely used. The reason
being, millennials – a demogr aphic that is particularly interested in
consigned pieces – are not generally seeking fine china, china cabinets,
and silverware that need to be dusted or polished. Other items that
do not get a lot of use anymore, like large entertainment centers, were
popular 15 years ago, but are no longer in strong demand.
“Artwork is a popular selling ca tegory for both auction houses and
consignment.” Siner adds, “Fine art and more contemporary art are the
best-selling. We once sold a Pablo Picasso hand-signed frame serigraph
for approximately $9,000.”
“We once sold a
Pablo Picasso hand-signed
frame serigraph for
approximately
$ ,O0O 6
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