eBay has a great tool for this called completed listings. Before investing in any piece of furniture, especially high-end pieces, you should start by checking comparable sales. Just because a seller claims their vintage Vladimir Kagan sofa is worth $6500 and would be a steal for $3500 doesn’t inherently mean it’s a great deal. So how should beginner buyers invest, and where should they save? Here are some tips to get the best bang for your buck. Established designers that are “tried-and-true” are almost like commodities, and they have established marketplace values and will make for safe investments. If you buy a ’57 Chevy in mint condition and maintain it with proper care, when you go to sell it in five years, it should have held its value. If you buy a brand-new car, the moment it’s driven off the lot, it already begins depreciating in value. I like to think that buying furniture is analogous to buying cars. Going to Ikea or West Elm to buy furniture may seem like a fun, trendy, option to furnish a home-and it is-but what those cute hipster sales clerks aren’t telling you is that after a few years of use, your $4000 matching sofa set is worth about a quarter of what you paid for it. One of the greatest perks of modern design- especially vintage mid century modern design-is that when bought strategically, it holds its value in a tremendous way.
0 Comments
Leave a Reply. |