The Palm Beach Appraisers Association reported that the estate industry is bouncing back in part due to the stimulus package. The stimulus package is encouraging collectors and estate enthusiasts to invest in estate jewelry, furniture and other unique pieces from galleries and auction houses. These pieces are then being shipped around the country, increasing business opportunities for the moving and freight industry.
“We’re excited to see that the collectors, dealers and antique enthusiasts are beginning to reinvest in estate and antique pieces. Many collectors had to sell their prized possessions due to the global credit crunch and collapse in confidence among lenders,” said Chris Hayes, president of Palm Beach Appraisers Association. “As a result, many estate aficionados are beginning to invest in the one-of-a-kind finds that are now available on the market through antique and estate shows, auctions and galleries around the world.”
In light of the turmoil with the financial and real estate markets, the estate industry is beginning to see signs of bouncing back in today’s tight economy, as evidenced by some of the Palm Beach Appraisers Association’s affiliates reporting an increase in sales.
Artfact is the world’s premier live auction bidding platform. Hayes reports, through his ongoing contact, purveyors are seeing sales growth in the past several months. “Artfact connects many auction houses around the globe with the means for a live bidding platform for collectors and dealers to purchase and invest in fine decorative art, estate and collectibles,” Hayes continues.
According to artnet, the industry leader in art pricing and market information, the steep declines seen in the art and decorative art markets in 2008 through summer of 2009 have begun to level off. The Fall auction season, which largely combined reasonable estimates with some choice property, saw many lots exceeding estimates and relatively lower bought-in percentages.
The 17th Annual Miami Beach Antique Jewelry & Watch Show announced increased attendance and brisk exhibitor sales. The show was held November 13-15, at the Miami Beach Convention Center. "Dealers, collectors and antique aficionados were able to purchase impressive merchandise to kick-off the antique season,” said Andrea Canady, fair director.
United Van Lines, one of the largest household goods movers, is also an expert in the field of transporting high-value items, such as decorative and antique art, valuables and historic furniture, has seen an increase in transporting valuables around the globe.
The Palm Beach Appraisers Associations strives to connect collectors, appraisers, and dealers to best suit their needs and monitor industry trends. Members throughout the world specialize in fine antiques, jewelry, currency, fine automobiles, luxury estates and luxury accommodations.