Make Profit Your Holiday Mantra(12/2/08)
Editor’s Note: Economic pundits predict dire times ahead for this holiday season. But antiques and collectibles dealers may improve sales by following Jim Sturgill’s common-sense advice.
Gift Annuity: You Give, Then Receive(11/11/08)
Editor’s Note: CPA Jim Sturgill always gives sound advice to antiques-and-collectibles dealers and collectors. Here he suggests a win-win way for anyone to make charitable contributions in this down economy.
Simple Ways to Save Money(11/4/08)
I visited a family of antiques dealers this morning at their store in a nearby strip mall. I commented that the store was cold, which resulted in the owner telling me how bad the gas furnace was. Noting that all the ductwork was in the ceiling, I suggested that the ducts may be leaking and heating the area above the ceiling tiles.
When Art & Antiques Cause a Bloody Nose(8/16/08)
You never know what’s going to set off a family fight in the world of art, antiques and collectibles. In the case of the Krebs clan, it began with a three-scoop, chocolate ice-cream cone.
Estate Planning—Where Are the Coin Collectibles?(7/25/08)
During the early 1980s, one of my favorite clients was the owner of an antiques shop who also owned a restaurant and bar with several pool tables. The client was rather elderly but quite alert and worked long hours seven days a week. During the 1930s, ’40s and ’50s, his restaurant supplied area service clubs with fried chicken and fried fish (known as a chicken fry or fish fry).
18 Things Worth Knowing about the Business of Antiques and Collectibles(7/22/08)
In case you didn’t know:
* There are more than 41,500 antiques shops/dealers in the U.S.A.. according to the “2008 Business Reference Guide.”
* Many antique shops have sold for 20% of annual sales plus inventory at cost. This is a rule of thumb and not applicable to all antiques shops.
* Most antiques shops are started by collectors.