I am author of “31 Steps to Your Millions in Antiques & Collectibles.” I write a Daily Antiques & Collectibles Blog for those interested in learning more about antiques & collectibles while also learning to use these items to grow wealth.
My readers urged me to form a club based on the principles spoken of in the book, so I formed the 31 Club. This is an abridged version of the Blog found at my website.
Tuesday, January 15, 2008
I’ll Take Them All – Antiques – Collectibles – Paintings
This is a time of year when we treasure hunters should be taking advantage of the opportunities that come our way. While there aren’t a lot of large auctions during the winter, some do come along that can prove to be fertile fields for us.
Our 31 Club Member, Cecil R., attended the sale where our group’s Harvey Joiner painting was sold, and he reported to me about a few little things he picked up. If all the members would follow Cecil’s example, I wouldn’t have enough hours in the day to share them all.
What has Cecil done this time? At Sohn’s auction in Evansville, Indiana, he found 62 bronzes medals, made by the Medallic Art Company of New York. Three inches in diameter and weighing seven to nine ounces each, the medals were produced in 1967 in recognition of the Wright Brothers, Orville and Wilbur Wright and others. Perhaps aviation collectors might have an interest? Or Medal collectors?
The medals first came up for bid at $3 apiece. The auction didn’t go very far, however, and Cecil said he would take them all for $5 each. Having no further interest, Cecil won them at that price. He spent $310 for the medals, then sat back and waited for the next bargain. Most people at that auction probably wondered what he was going to do with those things. Cecil knew exactly what he would do with them. He placed them on Ebay.
The first one he sold brought $61.78. He has sixty-one more to go. The last time I checked, one of his medals had a bid of $74.75 with seven bidders and eight hours left to go. He hasn’t finished selling them all yet, but it looks like they could average $40 apiece or about $2,480 total. You figure the profit and tell me if there are still things being sold that can make you smile. Nothing out there to be found? Says who? Cecil saw an opportunity where others just saw sixty-two hunks of metal.
There were probably six to eight hundred items sold at that auction, and Cecil bid on only a few of them. He also bought a Mettlach Beer Stein that he tripled his money on when he sold it on Ebay for $377.00. I hope he’ll keep us posted on the rest of the items. I’m certain that if you figure them all out, he will have made at least $3,000 from that winter auction. I believe many of us would be satisfied with having made that.
How does he continue to find value in the items others pass up? He spends his time wisely. If he’s got time to spare, he loves to keep up on his studies. I’ve written about some his finds on previous blogs on our website In the near future, I hope he will join me at a 31 Club seminar so he can tell you how he does it himself, while he shares some of his secrets.
Let’s learn and make money together. It’s much more fun if you are able to share your successes with others, and at the same time, have a place to share some of your mistakes so others can learn from yours. At the 31 Club, you’ll find encouragement from others who are truly wishing you the best. If you’re not a member yet, what are you wanting for? Join today!
Discover how the 31 Club, together with our book, can be the tool that helps you build more personal wealth dealing in the rare and valuable upper end markets. Find out more about joining our growing community of antique and art wealth builders here.