Antiques - A Profitable, Secure Form of Investment

[poshshoppes]

Hello to all you Ernie followers,

Ernie suggested I use this forum to attract potential investors to my project...so here goes.


My business in Raleigh, NC, POSH!, buys and sells antiques. This has been a banner year, the market is red hot and I am looking to expand. If it's so hot why am I seeking investors to join our small group? Simple - I am only as strong as my war chest. Each and every day I have the opportunity to purchase an unlimited amount of antiques with a limited amount of funds. I am seeking investors who are interested in a generous and timely return in an exciting market. This week I have the opportunity to purchase the contents of an estate outside of Beaufort, NC and would love to be able to commit to the project.

If this strikes your interest please visit my website at www.poshshoppes.com to learn more about my retail operation and my trio of POSH! stores. You can email me at [email protected]. and am available at (919) 247-4845.

[mrmarket]

Is this like a hedge fund structure...we do a private equity buy in and our return depends on whatever comes back?

Can you give an example?

[mrmarket]

Also..what are the typical sized investments you seek?

[Lyehopper]

This has been a banner year, the market is red hot and I am looking to expand...

What are your interim gross sales in "06"?.... What were they for the same period last year?

Net profit margins?

Don't you have a relationship with a local bank?

[billyjoe]

In my area antique malls were a big deal , then times got tough , dealers started pulling out, antiques replaced by crafts , virtually no walk in customers , almost all shops empty or with closed signs permanently in window.

billyjoe

[Websman]

I definitely would consider antiques as a safe investment.

I can never froget the Beatles record I bought for a dime and sold last year for $1,250. Ahhhh yes...It felt good. jejeje

[studentofthemarket]

I definitely would consider antiques as a safe investment.

I can never froget the Beatles record I bought for a dime and sold last year for $1,250. Ahhhh yes...It felt good. jejeje

That would be considered a Collectible and NOT an antique I would think.

Also, take a look at other Collectibles...

Beanie babies, Hah they are all basicly worthless for the most part. and that's after books were being published with future values for each of the bead bags.


Hummels, Collected by my grandmother. Apparently, the market is going south because there isn't enough demand from the Collectors(they are dying off) to keep that afloat.

OTOH, my Nolan Ryan baseball cards should be doing OK, as long as people play/watch baseball and collect the cards. And remember who Nolan Ryan is.


Antiques are a terribly illiquid market. Consider furniture, it is costly and risky to transport. smaller Items lest costly, but the risk could be greater due to breakage damage possibilities.

OTOH, a lot of antiques were certainly wiped out in the last hurricane season, creating more rarity for some pieces I'm sure. Waterlogged antiques just aren't that valuable.



sotm

[IIC]

Although I'm not interested in a JV it is an interesting topic. My grandmother left me her glassware collection back in the 80's...Also, we use to collect old stock certs (Scripophily)...that's sort of neat.

The only thing I collect are those old telephone pole insulators and recent crystal now.

But one thing always struck me as strange...Where do all these antiques come from?...Seems like there are more and more antique shops popping up the past 10 years...although a lot of them don't seem to last more than a couple years...near me anyway....Best, Doug(IIC)