Selling at Antique Malls?

[paul]

Has anyone had much success in selling your vintage cleaning appliances at antique malls?

I'm considering it as an option not knowing if I'd need to rent a booth or pay a commission. Even if I didn't make as much money versus online sales, It would seem easier. Some thrift stores would only either trash them entirely or part them out for recycling.

 

[human]

I've been considering that as a way to dispose of my late father's toy collection, most of which is presently residing in a rented storage unit at $200 a month. I was selling it piecemeal on eBay, but there's just too much of it, and there's now too many hands grabbing for a piece of that pie. The death blow on that venture was the IRS, which now requires a 1099 to be issued for annual sales over $600. It used to be $20,000. Because I didn't buy any of that stuff, I can't use the expense of acquisition to offset the tax. Of course, I'd have that issue, regardless of how I sold it, short of collectors coming to the storage unit and paying me in cash. While the antique mall thing is appealing, my other option I've thought of is to have a big ass auction and get rid of enough stuff all at once to at least get out from under the expense of the storage unit. Either way, this 'bequest' from my father has turned into an albatross around my neck.

 

[gottahaveahoove]

I've bought a few

Vacs, tools, bags, etc at some of them.  Nothing earth-shattering, but.....

 

[justjunque]

I’m not familiar with the term “antique mall”. Maybe it’s a regional term?
Would you say it’s essentially the same as a “flea market”? We had a few of those around here years ago, but they all went away.

 

[gottahaveahoove]

There are a few around here

It's a huge place, kind like an indoor flea mkt.    People lease a booth, or a space.   All items have codes.   You don't always need to be present.   Whoever is at the register sees that if your item sold, you get paid.   Sometimes. There is a sign... 20% off any item over $2].00unless makes.  Firm 

 

[gottahaveahoove]

I've gotten beautiful

Furniture, lenox, waterford crystal, , etc at them

 

[texbodemer]

I've been consigning

I've been consigning mine at the Seattle Antiques Market, 1400 Alaskan Way, in Seattle. Right now, I have a blue Hoover Convertible and a Royal there.

 

[texaskirbyguy]

I had inquired on selling at the last antique mall I went to.
It was out in a country town, no big chain place.
About 166 a month for a small stall, which was reasonable.
They set you up on some online thing that tracked your sales.
You would also get the 1099 also as if you sold online. Not dealing with that crap with as little as I would actually earn as a profit.
I can see why the curbs are so full of good stuff - too difficult to sell.

 

[ohiovacuums]

Antique mall

We had a spot at an antique mall for over 2 years. I did sell a number of vacuums and typewriters from my collection. I don't know if there was a vacuum collector that stopped in or if people wanted a vintage vacuum for their vintage house ?
Yes, you may receive a 1099 for your sales but your "basis" in the inherited
items is the fair market value at date of death....not zero. You should not owe income tax on the sales and may even have a loss.
We sold a variety of antiques not just vacuums or any one item. I doubt I would lease a space to just sell one type of item....especially vacuums.

 

[dysonman1]

Most people who rent a space and "sell" at an antique mall really want the monthly expense of the booth as a write off on their taxes. Many people expect to lose money when they factor the cost of the goods as well. The profit from selling a vacuum is quickly lost when considering all the expense of buying the item, cleaning it, taking it to the antique mall, setting it up, and then never selling it - but having to pay also pay the monthly 'fee' for your space. Big time tax write off.

 

[paul]

Good feedback, thanks everyone; may I'll just stick with Craigslist.

 

[kloveland]

My aunt and I went in together on a booth. My vacs are pretty reasonably priced. She would not go in on it to lose money.

 

[kloveland]

600 dollar rule

The IRS put it off another year and raised it to $5,000. Probably had a lot of pushback. I recently learned this myself.

https://www.irs.gov/newsroom/irs-an...d-of-5000-for-2024-to-phase-in-implementation

 

[lesinutah]

That

Pushback happened right after they announced it would go into effect in 2024.
It's not like the government taxes us on everything we buy.
Checks, groceries, gas, cars, every good.
If you look at it they're taxing out paychecks atleast twice. When you get the check and when you buy something with the money from your check it's taxed again.
Imagine we fought a revolutionary war for 10% tax.

 

[paul]

Thanks for the info., Kenny.

 

[gottahaveahoove]

I've actually had some luck with those malls

My friend had a booth years ago.  She always made her rent.  Never was intending to have a loss, and never did.


  She sold lots of things.  She'd also look for vac items for me.