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Old 07-14-2003, 11:27 PM  
KRL
Entrepreneur
 
Join Date: Oct 2002
Location: USA
Posts: 31,429
Collectibles. Antiques, art, fine watches, historical photographs and documents, memorabilia, gold coins, ancient relics, etc.

If you buy from estate, garage and divorce sales where the dumb fucks don't know what they are "getting rid of" you can make a fortune paying very little and often find valuable pieces. My mother used to do this as a hobby on the weekends. I do it every now and then too for fun mostly. It is absolutely amazing how many people don't realize what they are letting go of for so little money. But that's the fun of it. Its a lot like treasure hunting. I bought a Rolex watch for $1,200 that I resold to a dealer for $1,700 the same day.

To give you an example of the profit margins. My mother found an anitque blanket chest from the 1700's at a garage sale. The people didn't have a clue of how historical a piece it was. She paid them $75 for it. Turned around and sold it to a collector within two months for over $15,000 (in current dollars it would be about $75,00).

A friend of the family runs small ads in hickville type small town papers all over the US saying "will pay cash for your old coins, watches, and collectibles". He's clearing about $3 Mil a year and just remarketing the stuff on eBay and to flea market dealers.

I have another friend that bought the rights to a collection of photographs by a famous Hollywood photographer who took glamour shots of many of the old time movie stars. He makes reprints and sells them online as limited editions at prices from $500 to $5000 each.

Anyway, its a fun hobby and if you know how to buy at bargain prices on quality pieces you can make enormous profits.
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