Inflation seems to be everywhere. The continuing decline in purchasing power is reflected in increased prices on almost everything.
The other day my wife and I bought a container of spray from a garden store. We thought the price was high at almost $25 but when we got to the cash, the clerk charged us $6 more. We showed her the sticker price and she said it was old stock and the computer had already adjusted the price for the new stock coming in. I understand supply chain issues and rising fuel costs but a 25% increase is a bit much. We argued and did not pay the extra $6. Needless to say we will not be buying that product again.
Everything seems to have risen in price as a result of inflation except perhaps antique and vintage clocks!
I don’t actively pursue high end clocks so, there could be movement price-wise for rare and highly collectible clocks but not for garden variety antique clocks. This completely anecdotal but I have been observing the clock market for some time and I do not see a lot of change in prices and if you are into buying and selling clocks this is not a great time to make a profit. Perhaps one day in the future but I believe that day is far off.
So, it has been a buyer’s market for the last number of years and it doesn’t look like things will change any time soon. There are many great bargains to be found everywhere and it doesn’t take much looking.
Antique and vintage clocks have flooded the market in the past several years with prices tumbling even further downwards. The new generation of millennials have little interest in antiques and find it pointless to collect antique and vintage clocks. Their loss is our gain, meaning those of us who appreciate the finer things in life.
In addition, modern homes do not have the room for clocks as floor and wall space is limited. In an age when families are living in 800 square foot apartments space is at a premium though there is a hint that things could change as the migration from dense cities to smaller communities continues.
When space is at a premium grandfather clocks or any clock occupying floor or wall space are not items many would consider as necessary for the modern family home. Sentimental reasons aside, the cost of servicing far exceeds the value if the desire is to have a working clock.
Of course, I don’t have a crystal ball but judging from prices in the past few years I can comfortably predict that things will continue to be much the same this year and next. I do not expect a significant change in the months to come and that $20 bargain clock you discovered today at a flea market will not be worth much more next year.
It is a buyer’s market and there are some terrific bargains out there. Knowledge is power and no doubt there are some great clocks to be found but shop carefully and do your research.