ECONOMY & AUCTIONS – CITRUS COUNTY FLORIDA AUCTIONEER SAYS IT’S A BUYER’S MARKET

October 6, 2009

AUCTIONS AND THE ECONOMY – FLORIDA AUCTIONEER C. FUDGE SAYS IT’S A BUYER’S MARKET

October 5, 2009 at 9:37 pm | In Antiques, Economy, auctions | Leave a Comment | Edit this post
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Crystal River Auctioneer, Charles Fudge of Professional Appraisers and Liquidators Antique and Estate Auctions has seen prices fluctuate for 40 years. He reports that prices couldn’t be better for buyers and more and more people are attending auctions to get a bargain. Particularly low are prices for name brand furniture — which often sells for less than the auction house’s representative has paid.

 

Crystal River, FL October 5, 2009 – Charles Fudge is an auction veteran. He began dabbling in the antique market at the age of 10, following in his mother’s footsteps. Right after he turned 21 he attended auction school, got his auction license, and used his savings and severance pay to go into the auction business. 4 decades later, and you’ll still find him working 12 hours a day, 6 days a week buying, selling and auctioning antiques and estate items. His first hand observations regarding the market as it pertains to auctions show that Internet auctions were the first venue to deflate auction prices realized, and the current economy has caused prices to continue to decline.

 

According to Fudge, “The first time we saw a big drop in auction prices, was at the turn of the 20th and 21st century when buyers started turning to eBay. Because the entire world was invited to participate in Internet auctions, items that were once “rare” in a buyer’s local market, were now found in abundance at the on-line auction.” Internet auctions drastically affected the law of supply and demand for antiques and collectibles. Any antique dealer will tell you that these values have never recovered from the big drop that took place with the inception of on-line auctions.

 

More recently, auctioneers have seen another significant drop in prices, which they are attributing to an uncertain economy. Many people, particularly retirees have lost most of their savings due to drops in the stock market. Others have lost their jobs or are worried about what the future holds. All of these factors affect their spending habits. Market trends for retail sales are shaky at best, and auction prices are no exception.

 

Where there is rain, there is a rainbow. The up-side to this downward trend in prices realized at auction is that as prices drop to all time lows, it becomes a Buyer’s Market. Says Fudge, “Solid wood and name brand furniture is going for less than ten percent of retail. I’ve seen $1000 dining room sets sell at local auctions for as little as $60.” He also notes, “Its very hard to find solid wood furniture anymore. Not many manufacturers are making it anymore. Whether you’re shopping at box retailers such as Rooms to Go or high-end stores such as Ethan Allen, all you will find is furniture made of flakeboard, or as they call it, “composite”. However, can still find good quality, solid wood furniture in abundance at any auction, and the good news is that you’ll pay pennies on the dollar for it”. He’s talked to other auctioneers around the country, and they are all experiencing the same phenomenon. Many people used to be afraid to buy at auction, because the process was unfamiliar to them. But, with the economy the way it is, he expects to see more first-timers buying at auction whether to furnish their new home or redecorate their current residence. He doesn’t think it will be very long before this well kept “secret” gets out. Whether you need a new dining room set or you want to add a piece to your collection of pottery, why not try shopping at your local auction?

 

For additional information, contact Professional Appraisers and Liquidators Antique Auction Gallery at 352-795-2061 or view their website at http://www.charliefudge.com. Charles Fudge, owner is a 40 year veteran of the auction business and specializes in Antiques, Collectibles and Estate Liquidation due to downsizing, moving or probate. To find the auction nearest you, Auction Zip is an excellent service that lists auction dates and times all over the U.S. Their website is http://www.auctionzip.com.

Haunted Victorian House & Antique Shop’s Contents to be Auctioned Tomorrow, Oct 3rd

October 3, 2009

HAUNTED HISTORICAL OCALA MANSION & ITS ANTIQUE CONTENTS TO BE AUCTIONED SATURDAY, OCTOBER 3RD AT 10AM 

Auctioneers Charles Fudge of Professional Appraisers and Liquidators of Crystal River, Florida & Kale Albritton of Lakeland Will Liquidate the Contents of Upstairs Downstairs Antique Gallery on Saturday, October 3, 2009 at 10am — Along With the Late 1890’s Victorian House, Which is Rumored to be Haunted. 

Today will be an important day for Antique Collectors, Dealers, curiosity seekers, and ghost hunters alike when a Crystal River auction firm liquidates the contents of Upstairs, Downstairs Antique Galleria at 725 E. Silver Springs Blvd in Ocala Florida beginning at 10am. (They will open for preview at 8am).   Besides over $200,000 worth of antiques from the antique shop that used to occupy the building that will cross the auction block, the 7-bedroom circa 1885 Victorian Mansion zoned for commercial use, which is rumored to be haunted, will also be auctioned promptly at 12 noon. This is the second “haunted” historical building in the Fort King district to be auctioned over the last year. 

The Historic District of Ocala is an important spot on the map for those interested in all things paranormal.  Sci-Fi Channel’s Television Show “TAPS Ghost Hunters” has featured the nearby Seven Sisters Inn Bed and Breakfastt on an episode last year. Ocala Ghost Walks, a local firm offerning walking and carriage tours of the district, features several historical buildings in the Fort King area including Seven Sisters and the Ritz Historic Inn. The ghost tour owner, Catherine Wendell said, “The hauntings throughout the area seem to be in clusters of 2 or 3 houses that are located near each other, with no particular rhyme or reason as to the locations”. The former Upstairs Downstairs Antique shop building is an important stop on the Ocala Ghost Walk tour.  

When the Citrus County based Antique Business, Professional Appraisers & Liquidators was hired to liquidate the contents of the former Upstairs, Downstairs Antique Galleria (which have a retail value in excess of $200,000) and the Victorian building at 725 E Silver Springs Blvd, Ocala, they were told that the painting of a gentleman, signed Avey and dated 1844, that was prominently displayed on the wall was not for sale at any price.   The owner went on to stipulate that it “went with the house” due to very strange occurences any time it had been moved, thus it would be given to the person who purchases the Victorian seven-bedroom mansion. 

Auctioneer Charles Fudge stated, “The comment about the painting sparked our interest as to the history of the building and the importance of the painting in relationship to the rumored paranormal activity”.   His firm’s research led them to an Ocala firm that had investigated the mysterious occurances in June, 2009 and then posted audio and video of their overnight surveillance of the Victorian home on their website for scientific research purposes. According to a spokesman for American Paranormal Project Inc, the not for profit, volunteer based organization, made up of citizens, each with unique backgrounds who have an interest in the paranormal, “It is truly one of the most haunted places I’ve seen”. He went on to add, “We are still researching the relationship between the painting and the hauntings.”  The painting is dated 1844, yet the house wasn’t built until the 1890s, so it is a mystery as to the identity of the man in the painting, and what relationship he had to the house.  The spokesman also reported that besides their findings of EVPs and ENPs, they heard footsteps upstairs while the entire team was “locked down” on the first floor. He also told them that “something” besides their team turned a light on during their overnight investigation.  

Whether you’ve always dreamed of owning a Victorian Home that is commercially zoned in a high traffic area (26K per day) with a huge parking lot, sprinkler system, security cameras and more, or you’d just like to own a building that has been “verified” as haunted, now is your chance. The building will be auctioned promptly at noon to the highest bidder (upon owner’s approval). If a haunted house is out of your price range, then you still might want to take home some of the fine antiques that will be auctioned from 10am until about 5pm.  Who knows? Maybe one of the antiques you purchase will bring a spirit with it. And you’ll have it just in time for Halloween.  

F

or further information regarding the auction of Upstairs Downstairs Antique Gallery’s contents and the commercially zoned historical Victorian home, contact Professional Appraisers & Liquidators Antique Auctions at 352-795-2061 or 800-542-3877 or visit their website at http://www.charliefudge.com. The website for Ocala Ghost Walks is http://www.ocalaghostwalks.com and video footage of the ghost hunt conducted by American Paranormal Project nc can be viewed at http://www.americanparanormalprojectinc.com/id6.html

 

September 23, 2009

Mark these dates folks…. We have more auctions in the next 6 weeks than we’ve done in such a short timeframe over the last 25 years.  I’ll get more info up soon, but in the meantime, I thought I’d give the heads up… 

Take a look at these, and you can see why all our heads are spinning!

September 28th at 6:30pm Estate Auction,, 811 SE Hwy 19, Crystal River, FL

October 3rd at 10am - On-Site Antique Gallery Liquidation Auction Upstairs Downstairs Antiques (including the Victorian Building) Silver Springs, Blvd. Ocala, FL

October 5th, 12th, 19th and 26th at 6:30pm – Estate Auctions, 811 SE Hwy 19, Crystal River, FL

October 31st at 10am Antiques, Fine Art & Collectibles Auction, 811 SE Hwy 19, Crystal River, FL

November 2nd , 9th, 16th at 6:30pm - Estate Auctions, 811 SE Hwy 19, Crystal River, FL

 Previews: Monday Night Auction Previews start at Noon on the day of the auction. Saturday Antique Auction Previews are from 11-5 the day prior and 8-10am on auction day. The same is true for the on-site auction in Ocala.

PROFESSIONAL APPRAISERS

& LIQUIDATORS, LLC AB 1131

WE BUY, SELL, AUCTION, ACCEPT QUALITY CONSIGNMENTS & PURCHASE ESTATES

811 SE US HWY 19,   CRYSTAL RIVER, FL

Phone: 352-795-2061  //  Website:  http://www.charliefudge.com

 Charles Fudge AU 1593  //  Joel Kulcsar AU 1437

 TERMS: MC/Visa/Cash/Approved Check. 13% Buyer’s Premium with a 3% Discount for Cash or Approved Check. 6% Sales Tax w/o Resale Certificate. Please bring your own boxes and packing materials! PARTIAL LISTING FOR SEPTEMBER 7th AUCTION

Auctions, Auctions, Auctions

September 1, 2009

Wow! Are we busier than ever~  This blog will keep you current as to what auctions are coming up, and the items you’ll see in those auctions.  In the meantime, let me give you the schedule and you’ll see why we are SO BUSY!!

Here goes:

PROFESSIONAL APPRAISERS

& LIQUIDATORS, LLC AB 1131

811 SE US HWY 19

CRYSTAL RIVER, FL

Phone: 352-795-2061

Website: http://www.charliefudge.com

 

September

Sept. 7 at 7pm Estate & Antiques Auction

Sept. 21 at 7pm – Estate Auction

 

October

Oct. 3rd at 10am – On-Site Antique Gallery Liquidation Auction Upstairs DownstairsAntiques Ocala, FL – this has over $200,000 in retail value that will ALL be auctioned – plus the building, a suberb, historical Victorian house, will also be auctioned by Kale Albritton (at Noon).  Anyone who has any info about the rumor that the building is HAUNTED, please email me! I’d love to hear more!

Oct. 5th at 7pm – Estate Auction

Oct. 19th at 7pm – Estate Auction

Oct. 31st at 10am Antiques, Fine Art & Collectibles Auction

 November

Nov. 2nd at 7pm – Estate Auction

Nov. 16th at 7pm – Estate Auctions

 Previews:

Monday Previews start at Noon on auction day.

Saturday Antique Auction Previews are from 11-5 the day prior and 8-10am on auction day.

 Charles Fudge AU 1593  //  Joel Kulcsar AU 1437

TERMS: MC/Visa/Cash/Approved Check. 13% Buyer’s Premium with a 3%

Discount for Cash or Approved Check. 6% Sales Tax w/o Resale Certificate.

Please bring your own boxes and packing materials. Thank you.

 So there you have it!  Now you can see why I’m typing this at 1:30am, right?  There are NOT enough hours in the day.  But it will all be worth it when we have hundreds of satisfied customers from all across the globe!


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