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Vintage tool prices softening

Provincial

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I helped move move my brother to Ft. Huachuca in 1973. Sierra Vista was a tiny town, and Huachuca City was a wide spot in the road. Ten years later I helped move him again, and the populations of both had exploded, and they were real cities!
 
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scottybk

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You can spend a lifetime at garage sales, flea markets, etc. and come up very few scarce/rare tools. And the few you do find you've likely paid full market value for in the time and money spent looking for them. If you're a serious collector of the "good stuff" you're gonna have to step up and pay the price. Ebay, and the MWTCA tool collector meets are where a lot of that good stuff shows up. As far as all the Craftsman, SK, Proto "modern" stuff, I look at collecting that as compared to collecting Beanie Babies, etc.

You're basically correct, although one can get lucky.

I used to collect records, if you want to talk about needle in haystack hunting try record collecting. My brother in law got deep into it about 15 years ago, and I tried to warn him that you go thru about 10,000 worthless records to find one record with ANY value.
 

ecotec

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I have an acquaintance who is a book dealer. One thing that has hurt him a little is the scanner apps for smart phones that help value books. That allows flippers that have zero interest in books to start looking at books.

I figure that as time passes, there will be apps that can quickly value more items.

I don’t see the prices of vintage tools at the garage/estate sale level softening. I find the prices, on average, of estate/garage sales to be getting higher.

I think that the retail prices (EBay, Etsy…) could be dropping… but I want to pay less for a tool than even the shipping on EBay or Etsy is now.
 
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3baygarage

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Ecotec, an older woman at the flea market did that to me recently. I never bought from her before but that day she had some tubs of mixed tools in poor to fair condition, so I thought there would be some deals. I pick about 6 items. She starts scanning tools with some phone app. I'm standing there like wtf is this sorcery??? :lol:

Then I realized it didn't work well. She's scanning old Williams and Snap-On logos/ part #'s, and getting results that were similar but not exact. She went way high on the pricing and shot down my offers which were fair.
 
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scottybk

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Ecotec, an older woman at the flea market did that to me recently. I never bought from her before but that day she had some tubs of mixed tools in poor to fair condition, so I thought there would be some deals. I pick about 6 items. She starts scanning tools with some phone app. I'm standing there like wtf is this sorcery??? :lol:

Then I realized it didn't work well. She's scanning old Williams and Snap-On logos/ part #'s, and getting results that were similar but not exact. She went way high on the pricing and shot down my offers which were fair.
Interesting story. I really hate the smartphone world. The best sales are in lower class to poor 'hoods where the people selling just want to make enough money to buy a case of beer or their next bag of crystal meth.
 

oknope

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Prices on the low end are going up while prices on the high end are coming down.

This is due to more and more people getting squeezed for cash which forces them to shop at thrift stores instead of on eBay, for example. And once people start thrifting, many of them will arbitrage anything underpriced ("flipping") which serves to close the gap between thrifting prices and the broader second hand market.

In my opinion, it's only going to worse the way our world is heading. I also think that when the boomers start dying off in large numbers we are going to see a glut of the things they collected that younger generations don't care so much about, which will drive prices down. Tools are a good example of this: they have nostalgic value to many older guys, but young guys generally don't have much use for them (because everything is going disposable and/or electronic nowadays) and are content with cheap new stuff when they do need something.

The boomers are a very wealthy generation, so wealthy that they're happy to give their stuff away in old age. I know because I buy their stuff at auction and thrift stores for a fraction of its value. We will see much less in the way of deals once they are gone, as younger generations are having declining standards of living and won't have that luxury. Of course not all are generous, many are wealthy but do not give anything away, rather use their wealth to bid up those collectible markets.

My conclusion is: pillage the boomers while the going is good, but don't cling too much to collectibles as they will eventually be worth nothing. What will eventually matter is preparation to survive coming hard times, and that is extremely difficult to prepare for as it's impossible to predict exactly what those times will look like.
 

thehorse13

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Speaking strictly in the vintage tool market, I can tell you that Blackhawk stuff is still extremely strong and gaining. I don't find 1920s-30s stuff thrown in a box full of rusty Chinese tools anymore.
 
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Roberts210

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I've noticed the price of WIlton machinist vices have settled down a little. Not the large sizes, and fer sure not the 2 smaller sizes, but from the 3" vices to about 5", prices are a little lower than in previous years. The small 2" and 2-1/2" sizes have gone way up--some guys are listing them for over $1,000. I don't know if they've actually sold any at that price.
 

mritchie77

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Cottonwood Shores, TX
I have an acquaintance who is a book dealer. One thing that has hurt him a little is the scanner apps for smart phones that help value books. That allows flippers that have zero interest in books to start looking at books.

I figure that as time passes, there will be apps that can quickly value more items.

While it can hurt us looking in the wild for these items as the seller might be more informed as to what they have, I think this is actually good because it will allow un-knowledgable people to possibly save more of these tools/books/whatever that probably would have been in the trash/dump/scrap piles otherwise.
 

Cleave

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Back Porch
Here in western Colorado I look for old woodworking, blacksmithing, machining and homestead tools, on a budget.
I'm usually after tools that can become good users.
I find prices are all over the map even locally. Take a wood bodied jack planes for instance. In the antique shops on main street they'll want $60, first day of an estate sale they'll want $10-$20. Last day of an estate sale I've gotten them as low as $1. Get it on ebay and it'll be $30 plus shipping. Buy a new handmade plane just like it and it'll be $150 or higher depending on who makes it. So they're all over the place even in one town.
I got two adzes once at a yard sale for $3 each - one a Keen Kutter carpenter's adze, the other a Diamond Edge shipwright's adze. Both had trashed handles and had seen too much use in a garden but restored easily.
 

AntiqueBen

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I always like to look for the odd or out of the ordinary type tools. I found this 7 1/2" Vandegrift wrench today at an antique store. Never seen this odd screw design before. I actually had never heard of Vandegrift before either. I thought it was a Trimo at first but I was pleasantly surprised. This little guy has the same size pin in the handle as some of my 15"-18" wrenches. I guess Vandegrift was only in business from 1891-1905.
 

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ecotec

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While Oknope may not have phrased it super nice… he is not wrong…

When you are at a garage sale, going through a toolbox… and the owner is there… with a bunch of his friends… and you are asking “how much for this rail of Snap-on sockets” and he says “$25”… and none of the other guys are telling him to ask for more… there has to be some truth to the idea that they want the tools gone more than they are worried about the money… if you don’t buy it, someone else will.

It sure makes you not want to pay flea market prices… at least for something that isn’t a white whale. Once a tool dealer has it, I rarely want it anymore. I want to pay what he paid.

Plus, the boomers and the greatest generation have the best mid century modern. We are in the end of days for large amounts of mid century modern… pretty soon… ugly *** 70’s stuff, and newer… and that doesn’t even make it wiggle.
 

ecotec

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Going by what the “usual suspects”, at the estate sales I go to, say… the market for vintage things, of many categories, is softening. The top end of most categories is not softening. The Japanese are spending more money on vintage clothes than ever.

Local discretionary spending is down, so finding the biggest market (probably EBAY) for your items is more imperative than a couple years ago.
 
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