January 11, 2020 - Antiques, Art and Collectibles
I was so excited and proud of myself for getting my own place. And I could make it look the way I wanted.
After signing the lease and paying my first month’s rent, I was ready to furnish it. At this time, I had no idea how much a bed frame could cost until I visited Art Van. I had no where near the amount of money it would cost me at Art Van, so I thought long and hard for an alternative. And I remembered a pawn shop close to me was selling all kinds of furniture.
If you’re thinking about selling or pawning furniture, there are pawn shops ready to do business. Here are a few tips to help you get the most cash for your furniture.
No one, including pawn shops, will buy furniture from you that’s dirty or smelly. Make sure you have that cleaned, and take care of any odors. Furniture with upholstery can be steamed to take away any dirt and odors. But it’s worth knowing that your furniture doesn’t have to look new. Antiques can be uniquely valuable to the right pawn shop.
Pawn shops are middlemen. When they buy from you, they’re planning to resell it – which means that you’re almost always looking at getting paid 30-50% of retail. Keep in mind that durable or high-end furniture is the most likely to garner an offer; furniture from IKEA, in general, won’t bring you high or many offers. But if your furniture is an antique that belongs to a period valued by collectors (Mid Century Modern is very hot right now) or made by a high end manufacturer, then you can expect more. For example, furniture manufactured by the Heywood-Wakefield company has built up a following. Some of the rarer pieces can bring $2,000 or more. It pays to check; google your exact piece or check a Facebook group to gauge a price that’s fair.
David Stiebel is one of the cofounders of PawnGuru. David was educated at MIT, where he studied Math. He subsequently worked at Bain as a data scientist before starting PawnGuru in 2015. He started PawnGuru to build a better tool for pawn shops and consumers to connect.More Articles