Back during the 1990s people thought Beanie Babies would be very collectible and worth a lot of money eventually.
My sister had quite a collection, but she was smart and sold them while they were still being sought after. Turns out she made the right decision. Today you can find Beanie Babies for a dime a dozen at yard sales.
During that same time Longaberger Baskets were also very valuable and sought after from collectors. Turns out those items too are now sold at yard sales for a fraction of what they originally cost.
I myself bought a Longaberger Picnic Basket for $2.00 at a yard sale that originally sold for over $100.00 from Longaberger. Although I did sell it this summer for $5.00 at the flea market.
People used to think these types of collections could bring them a lot of money down the road, but that turned out not to be true. Nowadays these items can be found at yard sales for a fraction of their original cost, leaving many people out of a great deal of money.
Look at the price that some people pay for new movies, new books, and TV shows on DVD. Since these items are mass produced and there are so many copies out there, they quickly lose their value. Of course a frugal person will use this to their advantage and wait to buy these items when the prices goes down.
After working at the flea market this past summer I have come to the conclusion that many items do not hold their value.
I had one item marked at $4.00 for a couple of weeks, but finally lowered that to $2.00 just to try and move it only to have someone ask me to take even less for it.
I watched as item after item sold for much less than I thought it would go for and my prices were very reasonable. I priced my items so I could move them and not have to bring them home at the end of the day.
I even had one lady, a repeat customer, tell me I didn’t have anything she needed that day, but she always checked out what I had because my prices were low. I wasn’t in this to gouge people, but rather to make money, so I kept my prices very reasonable.
The flea market experience seriously made me question almost everything I purchase now. I don’t know if I will ever buy something that is not useful or an absolute must have purchase without giving it some very deep thought.