In the Eye of the Beholder

In the picking world we see a lot of people's stuff. A LOT. I've only been doing this for a few years but I'll try to lay down an estimate of how many items I see on a regular basis. One of my haunts is ShopGoodwill. This is where I first started picking and where I did a lot of my brain training.

Every weekday my local Goodwill posts a minimum of 400 new items. And I look at Every. Single. One. Let's do some math here... 400 items a day @ 5 days a week is 2000 items a week or 8000 items a month.

This does not include all the items I see at thrift stores or estate sales. Suffice it to say I see at least 10,000 items a month. You can see how after 6-12 months it would be fairly easy to identify the common from the unusual.

Each time I spot something new, I go to eBay and see what people are asking for it. In the early days I spent hours doing this, looking up items every few minutes. Now I look up mystery items maybe once or twice a day. After a year or two you develop an instinctive radar for the odd man out.

This is an important part of picking. You can't always buy the stuff you know. You have to be looking for new trends and new categories to branch into, otherwise you risk stagnation. So it's helpful to have "oddball" radar. Often I'm attracted to an odd item just because I want to learn more about it. For a lot of pickers this is part of the excitement -- finding a weird object and figuring out what it is.

The great part about this business is that everyone's radar is different and often tickled by different things. I don't have the same mental catalog that the next guy does. Some things slip by my radar and other things slip by theirs. This is what makes an estate auction exciting... in real time you find out how committed the other bidders are to an item you want.

And sometimes you get a great item for cheap. In short, it slipped through everyone else's radar. Or the right bidders just weren't participating that day. Which is how I ended up with this:

Clearly most of the buyers looked at this and saw a kinda ugly pottery item. I had never seen one of these before but I know from my Etsy store that people like figural planters and sometimes they're attracted to ugly. Beauty is in the eye of the beholder after all.

No one else would bid on it -- so I did. I bid $5. No one else even countered. I figured at that price surely I could make a modest profit on it.

Once I got it home I started researching. The only similar objects I could find were very old. Like 1800's old. And I was seeing some really high prices for those things. After running the info past hubby, we agreed that we needed an expert opinion. For $10 you can submit photos to ValueMyStuff.com and a pro will give you an appraisal. We decided to splurge and get one.

Our appraisal came back with the assessment that this is an 1870s era majolica item, likely made by Minton. Minton is probably the most collectible maker of majolica from this time period. Even with an old repaired leg, they gave this piece a $1000 insurance value.

Now obviously we didn't sell it for that! The retail value is closer to $500 and even that depends on how determined buyers are to have it. Given our low cost, we opted to go for the quick sale and post it for $299. After a couple of price tweaks we eventually got $275.

Lest you think that picking is all about big profit, I keep a silver bowl in my house as a humble reminder of bad radar. From the photos I was pretty sure it was an antique silver bowl. Unfortunately when I got it home there was a sticker underneath for Target, dated 2003. I keep it just to make sure I don't get cocky :)