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September 26, 2017, 07:37 PM

Baby boomers and millennials driving the vintage marketplace

By Sara Morel

1960s Kalmar lamps from The Rub Antique © The Rub Antique

 
Edwardian oak desk from The Architectural Forum © Architectural Forum
 
Antique leather fire buckets from Haes © Edward Haes
 
17th century Louis XIII French stone chimneypiece by Wharton Antiques © Wharton Antiques
   

Texas, USA - Vintiquing is all the rage in Texas, where the organisers behind a flea market in Houston coined the word. A hybrid of vintage and antique, the Vintique Flea was born, and along with it a marketplace designed to attract baby boomers and millennials alike. The gap between items that can truly be sold as antique or vintage is greater than the generation that separates the youngest baby boomers to the eldest millennials, but according to PRWeb's story with Karen Underwood, the co-owner of Vintique Flea, they both have significantly different preferences that antiques and vintage merchants should address.

'Baby boomers are more likely to have an oversized suburban home with a collection of antique chairs, a large dining room table that has been in the family for multiple generations, and a set of heirloom china, as well. Meanwhile, millennials tend to live in urban apartments with a variety of décor and an assortment of dishes they've collected over the years…When it comes to traditional antiques, millennials are staying away from the bulky, heavy furniture, ornate china and crystal of years past. However, they do tend to gravitate towards items that bring back pleasant childhood memories.' Interestingly, Underwood has found baby boomers are more likely to collect heirloom pieces, whereas millennials look for high-quality, long lasting items that will stand the test of time. Both of which are future proofing purchases for the forthcoming time they have in mind.

I personally think the best birthrights include architectural antiques. However, I am not clear if my affinity for heirlooms means I buck Underwood's trend or conform, as a millennial for whom she says architectural salvage is more likely to resonate with.

Millennials may have surpassed baby boomers as the largest living generation, but both are driving the antiques and vintage market with a spending power of $600 billion a year in the US. Millennials are not as attracted to big-ticket items, such as cars and luxury goods, as they prefer to spend their money on unique experiences like music festivals or travel. Even if the generations have different reasons for their interest in antiques and vintage items, the local food trucks and act of scouting out items at Vintique Flea is an experience the whole family can enjoy.

Images are all antique or vintage items currently for sale on the worldwide SalvoWEB online marketplace for salvage and antiques. See the link below.

Sara Morel, Reclaimed Woman

Read the full article on PRWeb with Karen Underwood
SalvoWEB

Story Type:  News

ID: 102317

        
 
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