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“Jim Snider, auctioneer and owner of the Rockford Auction Centre in Owen Sound, Ont., says the prices realized for nearly all types of collectibles have been on the decline for about five years, but appear to have bottomed.
Mr. Snider, a past president of the Auctioneers Association of Ontario and a member of the National Auctioneers Association, says he speaks with dozens of auctioneers every week. “The common observation is that prices are down on almost everything collectible, particularly items that would be considered mediocre or more common. Items of superior condition and more rarity have been less affected by declining prices but have not dodged the depreciation bullet completely,” he says.
Krista Richards, senior vice-president at A Touch of Class Auctions in Barrie, Ont., says she thinks the recession has hurt auction attendance.”