What you should know if you want to sell antiques in Madrid

Earning some extra money never hurts. Antiques are an eternal value that can help us take a trip, give a gift to a loved one, advance with the mortgage, or pay for your child’s education, among other things.

Examples may include antique jewelry, furniture, or artworks that you may have inherited. In fact, many younger people today simply do not want to keep the antiques they inherit, so those family relics are often acquired by local antique buyers specialized in buying and selling antiques.

Madrid’s most reputable antique dealers have been located in the legendary Rastro for over 75 years, along the Ribera de Curtidores. For the most discerning tastes, antique merchants and those with coveted items have evolved, and we can buy and sell objects that can be treasures for those who know how to value them.

Want to get rid of a valuable piece? Have you received an inheritance and don’t know its value? Approach these commercial squares.

Antique buying and selling and treasure shops

If you are looking for an antique shop to sell antiques near you in Madrid, you have come to the right place. In our galleries, there are about thirty specialists in different valuable objects. Each antique shop belongs to reference merchants in their niche, which have made the Nuevas Galerías a reference center for antique buying and selling in Madrid, located in the La Latina neighborhood of the capital.

In the Nuevas Galerías, our merchants have been serving all those people who want to sell their antiques in a trustworthy place for over 75 years, where they know they will receive honest and professional treatment.

You will receive completely personalized and close attention, with the security and peace of mind of knowing that you are going to make a fair deal.

Legal and Tax Aspects

As you venture into the world of antique sales in Madrid, it is crucial to familiarize yourself with the legal and tax aspects involved. Firstly, if you are considering selling antiques on a regular basis or as part of a business, you may need to obtain a specific trade license. Madrid, with its rich tradition in the antique trade, has regulations designed to protect both buyers and sellers, ensuring the authenticity and provenance of the pieces.

Regarding taxes, the sale of antiques may be subject to VAT (Value Added Tax), although there are exceptions and reduced rates for certain types of items and transactions. It is important to keep detailed records of each sale, including descriptions of the items, sale prices, and buyer details, to comply with tax obligations. Additionally, if antique sales exceed a certain income threshold, it may be necessary to declare this income in the annual tax return. Consulting with a tax advisor or an expert in cultural property law can provide clarity and ensure compliance with all relevant regulations.

Trends

In Madrid’s ever-changing antique market, staying up to date with the latest trends is essential for sellers looking to maximize their profits and attract passionate collectors. Currently, we are seeing a renewed interest in pieces with historical and cultural significance, especially those that tell a story or reflect a specific artistic period. Mid-century furniture, art deco jewelry, and post-war artwork are experiencing particularly high demand, attracting both serious collectors and interior design enthusiasts.

Another notable trend is the growing appreciation for sustainability and craftsmanship in furniture and decorative objects. Pieces that stand out for their exceptional craftsmanship or that have been carefully restored are gaining prominence in the market. Additionally, in the digital age, online antique sales have become an important channel, expanding sellers’ reach beyond geographic boundaries and allowing buyers to discover treasures from around the world from the comfort of their homes. Staying aware of these trends and adapting your inventory and sales strategies accordingly can position you favorably in Madrid’s dynamic antique market.

What antiques are usually sold the most?

Inherited jewelry.
Antique furniture.
Antique furniture.
Art of various kinds.
Collection items that we have inherited and that are not of interest to us.

Tips for the seller

Research the value.
Consult with different experts.
Prepare a presentation.
Goals: antique dealers, professional designers, and decorators.
Do not settle for the first offer.

As an amateur antique seller, it is essential to know your products and keep your selling space organized. It is advisable to start by selling small pieces and establish a network of contacts with other sellers and collectors. It is also important to research the prices of the pieces you are going to sell and offer fair prices. In addition, technology can be a valuable tool to promote yourself and expand your reach. Participating in fairs and events and always treating your customers with respect and kindness are also key to success in the world of antique sales. And if you have inherited pieces from family or friends, make sure to research their value and learn about their history before selling them.