21 Feb 2020
November 28, 2017 - Filed under: Antiques News — Mark

The latest retail figures show that UK sales increased by 0.3% in September and October 2017. Part of this increase is from increased purchases of art and antiques.

The annual sales figures are down 0.3% compared to 2016, but this is better than the 0.6% decreases that retail analysts predicted. The Office for National Statistics (ONS), which compiled the figures, noted that there has been a marked increases in the purchase of second-hand goods, including charity shops, auction houses and antique shops.

Kate Davies, a senior statistician at the ONS, said:

“Growth month-on-month in October was particularly strong in the second-hand goods sector, which includes auction houses and antique dealers.”

There was an increase in the Bank of England’s interest rates in November 2017, but there is no sign that this has affected people’s spending habits. With Black Friday sales and Christmas trade, the retail sector expects retail sales to be good for the rest of 2017.

The ONS figures reveal that the British public is still fascinated by antiques. TV shows such as The Antiques Roadshow inspire people to search for antique treasures.

The Lancashire area has a number of quality antique shops where you can find fine examples of late Victorian furniture, French ormolu mounted vitrines and other antiques. Your purchase of an antique chair may not make a large difference to the national retail shopping statistics, but high-quality antique furniture will add beauty and elegance to your home.

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