Antique dealers hurt by tough economy

STRATFORD - Antique dealers in Connecticut say the slumping economy has forced them to drop prices, creating a potential boom for collectors.

Dealers say prices have dropped in the past year, but some collectors have capitalized and added to their collections. Ron Ritacco, who has collected antiques for five years, says he knows a bargain when he sees one.

?When I first started, [prices] were reasonable, then they went up slightly,? he says. ?I've noticed in the past two years they've gone down.?

Stephen McKay says his antiques sales have dropped 15 percent in the past year. ?People just aren't spending the big bucks anymore, they're spending half of what they did - a quarter of what they did,? he says.

According to McKay, furniture is taking the biggest hit. ?If you're used to selling big pieces of furniture, you fade away from that and sell smaller items,? he says.

Bruce Bruchac, who has been buying and selling antiques on eBay for three years, knows that money is tight.

?I guess in today's economy people are a little shrewder in what they're willing to bid on,? he says.

advertisement | advertise on News 12

Trending Video

Police say they are investigating a shooting in 1 Police: 22-year-old shot in Bridgeport
Officials say the incident happened around 2 a.m. 2 1 injured in Stamford shooting
News 12 asked viewers what they thought of 3 Connecticut Talks Trump: First 100 Days
Police say a Bridgeport man was shot multiple 4 Man shot multiple times in Bridgeport apartment complex
Trump's road to the White House, paved in 5 Trump's 100-days vows: Hits, misses, unfinished business

advertisement | advertise on News 12

Features

Focus on Connecticut Focus on Connecticut

Features local, state and federal officials discussing the issues around southwestern Connecticut.

Celebrates African-American culture in southwestern Connecticut. Our Lives

Celebrates African-American culture in southwestern Connecticut.

Each week News 12 Connecticut introduces you to Hometown Hero

News 12 highlights people who give to the community.

We spotlight a local team each week. Connecticut Team of the Week

Each week News 12 Connecticut highlights a team from a local school.

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE