Today I talked a while with an owner of an antique shop. There’s almost zero interest in decent antique furniture. Massive oak remains unsold, while it lasts hundreds of years. People are buying as cheap as possible. He is shifting more and more towards small “antique” bracelets, rings and other junk that they usually just receive for free when they clear houses. This couple of euros junk just sells. He also had a couple pairs of shoes of old brands, they last a lifetime, they are basically new but “old fashioned”. I asked him how old he thought my shoes were. Couple years he answered but still looking good, easily fixable, old fashioned way. Told him, 3 new soles, 1 new inner work. 21 years old. Wore them couple of times each month… He said the best pairs should last 40 years wearing them weekly. You can still find a few manufacturers in Europe… Low time preference shifting to high preference in the antique market was not something I was expecting to see. Fun part, the fridge he had reminded me of @BitPopArt 😂 image
Europeans waiting for the ATH…
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