Thursday last started with the usual 'Blackpool Breakfast' (a gallon of sweet black tea and 20 cigarettes) at 'The Daily Grind Cafe' in Spitalfields. Sat outside reading my paper and wrapped up warm against the cold of the early morning in London. An old trader joined us, offering a cigarette as he sat down. All of us just sat in quiet contemplation of the world of the market trader in a city just waking up.
Trade, as I have stated earlier, has been really slow for the last few weeks. I have been earning about £0.90 an hour after taking out all the costs of transport, paying for the stall, and deducting the cost of the items sold. I am not complaining, just stating a fact.
It is a little frustrating when customers think that they are at a Car Boot Sale, (Garage Sale for our American readers, and Marche Aux Puces, for the French) rather than an Antiques Market. 'Champagne products at Beer Bottle Prices' is not the banner hanging above my stall!
I was discussing this with another trader in the afternoon over a cigarette. Everyone wants a bargain, and most people if they are canny, get one. However, those that seek something for nothing can be rather depressing, and particularly when it is another trader who screws you.
The Elephants foot has had a few mentions in this blog as the 'Marmite Foot': You either love it or hate it! lol Well, one of the other traders did love it, so much that he offered £500 for it. As was pointed out to him, £500 is a lot of money, however, the person that owns the foot wants that much returned to him, so would leave us with no profit whatsoever. No matter what we said, he was not prepared to up the offer even by £5 to give us a return on all the effort we have taken with the foot over the weeks. In fact, his response was 'Give the supplier £450 and pocket £50 for yourself!'
I did not deal with this person, it was my partner. I would have walked away, forgoing selling the foot for our friend out of principal. (The friend is a little short of money at the moment, so it would not have been good for him, but it would have made me feel better)! Hand shakes were made and goods and money exchanged, leaving a sour taste in my mouth for hours to come. So much so, that when a customer unsubtly implied that my price on an item of trench art was too high, I unsubtly replied that I could get the same price on the same item any day of the week, before taking a swift cigarette break.
I was a little abrupt, and I should not have been, so I publicly apologize to that customer here, although I am sure he does not read this blog. However, this gives me the opportunity to state how I come to the prices that I put on items.
There are a couple of pricing systems that I have. One is quite straight forward, as with the Elephants foot: The supplier wanted £500 returned to him on the item. My research on the internet showed one selling at a London Auction House at £1500 in 2010 which was not in the same good condition. We priced it at £750, a mark up price of only £250. Of that £250 we get 25%, or £62.40 shared between two of us, or £31.20 each. This may seem a good return on an item that we have not paid for, however, the rent of a stall is between £35 and £55, Parking costs £12 and then there are the running costs of the car, the storage and transportation of the item up and down a flight of stairs at 4.30am and back up at 8pm. 15 hours a day on your feet, and the effort in trying to sell the item for the same amount of time.
The trench art, and other items belonging to my partner and myself, we have sourced in France. Contrary to popular belief, this is hard work. Here is the Itinerary for our last trip:
Friday: 11:30pm picked up from work (not having eaten all day) straight into the car travel to Dover.
Saturday: 5am get up, cup of tea, into the car. Check in 6am, Sail 7am. Disembark 10am.
Drive direct to first of 5 markets on our way to the Lille Braderie where we arrived at 7pm. Sandwich and cup of tea (our first food of the day) negotiate the literally miles of stalls and come away empty handed at 10.30pm to sleep in the car over night.
Sunday: on the road by 6am, nothing to eat or drink. Visit 3 markets in the first 4 hours before we get a cup of tea. No items bought. Visit 5 more markets, catching the last one as it was closing at 7pm 100 miles from Lille. Sandwich (first food of the day) and a glass of beer before travelling directly to Dunkirk, check in at a cheap Etap Hotel approx 10pm before searching for somewhere open for food.
Monday: Sail from Calais to Dover, drive from Dover to London and unpack the car when we arrive.
Why I point this out, is that when an item is bought for 15 Euros on a family holiday, it bears no resemblance to the price of a similar item when it appears on my stall because it was not bought on holiday, but on a 3 day working trip, with the subsequent costs of it appearing on a stall for however long it takes to sell. It also has to reflect the days when we walk away from a market without making a penny, and, in fact, making a financial loss.
Our take home on Thursday was £37 between two of us on sales of approximately £700, so, although we love the banter of bargaining and the game of 'Best Price', when you are told at a stall that 'that is less than I paid for it,' the price paid for an item can be only a small part of the real cost to the trader.
One of the other parts of this trade that I love, is to take something that no one else would look at, cleaning, repairing and bringing an item 'back to life.' This can entail many hours of hard work and a lot of vision! lol
I spent Wednesday evening with my Antique Dealer and Proprietress, Dee, restringing a beautiful old Chandelier for her. This part of the really creative aspect to being a dealer for me, and so satisfying once it is finished.
My latest personal project is an old silver trunk that I bought off another dealer. It had only just arrived in his shop and looked a real mess. After many hours of cleaning and polishing (still not complete) it is beginning to really come back to life and has a great story to tell. It belonged to Lt General, His Highness, The Maharaja of Jaipur! My research has unearthed the fact that he was the last reigning Maharaja of Jaipur and the First Indian Ambassador to Spain. It is covered in labels that cover both stories, and on one of the metal straps that bind it, is a smudge of pink paint that I have carefully preserved. Watch this space and I will upload photographs when the task is complete.
Having spent the weekend with family, and rushing home with the impending 'Great Storm' looming over us, it was with relief that the weather forecast at Midnight placed the storm just outside London by 5am. Although still blustery, the heaviest of the rain had passed us however half of the traders could not make the market, leaving poor 'Mike the Market' looking rather worried. It is not just the traders that take risks with markets, it is also a financial liability for the organisers who rely on the rents paid for 'pitches' to put food on the table.
To add to the gloom of a half empty market, the tail end of the storm and a windswept hall, the sound of breaking glass was not just from the stocks of crockery being blown off stalls, but from a piece of scaffolding crashing through the roof! A bad omen for the day?
Due to the lack of traders, we were given extra space to move our stock on to, and I hope we did it justice. Our illuminated glass display cabinet has become a bit of a trademark for the stall, but I thought that it was time for a bit of a change, so placed candlesticks that I have been polishing (out of boredom! lol) for the last few weeks into it and put the trench art shell casings onto the table.
This seems to have been a good move, as it got a lot more attention than previously, and gave many a father the opportunity to explain their significance to awestruck children. It also gave the ability for people, not only to see, but to feel more confident to pick them up and examine them more closely.
The trench art is my pride and joy, and I have spent many hours researching each and every piece. These are artefacts that make me quite humble in the face of them, and am reminded of the biblical entreaty of 'Turning Swords into Ploughshares,' which is, in fact, the name of my other blog: http://trenchartswordsintoploughshares.blogspot.co.uk/
One person was particularly interested in a beautiful piece picked up on my last trip to France, in fact, it was the last thing that I bought at the last market the we went to (as described above). Having spent about an hour discussing trench art in general and the piece in particular, she told us that she would see if she could get any more money out of the bank to buy it at the agreed price. A little while later she returned very disappointed, and having bought a pair of insignificant WWII undecorated German Anti Aircraft shells, she admitted that the ATM said 'NO!', and that all she had was Dollars. 'Make me an offer.' 'I really would not want to insult you or your beautiful collection.' Laughingly, I told her that 'Offering cash is never insulting when offered with a true heart.' Dollars exchanged, a happy tourist will be smiling all the way back to 'The States,' and will call to see us on her next visit to her friend in London.
This was the second time that we have taken foreign currency, the first being earlier in the day, and my partner had guessed the exchange rate almost to the penny! This is a service that we will develop in the future to make life easier for our customers, and let them know exactly how much they are spending.
After all of the doom and gloom of the morning, Monday turned out to be not a bad day, and, as ever, we got to meet some of the most lovely people, some who were just interested in the stock rather than interested in buying it, but it passes the day, because it is not all just about selling.
Having said that, the last sale of the day was a 1950's radio bought for £29.99 which sold for £23. At least it frees up some cash to buy new stock and refresh the stall! lol
**********UPDATE**********
1. Smartie, the Harriet Houdini of the hamster world has been returned home after a 3 day holiday in the bedroom!!
2. When I checked my e-mail last night, I found this waiting for me (Check my previous posting to see the context):
Yesterday at the Royal Hospital Chelsea I was given a bound copy of our 1915 Regimental Journal that I believe had been found and passed on by you and I am writing to thank you very much for such a thoughtful and generous gesture, I am most grateful.
The specific copy was dedicated to Pte King who died when the Royal Edward was sunk on its way to Gallipoli in 1915 along with over 200 other reinforcements from the Hampshire Regiment. Copies of the WW1 Journals are most useful as we do not have many spare copies and we receive over a dozen requests for information about relatives from the public for that war, this Regimental having had over 8,000 killed.
Thank you once again.
With best wishes
Colin Bulleid
Lt Col Colin Bulleid
Secretary
The Royal Hampshire Regiment Trust
Serle's House
Southgate Street
Winchester
Hampshire SO23 9EG