In every field, there is a unique jargon that defines the way people communicate. Whether it's in pawnshops, art circles, stock markets, comic dialogues, or even Beijing opera, each community has its own set of specialized terms. Jargon, by definition, refers to a specific language used within a particular industry. Only those who are well-versed in the field can fully understand and use it. It’s like a river — flowing smoothly among those who belong to the same circle.
In the world of antiques, seasoned collectors and experienced dealers have developed their own lingo over time. These terms can be confusing for newcomers, especially those who are just entering the market. To help bridge this gap, we’ve compiled some of the most commonly used jargon in the antique furniture trade.
**Licensed**: This term typically refers to "big road goods" — mass-produced items made by artists or craftsmen for the general market. These are not considered high-end or exquisite pieces.
**Take Points**: This means acquiring antiques with the intention of selling them at a profit. It also refers to "fast goods," items that are easy to sell quickly.
**Loss**: In the context of antiques, it means a financial loss. If an antique dealer buys something they can't sell, or have to sell at a loss, it's called a "loss." Antiquarians fear both losing money and making mistakes in judgment.
**Stinky**: Literally meaning "rotten," this term describes items that are disliked or difficult to sell. However, it also refers to things that were once valuable but have lost their appeal due to being overexposed or unsold for too long. These items often end up at lower prices, which makes buyers hesitant. Antique dealers prefer to deal with items that haven’t been widely seen before.
**Live**: When an antique merchant takes an item from another dealer without paying immediately, it’s called "live." The rule is that if the price is good, you can only sell more, not less. There must be trust between the parties involved. The person who pays "live" usually doesn’t have to pay extra fees, while the one who takes the item can increase the price later, a practice known as "wearing a hat."
**Matter**: A 10% commission given to someone who helps sell an item is referred to as "raising a little." This is a common practice in the antique business, and it ensures that others remain motivated to assist in sales.
**Evenly**: Instead of saying "buy," antiques traders might ask, “Can you give me this word?†meaning “Can you sell it to me?â€
**Let**: Rather than saying "sell," they might say, “This piece of porcelain will be given to you.†It’s a polite way of offering an item for sale.
**Take**: When an investor decides to buy a collection, they might say, “I took this collection.â€
**Insiders**: Refers to other professionals in the antique business — peers who understand the trade.
**Runway Children**: These are middlemen who facilitate transactions between buyers and sellers. They may be friends, family members, or professional brokers who don’t invest themselves but help make deals.
**Copying the Road**: This is when a buyer and seller bypass the middleman entirely, avoiding any agency fees and preventing the "wearing a hat" practice. This is considered unethical in the industry.
**Eyes**: Refers to a mistake in judgment — buying a fake. The entire antique business relies on sharp eyesight, and a poor decision can lead to big losses.
**Missing Children**: This term is used when a seller undervalues a genuine item, leading the buyer to get a good deal. The seller may claim they sold it out, while the buyer calls it a "leaky child."
**Road**: This refers to the quality or value of an antique. For example, an ancient bottle is considered higher in value than a plate, similar to how "goods" are valued in appearance.
**Leather Shell**: This term describes the aged appearance of old objects. Items like bamboo, wood, lacquer, or bronze may develop a thin, oily layer over time, known as the "leather shell."
**Selling**: When an item is not authentic or lacks high status, but is still in good condition, it may be described as "selling." These items are popular with buyers. On the other hand, if an item is real but dirty or unrefined, it may not be welcomed — meaning it's not "sold."
**Palm-eye**: This means having a knowledgeable person check an item before purchasing, to avoid mistakes in authenticity. Those who do this are said to "have someone watch their eye."
**Evil Price**: An unexpectedly high price.
**Stretch**: When a dealer wants to buy or sell but delays the transaction to create pressure, it’s called "stretching." This tactic is used to manipulate the deal in their favor.
**On the Package**: A term used when an investor wants to purchase a collection and asks the seller to wrap it up.
**Roll Up**: Similar to "on the package," this term is used for items like calligraphy, paintings, or rubbings.
**Leave It**: This means the collector has decided to take delivery of the item.
**The Question Is**: When a collector wants to buy and the operator agrees to handle the item.
**Useless**: When neither the collector nor the operator is interested in proceeding.
**Back**: When both parties decide not to proceed with the transaction.
**Fang**: A slang term for 10,000 yuan (RMB), derived from the Chinese character for "ten thousand" plus a small square.
**Hang**: Refers to 1,000 ancient coins, now commonly used to mean 1,000 yuan.
**One**: This term is not about currency quantity, but rather the unit of banknotes. Its value fluctuates with inflation. In the 1980s, one "one" was worth ten yuan; by the 1990s, it was around one hundred yuan.
**Miko**: A term used to refer to the US dollar.
By understanding these terms, new collectors and traders can better navigate the complex world of antiques and avoid misunderstandings in communication. Whether you're an insider or just starting out, knowing the lingo can be the key to success in this fascinating and sometimes mysterious trade.
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