Baby boomer treasures heading to charity shops and tips, younger heirs don't
Younger generations reject inherited furniture; flooded markets mean little resale value.
Baby boomers are amassing possessions younger heirs don't want. When parents die, furniture, crockery and heirlooms often end up at charity shops or tips.
An auctioneer notes they are flooding the market and aren't worth much. Younger people prefer new pieces suited to smaller spaces.
They reject large dark furniture. One inheritor cleared his mother's estate: prized furniture sold for $100 to $300 and a toy car collection attracted no interest.
- $100 to $300
- Furniture price range at auction
- Charity shops or tips
- Market outcome
- Working fridge and washing machine
- Preference for appliances
Why it mattersIt challenges assumptions about inheritance wealth and the resale value of family collections; what feels precious to one generation may have little market value to the next.
AustraliaAustralian families managing estates may find that cherished possessions sell for far less than expected, and younger relatives may decline items outright rather than store them.
✓ Claims checked against the source. checked 6 d ago
