Atasbid is a new spin on the quintessential antique shop. Founded in 2018 by Goh Seng Ngee, Atasbid retails their antiques via online auctions. Their auction lots regularly feature hidden gems, such as ancient ceramic vessels, intricately-carved statues, and paintings by notable artists. Each item is carefully inspected and curated by a team of experienced professionals before the auction begins. This team maintains a strict level of quality for the items, and also provides an indicative value for each one of them. To give their customers even greater peace of mind, Atasbid further welcomes prospective bidders to view the antiques in person at their physical showroom in Chinatown, where the lots for upcoming and ongoing auctions are displayed prominently for ease of inspection and authentication.
Atasbid is constantly sourcing for antiques for their auctions, and they also provide a service for those seeking to offload theirs. It is not uncommon for families to discover forgotten antiques gathering dust somewhere in a storeroom while spring cleaning their homes. The process of selling these relics can be a tedious journey – they have to send the item for an appraisal first to determine its origin and authenticity, before searching for the right collector who will appreciate its value and pay a fair price. By encouraging people to consign their antiques to them for auction, Atasbid aims to reduce this hassle. Consignees sometimes walk away with unexpected windfalls too, when their antiques turn out to be particularly valuable.
Today, some traditional antique shops face a range of modern challenges, such as reduced demand caused by changing consumption patterns, diminished presence in a digitally-connected world, as well as higher rent. By going online, Atasbid breathes new life into the conventional manner that these antique shops do business. They hope to find a new audience by reaching out to the younger, more tech-savvy demographic, while staying competitive in this traditional industry with their low commissions and transparent auction practices.