Collection - Antiques
Tricks for making money from antiques
Big returns are possible from antique collecting. One family tells what sort of £19.95 terracotta figurine bought an eBay has become worth £800.
Antiques is not be the most conventional method to make money but, given that you know what to find, they are able to provide potentially impressive long-term returns. June is one of essentially the most important months of the season for the antiques world, with all the International Art |
& Antiques fair at Olympia in London, which began Thursday and runs until June 16, attracting greater than 32,000 visitors.
Paltry returns from savings accounts in recent times have prompted many individuals to consider alternative investments like antiques, art and jewellery, but there are several risks involved – most famously that returns are faraway from guaranteed.
Patrick Connolly of independent financial advisers Chase de Vere said:
Paltry returns from savings accounts in recent times have prompted many individuals to consider alternative investments like antiques, art and jewellery, but there are several risks involved – most famously that returns are faraway from guaranteed.
Patrick Connolly of independent financial advisers Chase de Vere said:
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"Antiques investments are unregulated, which implies investors cannot choose instead the Financial Services Compensation Scheme and other body whether or not this all goes completely wrong. They are also illiquid, with few buyers, so you most likely are not able to sell when you'd like at the price and transaction costs might be steep.
"Those thinking about should take expert advice. However, these assets don't produce any earnings or income so price movements are based solely when needed and supply. This means there could be some big upward and downward price swings if some types of antique can be found in or outside of favour."
Here, we look at what novice antiques investors should be cautious about, and also some on the investments experts believe could generate the best returns in years ahead.
"Those thinking about should take expert advice. However, these assets don't produce any earnings or income so price movements are based solely when needed and supply. This means there could be some big upward and downward price swings if some types of antique can be found in or outside of favour."
Here, we look at what novice antiques investors should be cautious about, and also some on the investments experts believe could generate the best returns in years ahead.
- Buy from established dealers
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If you would like to be sure any antiques you get are the "real deal", obtain a dealer and look to see if they may be a member of just one of the two top UK trade associations, either the British Antique Dealers' Association (Bada) or even the Association of Art & Antiques Dealers (Lapada).
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at your residence for years into the future.
A spokesman for Miller's Antiques Handbook and Price Guide said: "Although you are going to no doubt involve some interest from the financial price of your collection, this ought to be seen only being a bonus. Just like any market, fashions and tastes change after a while. This means that an issue that is not valuable now can be so later on, and or viceversa."
Mark West, a professional glass dealer, said: "Eighteenth-century English glass for the top end remains a good buy. Large sculptural items from your late 1800s through to Art Deco are the ideal investment, after looking at gains of probably around 50pc in several years."
A spokesman for Miller's Antiques Handbook and Price Guide said: "Although you are going to no doubt involve some interest from the financial price of your collection, this ought to be seen only being a bonus. Just like any market, fashions and tastes change after a while. This means that an issue that is not valuable now can be so later on, and or viceversa."
- Look for original untouched furniture
- Choose prewar pieces if buying glass
Mark West, a professional glass dealer, said: "Eighteenth-century English glass for the top end remains a good buy. Large sculptural items from your late 1800s through to Art Deco are the ideal investment, after looking at gains of probably around 50pc in several years."
- Stick with big jewellery designers
Dealers advise opting for signed pieces by major designers for example Cartier, Tiffany or Van Cleef & Arpels if you're able to afford it. Rather than being tempted by what's popular now, they suggest wanting to spot the newest thing; by way of example, natural pearls went up dramatically 5yrs ago, but Mediterranean coral is beginning to go up now.
A spokesman from dealer Van Kranendonk Duffels, which specialises in European and American antique jewellery, said: "An expert will likely be able to determine if pieces from different periods happen to be put together, which does happen. Anyone checking jewellery need to have a loop [eye glass] in order to see properly."
"If you acquire a piece with original colour and patina it truly is much less likely to end up restored as French polish and waxed finishes can hide restoration."
Bear under consideration that many standard contents policies will need items to become specified if they may be worth a lot more than a defined amount, for example £1,000. Specialist high-value policies, however, have a tendency to need what to be specified only if merchandise is worth in excess of £5,000, £15,000 or maybe £25,000 individually.
Make sure you retain an up-to-date valuation on the items insured. Andrew Boldt, managing director of brokers Insurance Tailors, said: "For particularly high-value items, insurers might require evidence of a valuation before they are going to offer cover inside the first place."
The 41st Olympia International Art & Antiques Fair runs until June 16. Tickets cost £15. Visit olympia-art-antiques.com for much more information
Mr Blears, a director with a public relations agency put in place by Ms Shearn, said: "We happen to be dabbling in Art Deco collecting for quite some years and have accumulated a collection of about 50 or 60 items, including figurines, lamps, some glass and porcelain."
- Look for rare items
- Beware of fakes
A spokesman from dealer Van Kranendonk Duffels, which specialises in European and American antique jewellery, said: "An expert will likely be able to determine if pieces from different periods happen to be put together, which does happen. Anyone checking jewellery need to have a loop [eye glass] in order to see properly."
- Watch out for indications of restoration
"If you acquire a piece with original colour and patina it truly is much less likely to end up restored as French polish and waxed finishes can hide restoration."
- Remember to take into account auction costs
- Insure your collection
Bear under consideration that many standard contents policies will need items to become specified if they may be worth a lot more than a defined amount, for example £1,000. Specialist high-value policies, however, have a tendency to need what to be specified only if merchandise is worth in excess of £5,000, £15,000 or maybe £25,000 individually.
Make sure you retain an up-to-date valuation on the items insured. Andrew Boldt, managing director of brokers Insurance Tailors, said: "For particularly high-value items, insurers might require evidence of a valuation before they are going to offer cover inside the first place."
The 41st Olympia International Art & Antiques Fair runs until June 16. Tickets cost £15. Visit olympia-art-antiques.com for much more information
- Case study
Mr Blears, a director with a public relations agency put in place by Ms Shearn, said: "We happen to be dabbling in Art Deco collecting for quite some years and have accumulated a collection of about 50 or 60 items, including figurines, lamps, some glass and porcelain."
Among the couple's biggest successes to date is usually a terracotta figurine made from the German factory Cortendorf, they will bought on eBay.co.uk few months ago for £19.95. It had some damage to your fingertips they will had professionally restored, along with the figurine has become worth between £600 and £800.
Mr Blears said: "We buy things at auction too, although they are always longer-term investments since the buying prices are high. One in the items we got a new few years ago was obviously a bronze figure from the sculptor Josef Lorenzl, which we paid £7,500 for but is actually worth £10,000 plus.
"The idea would be to build up a collection as being a nest egg for daughter the place that the investment will hopefully have outstripped most others, as well as have a little bit of fun and excitement inside the process.
"More due to your turn of events than good management, it seems like to be performing exercises that way. Deco has been doing quite well, while many other savings and investments will not be."
Mr Blears said: "We buy things at auction too, although they are always longer-term investments since the buying prices are high. One in the items we got a new few years ago was obviously a bronze figure from the sculptor Josef Lorenzl, which we paid £7,500 for but is actually worth £10,000 plus.
"The idea would be to build up a collection as being a nest egg for daughter the place that the investment will hopefully have outstripped most others, as well as have a little bit of fun and excitement inside the process.
"More due to your turn of events than good management, it seems like to be performing exercises that way. Deco has been doing quite well, while many other savings and investments will not be."
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