Rare antiques buying tips
Antique collection which was once pursued by art lovers is now viewed as a hobby for people of all age groups and also as an alternative form of investment. Antique collection may not be a conventional method used to make money, but if you learn, what sort of items to look for and how to use rare antiques, you could be in for a potentially large return on your investment when compared to the low interests you get on your savings. Obviously rare antiques are those that fetch you more money.
Rare antiques give you a chance to fetch more money from the market, but you always need some expert suggestions which cushion you from the potential risks factors like:
• Investments in Antiques are unregulated
• It is a very small market, as there will be only a limited number of buyers
• There is no liquidity
• You might not be able to sell, when you want to
• Price movements change based on demand and supply. There is a possibility for a big upward as well as downward swing or even a possibility for your collection to go obsolete if there is no market for the product.
It is always advisable to keep some important points in mind while purchasing rare antiques:
• Buy from established dealers- to identify if they are established dealers, check out if their members of the Antique dealers Association and for how long they have been so.
• Investing only on things you like, will save you from a lot of stress, in case you are not able to sell the antique. In such a case the appreciation or depreciation in value will not affect you and just in case, you are able to sell it at a high price, it will be a financial bonus
• Look for rust spots if you are buying Ming porcelain. The red mark at the foot brim, the dragon, fish and floral designs indicate that the piece is original and the marking underneath indicates how old it is?
• Rare antiques are categorised as those, which are different either in shape, color or design. Choose the one that is likely to capture the attention.
• Be careful and ensure that the piece has not been restored.