It is important to know that an antique is describes as an item with at least 100 years of age in existence. Collectables, on the other hand, are usually viewed as objects of value that the general public normally collects for personal or professional use. There is a need to learn something of the history and development of all aspects of antiques, come to differentiate between the various periods and recognise factory marks and hallmarks. All of these are essential information to assist in the search for genuine antiques. Generally, the value of any antique is based on a number of variables including authenticity, condition, rarity, demand, quality and others.
Summary
Antiques and collectables are very precious historical items.
Historical proof of existence for an antique is essential to its true value.
Potential purchasers must avoid the costly purchase mistake of a fraudulent reproduced item
Authenticity
Since antiques are considered more valuable and expensive than collectables, before buying any antiques, consider if they are authentic pieces or only reproductions. While some reproductions have an intrinsic value of their own, real antiques are much better. When considering purchasing an antique, if possible, remember to ask the sales person or proprietor (who has knowledge about the prospective antique) about the history of the item. If certain of the authenticity thereafter, look for other signs of aging or original manufacturing dates. Rarity in the antique business is crucial. Mass reproduction for commercial purposes is extremely common. When deciding on an item, remember to consider if the antique says something interesting about the period in which it was created. An antique may be a one of a kind. However, reselling it may be difficult if it is not possible to connect it, in some significant way, to design elements of the time it was made.
Condition
Another essential attribute to reflect on, when buying antiques, is condition. Many antique experts advise collectors not to clean certain pieces, because the signs of age are part of the value. Some antiques are sometimes cleaned or restored before display and sale, (such as paintings), but it is important to be knowledgeable as to whether or not an antique can be safely restored. An antique sale price may not include costs for restoration or cleaning. Remember that any item in a poor condition has a poor resale value. The professional experts will usually correctly inform a prospective buyer that a normal amount of wear on an antique is perfectly acceptable. Patterns of wear lend to the legitimacy of the piece and help indicate its age.
Provenance
An additional feature to take into account, when buying and collecting antiques is provenance. This is the history of the antique ownership. Knowing the original owner of the item, and how they ended up with the antique, can be very valuable when resale is being contemplated. If the seller can provide ownership papers or photographs of the antiques, with recognisable ancestors history, this will prove advantageous. Antiques with provenance almost always retain their value better than those with unknown origin or ownership. Henceforth, it is easier to authenticate such antiques if the original owner can be identified, or a bill of sale still exists. Proof, in order to achieve the premium value of for an item, is indispensable. The essential advice here is that before purchasing any antique; ask for documentation, traceable descent of some sort, letters, contemporary reference or even pictures. Remember that there are dishonest individuals willing to pay for forgeries, and then resell them as genuine, to true antique buyers.
Appraisal and Certification
Appraisal and certification of an antique are essential. Here the fair market value of an item is emphasised. Fair market value refers to the price at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell. Such prices, in most cases, are derived from public auctions or a free and open marketplace. Remember also that trade certification or official recognition is reassuring. Not all auction-house specialists are members of a licensed organisation. Being certain to obtain references, while attempting and preparing to purchase antiques and collectables, is essential. It is comforting to know that the person dealing with your prospective purchases is a professional, who will appraise these special items correctly.
Conclusion
Be aware of some of the essential characteristics for consideration when purchasing an antique or collectable. Genuine antiques with current, known and traceable history will make a difference in the current value and possible resale potential value of the item. It is critical to beware of counterfeit reproduced items, and to get professional advice from sanctioned antique and collectable experts. This will help to ensure, or, at least, reduce the possibility of making an expensive purchase mistake.
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