7 Ideas On How To Make Money On Antiques
Making money on antiques is not for dealers only. You too as an antique collector can make money without ever selling a piece. The key is buying the right piece. Here are 7 ideas on how to make money on antiques, or in a broader sense, the things you need to consider and steps you should take.
1. Purchase antique pieces from established antiques Melbourne dealers only
Every antiques dealer will use all the skills and efforts to try and convince you to buy particular piece from him/her. That’s just how business world function. It is in your best interests to buy antiques from reputable shops only. Do your homework beforehand and make sure the antique dealer is indeed reliable and offers only genuine items.
2. Buy antiques that you like
Always buy antiques that you like and will for sure display in your home. What’s the purpose of buying a piece and storing it in an attic or in a garage. Unless you are 100% sure you will ‘exhibit’ a piece, do not make a purchase. Avoid impulse buying.
3. Buy genuine antique furniture
When looking for antique furniture, make sure the item of your choice is genuine. Genuine antique furniture refers to furniture that has not been restored or treated in any other way. It’s a better option to invest in smaller but genuine antique furniture pieces, rather than to buy a massive one which is nothing more than a very good replica. For instance, you should purchase pieces such as chairs, coffee tables, smaller cabinets, etc.
4. Buying antique glass items? Look for prewar pieces
When ti comes to glass pieces, majority of antiques Melbourne dealers are likely to show you glass items from different historical periods. You will make the best investment if you purchase glass items that date back to the period before WWII. Moreover, choose carefully. Make sure the antique glass items are not damaged from over-polishing.
5. Purchase unusual antiques
It is always good to own something unconventional. Same applies to antiques too. Look for antique pieces with rare shapes and characteristic features. The eye-catching feature will help you sell it faster in case you decide to get rid of it.
6. Look for items that haven’t been restored
When buying antiques, avoid the pieces you can notice signs of restorations on. Antique items with original colour and finish are more valuable than the ones that have been repaired and renewed.
7. Take Regular Care Of Your Antiques
To ensure that your antique items do not decrease in value (in case you want to sell them in the future), it is essential to keep them in good condition. The best way to do this, is to take regular care of them. This said, you should clean your antiques regularly and protect them from external factors, such as sunlight, moisture and heat, that may cause damage.
Also remember, before buying any antique item, regardless if it is a piece of furniture or a glass item, ask the dealer to confirm the item is not fake.
