Image courtesy of Lance
Image courtesy of Lance

There are many different places that people choose to invest their money and art and antiques is one of these, it can be very good, particularly if you buy pieces before they become popular and so get a good price and find that their value goes up a lot. However, even if you watch a lot of antique programs on the television and do your research, there is no guarantee that something you invest in will be worth money in the future, so how do you choose?

The first thing to look for is condition. If something is not in good condition then it will not sell for so much money. Therefore not only do you need to make sure that you buy something that is in good condition to start with, but you also need to make sure that you will be able to keep it in good condition. This could mean that you store it in the right humidity and heat conditions, can make sure that it will not get broken or that it does not get worn. You also need to make sure that when you buy it, you trust that you or someone with you, can check it to make sure that it is in good condition when you buy it.

A tip that many people give is to buy something that you like and will enjoy. This means that even if the value does not increase, then you will get some pleasure out of the money that you have spent. This is good advice for those that will be displaying the items that they buy, but this may not always be the case anyway. You may be buying coins, stamps or other small items that do not get displayed in this way. However, if you find an item attractive, there is a possibility that other people will as well.

Price is also very important. You will only get a good return on your investment if you can sell it for more than you buy it for. This means that you need to make sure that you pay the best possible price for it. Therefore you will need to do your research beforehand to make sure that you are aware of what people are paying for this specific item so that you do not pay too much. If it is priced very low then you should also wonder whether there is something wrong with it.

The highest profit to be made is from buying something new from an emerging talent that is likely to go up in price in the future. It could be a cheaper way to buy things too, but it is a very competitive business and only a few will become extremely successful and therefore worth a lot of money in the future, so take care with this and do some research on how to do this before you start.

All investments can be risky but one thing to bear in mind with art and antiques is that there is a risk of them being stolen or damaged. Therefore you may need to take out insurance to cover this risk and this will be a cost that you need to account for when considering whether it is a good investment.