Buying antiques – How, where, when and why to buy antiques and collectables.
When buying antiques the buyer has a multitude of ways to buy, including online internet auctions, local auction houses, newspaper and classified ads, antique dealers, etc, etc.
But there’s only one way not to buy your antiques and that’s … Do not buy antiques unless you know what you are buying.
The UK is probably the best place in the world to search for and for buying antiques because of its rich history of invasion, conquest, trade and invention.
The UK probably has more genuine antiques per square mile than any other country. Almost every town and village has an antiques shop and all cities have a reputable auction house.
However, there is one Golden Rule when buying antiques. ‘ Only Buy The Things You Like ‘
Buy the best antiques you can afford and if it’s for your own personal use or collection, don’t worry too much about whether you have overpaid. The modern, probably inferior equivalent will cost a lot more anyway
What are the best antiques to buy?
Whether you buy from antique dealers, antique fairs, auction houses, or boot sales, always, always, always, buy the things that appeal to you directly.
If something appeals to your sense of style or your idea of beauty, you will develop a passion for it.
Whether you are buying antiques as an investment or for a collection or to sell them on; Always buy what you like and buy what you are interested in.
There is nothing worse than having an antique on your shelf that does not hold your interest.
You will never invest time in it or take the time to discover whether it has any hidden qualities.
If you buy something you don’t like, it will sit and gather dust for generations; and you or your children will eventually sell it for pennies.
Remember; When buying antiques the cheapest isn’t always the best and the best isn’t always the surest way to profit.
Antique auction houses and local antique dealers are usually cheaper than the big city outlets, but not always, and antique fairs held at your local county showground or exhibition hall can be among the most expensive ways to buy.
The best antiques to buy are antiques you like, if you want to keep them, or antiques that are in vogue or fashionable.
Just like clothes and interior decoration, antique fashions move in cycles and the best antiques to buy, to sell quickly, are the one’s that fit today’s fashions.
10 Top Tips for buying antiques. Memorise them and never present yourself as an amateur.
- When Buying Antiques, Always ask for discounts … No matter where you buy from. Many professional dealers will have a code marked somewhere on the item that you’re interested in and this will tell them exactly how low they can go. Something like X10 or X50 could mean they will discount up to that figure or go as low as that figure. Use your own judgment and always ask.
- Always, always ask about damage and/or restoration. If you don’t ask, they don’t need to tell you.
- Always, always, always handle the item — Get touchy feely … Pick it up, put it down, pick it up again. Look at the bottom, the top, the sides. Look from odd angles and use a magnifier to look close.
Never be afraid to pick anything up in a shop, at an auction, on a dealers stall or at any other sales event.
It’s your money you’re spending and you’ll only kick yourself if you miss a flaw, when you look again at home.
- Never pose as a Trade buyer — You may lose your consumer protection rights.
- Never offer Cash when Buying Antiques … until you’ve agreed a price for paying by cheque or credit card.
Once you’ve got your maximum discount, get your cheque book or credit card out, then pause and ask if there’s any further discount for cash. You’ll never know, if you don’t ask.
- Always get a receipt … Even if you pay cash — Make sure your receipt lists the items age, the material, any damage or restoration and it’s value.
- Look for the odd one out … The odd ones are usually the best bargains.
Look for items that don’t belong, such as ceramics in a jewellers shop or stall; or bronze in a silver dealers display. More likely than not the antique dealer or seller will discount the unsuitable item to move it on.
- Buying Antiques from your local auction house …. The profit is here.
Get to know your antique marks and your local auction house. The bargains are there and in all categories. Increase your knowledge about auction procedures and become an auction bargain hunter.
Buy antiques from auction houses and markets abroad …… But know the local rules before you do.
In the U.K. all valuable items bought from abroad and shipped into the country must be declared at british customs control and the receipt produced.
If you buy items that are over 100 years old then no UK duty or Value Added Tax is due on the item.
Always make sure the seller or supplier marks the age on the receipt when you’re buying antiques.
- Check antique shops for trade association memberships…. Just in Case
BADA (British Antique Dealers Association), or LAPADA (London and Provincial Antique Dealers Association) are just two of many.
Find the one that covers your area and get yourself a greater degree of security and protection.
- BEWARE of reproductions, fakes and forgeries — They are very good and they are out there (read more on fakes & forgeries)
Buying Antiques Can Be Great Fun … it all depends on whether you’re doing it for love or for profit. If buying collectibles you like and want to keep then there’s little pressure, but buying to make a profit adds another dimension so make sure you know why you are buying.