Investing in collectibles tip #1: Buy the best your pocket can afford
The best examples of collectibles
appreciate more in value that more mediocre examples of the same item.
This is certainly the case for art and antiques.
And when the market takes a knock, better examples will hold their prices better.
Investing in collectibles tip #2: Buy collectibles with a paper trail
When looking at collectibles, find out if there’s an accompanying paper trail. This will help the future resale value and demand of an item.
Future buyers will know the item is authentic and it will give an insight into its history.
Investing in collectibles tip #3: Look for a signature
Ensure the collectible has a signature. This will help you out when it comes to selling the piece.
Investing in collectibles tip #4: Look after your pieces
Keep the item in pristine condition. Condition has such a big impact on the value of a piece.
Check out how’s best to care for the collectible you invest in.
Investing in collectibles tip #5: Opt for smaller pieces
If you can, stick to buying smaller pieces. There’s a better market for smaller examples.
Jake Biddington, an antiques guru, calls this ‘display logistics’ as people tend to like smaller collectibles as they take up less space.
Investing in collectibles #6: Avoid investing in ‘fashionable’ collectibles
As with many markets, collectibles go through periods when particular items are in fashion. Try to avoid buying into items like this during these times.
You’ll end up paying a high price. Over the long-term you may struggle to sell the item for as high a price as you paid.
So there you have it. Six tips to follow to successfully invest in collectibles.
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