The cards seemed stacked in favor of the collector! If one can simply acquire a popular item and hold on to it, they are likely to eventually realize a profit. In the meantime, they get all of the pleasure and enrichment attendant to owning the antique in question!
Of course, profiting from antiques requires an ability to discern which items will retain their overall demand. For many antique investors, this means finding items that already have strong and distinguished fan bases and loyal followings. Chippendale furniture, Tiffany lamps and other “blue chip” collectibles tend to consistently grow in value, making them impressive investments.
Those who want to use antiques as something akin to an investment are often best-served by selecting already popular items with long traditions and enviable track records. One may profit from heavy investment in a lesser known item, hoping that it eventually becomes more coveted, but this strategy is less steady than selecting antiques that are already universally recognized for their appeal.
These antiques come with a relatively steep price tag and not all collectors are able to secure these items. If a “name brand” antique is beyond one’s means, does that mean they cannot profit as a collector?
Fortunately, the answer to that query is “no.” Those who approach the overall antique market with a well-trained “broker’s eye” will find undervalued antiques for sale and will nab them at low prices. They can then turn around and sell these items to others at a profit.
This “buy low, sell high” strategy does require a certain level of skill, however. One must be sufficiently knowledgeable to recognize a bargain. One must also know where to look for under priced items. The antique “trader” must also be able to find buyers after securing a bargain purchase. The quick decision making often required when in pursuit of a cheaply-priced antique requires that those embarking on this profit-making route be well-educated about a variety of antiques.
Many hobbyist antique collectors enjoy the challenge of being an antique trader. They enjoy the “gaming” aspect of searching out bargains at flea markets, garage sales, estate auctions and other locations. They appreciate the challenging of profiting from their keen eye. Even though their gains may be modest and some efforts may fall short, they still enjoy the process and it adds another dimension to their hobby.
Antiques are one of the few hobbies that create an opportunity for profit. Most hobbies can be characterized as “money pits.” One spends and spends in pursuit of a hobby. It is a revenue stream that inevitably runs away from the hobbyist. Antique collecting, on the other hand, is different. It actually creates a situation in which the hobbyist can profit.
Whether you approach antiques as a “blue chip” investor or as an aggressive antique trader, you may be able to make antique collecting a financially (as well as personally) rewarding diversion! Thousands of antique collectors have found ways to turn their hobby and passion into a real legitimate moneymaker. It may not be a foolproof investment strategy, but it is a great way to add some extra value to your hobby endeavors