Education is the first step of collecting. You should thoroughly research the item(s) you want to collect and find out everything there is to know about them. Details such as eras, styles, crafters, tools, materials, and finishes are just the jumping-off point in the journey of discovery.
Pricing a Piece
When evaluating whether or not to add a piece to your collection, determine whether the pricing is appropriate. Try to identify the relative supply and demand of the particular item and see what established price guides suggest for a price. While online auction sites can provide a snapshot of the value of many items, keep in mind that the value of a particular item on one of these sites may be inflated or understated and only reflects the demand among a small group of potential buyers for a brief period of time.
The condition of the item also is an important factor to consider, as well. If the condition is questionable, refer to one of the grading scales available. Many times, owners of valuable collectibles will have the items professionally graded to get an objective measure of their condition and will probably offer the results when looking to sell – at least if the item they're selling received a favorable grade.
Authenticating
One easy step you can take yourself to authenticate a piece is to view the item under a long wave black light. Many modern materials fluoresce under black light, so it's easy to tell if the item may have been retouched or repaired. Modern glue, chemicals, dyes, and fibers such as rayon and polyester will glow under a black light.
Research is the best tool for authentication. With thorough research, you can learn the marks and signatures of certain styles, artists, and manufacturers.
When you select a piece, take into account the condition of the collectible item and consult a pricing guide. The biggest factor, however, is what the piece is worth to you.
Hands Off
Touching up a collectible or replacing a part can dramatically reduce the value of your piece. People make mistakes every day while caring for antiques. Here are some tips to help avoid making a costly error:
- Leave complicated restoration to the experts. Touching up paint or re-gluing a piece of porcelain could be detrimental to the piece's value.
- Regardless of the kind of item—whether it's furniture, art, baseball cards or textiles—it's important to keep it out of direct sunlight and in a climate-controlled environment.
- Never refinish antique furniture.
- Research or consult an expert on how to properly clean and store collectible items.
Appraising Made Easy
Do a keyword search for one of the several specific and reliable online pricing guides that are tailored to any kind of item you might be interested in collecting. In fact, many of the guides used by expert appraisers are found online. You can even often view past auctions to ensure appropriate pricing.
If you're looking for ways to protect your valuables, talk to your Regions banker about the benefits of a safebox.