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Collectables and Art : EasyPrices Beginners Guide
Often when thinking of collectors, people visualize eccentric rich people with large works of art, or a mansion full of rare, historical antiques.That is a very narrow view. People start collecting all sorts of different things for wildly varied reasons. From rare stamps and fine wines to kitsch garden gnomes and vintage dolls, there are a great many things that can be accumulated and the motivations behind collecting them can be very specific. colector Here is a brief guide to help you in your quest for a dream collection.
WHY START COLLECTING?
start-collecting There are many different psychological explanations for why people collect. Some suggest it is the thrill of hunting rare objects, while some say it is for a sense of security, filling a gap left by an insecure childhood. It has also been attributed to people wanting to leave something behind when they die, or even a way for men to find a mate by highlighting their ability to provide resources. For some it is a purely financial arrangement, diversifying assets into a range of desirable objects. When you add reasons like loyalty to a football club, nationalist pride in military memorabilia or being a fan of a certain celebrity, the reasons get more complicated still. It is likely to be a combination of factors in each case but whatever your reasons, it helps to have some advice before building a collection of your own.
WHAT SHOULD I START COLLECTING?
art-and-collectable This is a question only you can answer. Anything can be worthy of collection - Tom Hanks collects antique typewriters, Demi Moore has a house she built just for her 2000 vintage dolls whilst Claudia Schiffer collects dead insects and insect paintings. The important thing is to decide what you are collecting for. There is a huge difference between collection as investment and collection for personal enjoyment. Mixing the two can be an expensive mistake. If collecting for personal enjoyment you should collect something that you are deeply passionate about. If collecting for investment you should collect something that stands a good chance of appreciating over time. You should still have an interest in a particular collection of items but must be careful not to let your passion lead to you paying more than you should. The truth is that most collectors fall somewhere in between pure investor or pure collector. Knowing where your own priorities lie will help build a collection that suits you.
HOW DO I START COLLECTING?
art Many collections start by accident. One piece catches your eye and then you see another that would look good with the previous one you bought. Before you know it house is full with them and people are buying you more for Christmas because they know you like them. Other collections are more pre-planned, especially if they lean more towards the investment type. The good news is that either way, it is now easier than ever to build a collection once you have decided what you want. The internet makes it incredibly easy to find items, even niche ones. There are many for-sale websites for second-hand and antique goods, which have generally brought prices down for collectors and allow you to expand your collection from the comfort of your own home. For the more adventurous types, there are still plenty of flea markets, swap meets and antique shops if you want to see the items in person. Auction houses can provide bargains too, depending on the type of thing you are collecting. It’s worth joining a club for likeminded enthusiasts, as you often get the best tips for where to find what you are looking for. Club newsletters, social meet-ups and online forums are an excellent source of information.
WHAT PIECES SHOULD I BUY?
collectable This depends on where you are on the enthusiast/investor scale. If you are an enthusiast then it is simple. If you love a piece and have the money, then buy it. If you want to see a financial return, or at least don’t want to lose money then you should think a bit more. Research the item thoroughly, whether on the internet or through specialised books. Make sure that you are buying a genuine piece for the right price. If there is a lot of money at stake, you might even consider hiring an independent expert to appraise it. When collecting anything, the condition of an item is crucial - the better shape it is in the more valuable it is. Small cracks and missing bits can seriously depreciate the value of a piece and stop it from appreciating. Look for chips, cracks, rust, missing bits, fading, tears, and stains – it can be very hard to fix vintage items and the repair can actually reduce the overall value.