Valuable quality assets, for example antique furniture, are often considered to be a haven to investors during turbulent economic times. Mark Dodgson, secretary general of the British Antique Dealers’ Association (BADA), explains that provided investors take advice from proper experts, decide on quality and purchase the very best items, antiques will most likely preserve their original value and increase in value over the long term. However, similarly to art investment, the general advice is always to purchase something you would like and want to live with, not just some item you believe may possibly rise in value.
When you decide to buy using a dealer, search for specialists in the field you are interested in rather than general experts. A good method to start is by looking for a BADA member (on the bada.org website). According to the trade body’s code of practice, an error in the description of an object will typically entitle the purchaser to a full refund. Any problems with BADA members can also be taken to the association’s free arbitration service.
Auction houses are also a good place to look for antiques, but you should realize yourself that that the condition of objects may be a problem, because as you may not be able to inspect them fully before a sale concludes. Remember, always check the terms and conditions of each sale and make yourself certain that you know exactly what you are purchasing before you decide to part with cash.