Money can be made in antiques as long as you realise that the return is not guaranteed, and this can fluctuate with supply, demand and even what is fashionable to collect.
It's most important in my opinion to invest in what you like. Having a beautiful piece of art, jewellery or furniture can give lots of pleasure for years to come even if the value drops due to market conditions.
It's important that you enjoy the art you invest in like this painting by Albin Alemin
According to Deloitte, in 2014, 76% of art and collectibles were purchased for an investment.
To determine the fair market value, of an antique, find the sale price of comparable works. Look at previous auction house sales, and speak to art and antiques specialists to help in estimating the potential price. For a free online valuation Barnebys is one site that can help. Documented evidence of provenance (a history) for a work of art can help establish that it is an original and not forged, stolen or a reproduction. It can also help maintain the true value of the item. A collection of art is usually worth more than the sum of its parts as well, and this is important to factor into your investment.
A classic 18ct white gold ring with a 1.00ct diamond, will keep it's value
With jewellery, you almost can't go wrong with the major designer brands, that have the emphasis on craftsmanship. Tiffany, Cartier and Van Cleef and Arpels are particularly excellent makes that are highly collectible. Diamond jewellery with a large carat centre stone, that is of excellent quality also holds it's value well.
If you have an eye for modern up-and-coming designers that could make a profit in the future then artists at the Goldsmiths Fair are worth watching, being recognised as the premier showcase in the UK for contemporary designer jewellery.
This quirky designed late 20th century sofa by Carl Malmsten, could rise in value in years to come
Finally if you have found that exciting investment, and bought that perfect antique, don't forget to insure it, and keep an up-to-date valuation. Accidents can happen and you want the piece to continue to bring you pleasure in the future as well as increasing in value, so don't forget insurance.
In conclusion, investing in antiques can be profitable - study the market, take advice from experts, but most importantly buy what you like so you can enjoy it into the future.
* This article is for information only, always seek guidance from an industry expert. In collaboration with Barneby's auctions.