Let's Deal in Antique Collecting

Let's deal or not. If you think collecting antiques is an easy occupation then you might be surprised how demanding it actually is. Determination, perseverance and hard work are the needed character foundations of a good antique dealer. Dealing antiques is not for the weak hearted, so to speak. You might say that I'm exaggerating but after you read this article, decide for yourself.

The first step is to study, study, study. Since were talking about very old subjects, you will have to do extensive research to get to know more about your subject. You can't properly appraise an item without knowing how important it is. So this means going to libraries, seeking out books, online resources, and interacting with dealers, owners, and collectors to grasp the oral history of the antique items.

If you studied hard enough, you will be able to identify quickly and efficiently valuable items in market places, shops or stores, and private collections. You can grab the opportunity when it presents itself. This is part of the life of an antique dealer.

Be sure that you clarify the fact. Don't accept everything as piece meal. You have to verify everything unless you want to find yourself in a tight spot with inquisitive clients or collectors, and trust me I say that collectors will definitely bombard you with questions about the items. And why wouldn't they? Everyone wants to get their moneys worth.

That's why it would be ideal to create your own reference guide as you encounter facts and details on different antiques. You'll find that most antique dealers have at least a general guide to keep them on their toes.

When dealing with antiques, you will need a store or shop ideally in a good, cost efficient area. Flea markets and even online stores or auctions could be your first attempt in entering this new trade.

If you were able to get a profitable sale, if would be wise to expand your inventory or at least make plans to do so in the future. However, it would be wise to pay off any overhead costs pending first before you expand your inventory. This will help you keep afloat over your debts and think about profits much clearly.

This also means you will have to consider resale prices of antique items. You don't want to spend too much acquiring antiques or your resale value will not be competitive with prevailing market rates. You also might need another job to get the funding for purchasing items unless you're quite rich.

As part of collecting antiques, be prepared to spend a lot of your time searching for items, cleaning them, researching their history and ideal market prices. If you cannot handle this kind of life and work then having to deal antiques is probably not for you.