Buying antiques is a thrilling endeavour, part treasure hunt, part history lesson and part necessity. Whether scouring a local market, bidding at an auction, or browsing online, each piece comes with its own story and set of considerations. But the world of antiques can be daunting, with hidden costs, unexpected pitfalls, and an ever-present risk of overpaying or underestimating a piece’s needs.
To help you navigate this intricate world, I’ve compiled some essential tips and rules for buying antiques. From spotting hidden gems to avoiding costly mistakes, these guidelines will ensure your next purchase is both satisfying and savvy.
Hidden Costs
People often get swept up in the excitement of buying a piece, only to overlook the hidden costs that come with it. Postage, taxes, auctioneer's commissions, and potential repair expenses can quickly inflate the price beyond what you initially expected. If you're purchasing from outside the UK, also be mindful of customs charges.
I’ll refrain from a full-blown rant about Brexit, but it must be said: for those who voted to leave the EU, these added costs and the mountain of admin that now comes with international transactions are part of the package. The antiques industry, in particular, has been hit hard, saddled with extraordinary complexities and expenses that have reshaped how we do business.
2. Measurements
Always check the measurements of the piece! Many places may not accept returns for the wrong size from the buyer's point of view if this information has been provided. You should also measure the space in your home to where you would like the piece to go. If possible, ask for the measurements of the unframed artwork for paintings or artwork you would like to reframe.
Condition
Purchasing without checking the condition. Ensure that no repairs are required or in a condition you can't afford, or do the repair yourself. Also, the condition is stated in the description or shown in the images. If not, ask the seller if they can provide further photos and a condition description. Antiques may have fair wear and tear, but this should be stated and shown, as you don't want any surprises like woodworms or scratches.
Gaining Provenance / Documentation
Some pieces may come with documentation or provenance, such as a letter from an auction house proving its authenticity. Always keep this close to the piece, as it will be of great use when handed down to the next generation. If it doesn't come with a certificate, we suggest writing down a little note of any information you may have when buying.
Detailed Information & Photographs
You can always ask the seller for any further information they may have, where it is from, what the story behind the piece is if they know it and any extra photographs you may want, which could give you peace of mind. Sometimes, there is a stamp or maker's mark; make sure this is in a genuine place and research other pieces which are genuine to link them together. Also, is there an artist bio for artists? Look out for the period, material, origin and quantity.
Research - Don't Rush
Research what you are purchasing first, especially if the piece is expensive. Do the facts that have been provided match up? Is it reasonably priced to similar pieces on the market now? This is an investment and a stand-out piece you want in your home, so take a beat to think about it and consider all factors. Make sure to educate yourself on the piece, the artist, and the condition so you don't have any questions before buying.
Missing A Sale Although we say not to rush into a sale, we also advise not to take too long; it may be gone quickly and be the one that got away. We suggest keeping an eye on the sale, especially bidding. It is also helpful to know what you are looking for or have an idea so that you can keep your eyes peeled, set yourself a limit on price, and know what the piece is worth; again, remember number 1—hidden added costs.
The Delivery Process
Ensure you get a receipt or proof of purchase so you aren't scammed. Also, ask for tracking information; this is great through trusted auction sites; they may email you with tracking notifications. But do keep an eye on this throughout its journey. Once delivered, check the condition and ensure that it has been wrapped carefully and nothing has broken en route to you.
10. Item Price
Some sites provide the option to bid. However, this can exceed the item's worth; if you're lucky, you can find a steal. Some sellers prefer a set price, but it is worth trying to negotiate or send an offer if you feel this is appropriate with their site or the way their company works. Do remember all the hidden costs.
Comments