Top 6 Things That Drive People To Spend Money Collecting Antiques
People who love collecting antiques will do so for a varied reason and will have no qualms coughing up money to own items that are 100 years or older items. But spending money on things that will sit in a glass case seems absurd to some people. However, every object has a story that drives collectors to acquire it and have it on display.
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1). The Object’s Age
Age is the principal factor that qualifies an item as an antique. People that are into collecting antiques do so because whatever they buy is older than them. It also is a means of having a connection to the past, mainly when focusing on a specific period. For instance, porcelain antiques fetch quite a price. China was the only country back in the 15th century that was exporting porcelain. It means the porcelain objects imported to Europe around that era were made in the 1400s, making them a highly sought-after collectors’ item.
Aside from age, the item’s craftsmanship is another reason why people buy antiques. Many of the things that date back before the industrial revolution were handcrafted, an attribute that draws collects to such antiques. The fact that someone took their time to envision and create something without the help of machines and it has stood the test of time is incredible. Details in the craftsmanship often define the object’s time period. However, the creation methods have changed over time, hence the reason why a 15th-century ewer is more valuable than a 17th-century one. It is a fact attributed to the complexities involved in making the porcelain back in the 1400s.
3). Collecting To Sell For A Profit
For some people, collecting antiques is a business. They buy different items like art deco, furniture, among others, and might spend a lot of money on some things and get others cheaply to sell them for a profit. For instance, Rick Blears and Ruth Shearn from Cheshire, England, bought a terracotta figurine in 2013 on eBay for around $34. The previous owner did not know that the figurine was Cortendorf terracotta, even if it had minor damages. The figurine was later worth $1,000 after restoration on the hands. The proceeds of the sale, Rick and Ruth say, will go to their daughter’s savings.
4). Living Through Memory
For many antique collectors, what matters is the item inflames a personal connection or incites treasured memories. While grandma’s antique cutlery collection might not be souvenirs for any of her early travels, they hold a deep meaning and inordinate value to her and the memories she holds dear. Such attributes can ignite the zeal in someone who inherited her collection and keep adding to it as a homage to her.
5). Previous Ownership
While the modern-day person will not wear a deceased’s hair, some will invest in antiques belonging to a special person to feel more connected to them. For instance, David Rockefeller bought the White Center painting by Mark Rothko in 1960 for less than $10,000. In 2007, Rockefeller later put it up for auction where it was estimated to be worth more than 40 million dollars.
6). The Thrill Of The Find
Life is like an adventure. It is never short of stories and fun experiences. People who collect antiques at times do it chasing the thrill of unearthing the story behind the object. Others will buy these pieces for the fun of it – they step into an antique store looking forward to finding something unexpected and unique.