The breathtaking art pieces on display, generously donated by Aigboje Aig-Imoukhuede, will captivate any art lover. These pieces aren’t just art; they’re history, culture, and a peek into the past.
In this blog post, you’ll discover how art collecting can be a hobby and a savvy investment.
But Why Stop at Admiring Arts?
For many, the allure of art lies in the thrill of collecting. From contemporary African artworks to antiques, the world of collectibles offers a unique blend of passion and potential profit. So, if you’ve ever dreamed of turning your love of antiques into a lucrative hobby, you’re reading the right piece.
What are Antiques?
Antiques are items that are at least 100 years old. They’re valued for their age, beauty, rarity, and historical significance. These objects often represent a past era and can include furniture, artwork, jewelry, and other collectibles.
An English gilt-bronze carriage clock By James McCabe, London,1860. Sold at 11,000 GBP in 2019. Source: the-saleroom.com
Antiques are smart investment options because:
Value Appreciation: Many antiques appreciate in value over time, especially if they are well-preserved and rare. This makes them a potential source of financial gain.
Diversification: Investing in antiques can diversify an investment portfolio. Unlike stocks or bonds, the value of antiques is not directly tied to the financial markets.
Store of Value: Antiques can act as a store of value, particularly during economic downturns. Their value often remains stable or even increases when other investments falter.
Legacy: Collecting antiques can be a way to build a legacy. These items can be passed down through generations, preserving family history and heritage.
Inflation Hedge: Antiques often retain or increase their value during inflationary periods, acting as a hedge against the decreasing purchasing power of money. Whether for pleasure or financial gain, antique collecting offers a rewarding experience.
Getting Started: Tips for Beginners in Antique Collecting
Research and Education
Learning about antique collecting is crucial for making informed decisions. Understanding different periods, styles, and materials helps you identify valuable pieces and avoid fakes. Ready to starting collecting arts? Here’s what to do:
Read the Coronation Art Gallery newsletter: discover valuable insights, timely topics and stay informed about the world of art and its deeper meanings.
Visit Coronation Art Gallery: relish the beauty of contemporary art. See what modern art looks like and how it differs from antiques.
Visit museums and exhibitions: seeing antiques in person can provide a better understanding of their craftsmanship and historical context.
Coronation Art Gallery Exhibition, 2023
Build a Personal Collection
Starting small allows you to learn and grow your collection gradually without overwhelming yourself financially or logistically. You can start by:
Focus on what you love: collect items that genuinely interest you. This makes the hobby more enjoyable and meaningful.
Set a budget: determine how much you’re willing to spend initially and stick to it. This helps in managing your finances while building your collection.
Start with smaller Items: Begin with less expensive, smaller items to gain experience before moving on to more significant investments.
3. Find Reputable Dealers and Auction Houses
Trustworthy sources ensure the authenticity and quality of the antiques you purchase. This is how you can find them
Research dealers: look for dealers with good reputations and positive reviews. Membership in professional organizations can also be a good indicator of reliability.
Attend auctions: reputable auction houses often provide detailed descriptions and provenance information for the items they sell.
Ask for references: don’t hesitate to ask dealers for references or testimonials from previous customers.
Ready to Grow Your Wealth?
Diversifying your investment portfolio by investing in arts can be both exciting and rewarding. To start or learn more, please contact us.