Table of contents:
- What is antiques
- How to Become an Antique Appraiser
- Antique shop is a promising business
- Business payback
Video: How to build a successful business by investing in antiques
2024 Author: Richard Flannagan | [email protected]. Last modified: 2024-01-15 02:26
The antiques market is a promising area of income and development for investors and experts. There are several areas of work with antiques that bring a solid income to investors - at least 25% of the return on investment per year. And with expert knowledge of the value of antiques, you can make a lot of money in consultations. Experienced antique dealers receive up to $ 150 per hour of their time.
In addition to the prospects for the implementation of business projects, the antique business is inextricably linked with the community of collectors, which means that you can not only make interesting business and friendly contacts, but also gain invaluable experience from fellow collectors. You can find out more about the life of the antiques market today here, where there is also a lot of interesting information for collectors.
What is antiques
This is a fairly broad category of antiques that includes more than coins, furniture, art and jewelry. Any antique item or item of collectible value can be considered antiques.
It is noteworthy that in the Western antiques market, for example, collectibles produced in the post-Soviet space are highly valued: watches, coins, toys, dishes, etc.
Antique business has no seasonality, being always a relevant type of employment and attracting more and more interested people every year, both from investors, collectors and experts, appraisers, and consultants.
How to Become an Antique Appraiser
If you want to try your hand at working with ancient relics or even not so old, but rare and collectible things that have their own history, it is not necessary to have an education as an art critic or historian-archaeologist.
It won't take much time to learn expert business, but you will have to invest in yourself another resource - money. Appraisal courses are not cheap, although they last up to a year in total. During this period, training will have to spend from 2 to 3 thousand dollars.
For the sake of fairness, it should be noted that antiques appraisers do not remain without work, such specialists are willingly hired by exhibition galleries, shops selling antiques and art, antique shops and even jewelry boutiques and pawnshops.
Over the years, experience, knowledge and business connections will be acquired, adding weight to the expert appraiser in society and thereby doubling the amount of his fees.
It should be noted that an expert's specialization is reduced to the knowledge of a certain era, which significantly reduces the level of competition among specialists. There are appraisers dealing with a certain category of antiquities.
This profession is in great demand also for the reason that many collectors are afraid of counterfeits that have flooded the antique market. According to the last estimates of analysts, the share of fakes and copies is 50% of everything that the world antiques market offers.
Antique shop is a promising business
Having not only knowledge, but also a certain amount to start a new business project, you can open an antique shop, having previously studied the most promising directions.
In recent years, the sale of things, the cost of which is growing by at least 15% per year, is considered to be relevant directions:
Coins - 20%;
The most profitable business can rightfully be considered the trade in painting, but it should be borne in mind that this is also the most risky business. The painting market attracts scammers and counterfeiters. The originals themselves are very expensive to buy, but there will be many customers buying fine art objects at a high price.
A decline in interest among collectors and investors has been observed with regard to jewelry and postage stamps.
The owners of antique shops set high markups on their goods - this is up to 300% of the cost of the thing. You can also take goods for sale, then the net income will be up to 10% of the total amount sold.
But besides the purchase of goods and the conclusion of sales agreements, it is necessary to take into account that a substantial amount of the start-up capital will go to:
Insurance of goods;
Organization of security.
Business payback
Such a business will pay off no earlier than in a year or even two. But it is necessary to take into account the fact that the cost of antiques is only growing every year, which plays into the hands of the owners of such shops.
With regard to sales, no more than seven out of ten previously purchased items will be sold during the year.
In addition, the store can earn money on the services of expert evaluation of antiques.
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