Why invest in antiques and collectables? Because during a down economy, it makes good economic sense. The article at: http://antiques.about.com/od/thewisebuyarticles1/tp/aa100208.htm explains the point in excellent detail. It’s no secret that antiques increase in value over time. In a down economy, people sell. There are bargains are everywhere. How many investments have you made where the growth can amount to a 50% or more increase in over one year?
Of course, we deal in linens and lace. When I look through a pile of new linens, I marvel at the thought that the material I hold is still beautiful despite hundreds, maybe thousands, of washings, abuse, stains, rough handling and love over the 50, 60 or more years since its creation. The other day in our new Willowstone store, we hung three beautiful examples of true Victorian lace in the form of two tablecloths and a Victorian handmade queen size bedspread. My husband and I speculated about the stories that the bedspread could tell, having been present at life’s moments that are more intimate. We could almost recount the family conversations held over the lace as it graced a Sunday dinner table. Having done the research, we marveled at what its value was today, in comparison to what she had purchased it for 20 years earlier from the estate of its original owner. I calculated that it had grown in investment value by over 400%. That’s a simple 20% growth per year of ownership. Yes, I know the value of compounded growth calculations, inflation, etc., but you get the point. I wish my retirement package as a teacher grew at that rate.
Antiques represent quality you can’t find in today’s products. Most of the modern furniture that the average newlywed couple will buy today will end up in landfills. Rarely does a young adult in today’s society want Grandma’s old Victorian couch or parlor set. They grew up with them. Even when they inherit them, they don’t see them fitting their constantly moving lifestyle. The furniture is old fashion, heavy. They are ready to move on to the new ultra-modern plastic or pressboard furniture. Then, while that ultramodern couch is deteriorating, the 130+ year old Victorian couch continues to increase in value. The French Lace banquet size tablecloth hanging in the corner of our store, ready for you to take it home, will continue to outlast even the best of today’s Chinese polyester import. Its value will continue to grow while the other is long left to the fabric pile. The hand cut dovetail joint in the drawers of that American Walnut 1790’s Hepplewhite desk, will continue to open and close a thousand times more than the nailed and hot glued joint of your Swedish import.
However, before I start running off on a tangent and jump on my soapbox, I ask my readers: At what age did you first notice that antiques were an investment and what factors influenced you?