Investing in Style: Antique Furniture and Vintage Furniture
Given the pitiful state of the global economy , when savings are earning you less than the cost of driving to the bank to pay it in, and putting your money into a new venture is as risky as rowing with extremely ticked piranha , increasingly people are sinking their money in objects of inherent worth. The market rate of gold is as high as you will have seen it for years ; contemporary art is fetching bank-busting prices at auction, and the interest in antique furniture for sale is more robust than for a very long time. The beauty of purchasing antique furniture or vintage furniture is that it gives a touch of class to your home , looks amazing , and over the course of a lifetime will grow its value just by being a functional, useful part of your home. Vintage furniture is also a great deal less portable than other items you may choose to invest in, and accordingly very much harder to steal .
If you do opt to invest both time and money investing in retro furniture, it’s worth the time spent to really do your homework before entering the market. Antique furniture, intrinsically , is tricky to find and often one of a kind . Consequently, you should let your vintage furniture set the tone for the entire room , and therefore ought to be very sure of the specific example of antique furniture that you opt for .
Before spending any money on antique furniture, you would be well advised to be confident that you know what’s what, and make sure that you pay exactly the right price for your vintage furniture. Online auction sites can be a tricky place to actually make the purchase if you’ve never done it before , but they do allow you to research what similar examples of vintage furniture to your selected piece are worth. With antiques in general and antique furniture in particular, something is worth a price set by its position on the market, so by researching similar items of vintage furniture and gauging other people’s impression of their value, you can be confident that you aren’t spending too much on your antique furniture.
Once your antique furniture is in situ , be sure to inform your home insurance broker of the purchase , and specify the vintage furniture on your list of insured items. Most home insurance policies will insist upon notice that specific items worth more than a certain value are in your home , and they may also demand sight of proof of purchase . Notify your insurers as soon as the vintage furniture is over the threshold, photograph it in its place, and hang on to the receipt so that you can demonstrate the item of antique furniture’s worth. That way, should a disaster occur and your lovely vintage furniture be smashed by a malicious three year old, you should have no problems when asking for its exact value from your underwriter.