Antiques – an investment for a lasting legacy?

on 23 April 2014.

Are antiques good investments? Pension investments are big in the news now that the regulations have changed and we are all more free to invest for our futures as we wish. So more people than ever are searching for the right way to make their money grow and the question of whether antiques really are good investments comes up again and again.

Hungerford Townsite put that question to Hungerford emporium hungerfordantiques specialists Richard and Barbara Mills of The Emporium.

“ As they say for all investments, antiques values can go down as well as up. With antiques you have to keep your eye on what the market is doing all the time and then you also have to consider fashion – what is becoming vogue and what is going into decline”, says Richard.

“Most of the antiques trade is finding that good quality brown furniture is seeing a glimmer of light and, we hope, beginning to be on the rise at the moment, probably for a variety of reasons. It is becoming fashionable again and much of it is still remarkably good value when compared with new furniture. The difference between old and new is that the older pieces will always have an intrinsic value while new furniture can depreciate to the point of no real value at all.”

“ We are finding that as the increasingly older population downsizes, more fine pieces of high quality wood furniture are coming onto the market and it is, at the moment, selling for very emporium hungerfordrealistic prices, especially when compared with the price and longer term value of new items,” says Richard.

“Antiques, whether they are furniture, jewellery, gold, silver – whatever – are a more long term investment,” adds Richard.

“Gold items are a case in point, “ he says. “When bullion prices were very high, as they still are, so much old gold went for melting as its commodity price outweighed it’s antiquity value. A lot of antique gold has been lost this way and there is now an increasing scarcity value, so those lovely Georgian candlesticks will be going up in value again in their own right and possibly above the rising melt and bullion prices.”

“ Those who deal in diamonds tell us they are attracting more buyers and investors too,” says Richard, “ and diamonds have never really lost money. Values may sometimes be static but always rise over the longer term. Here, I’m not talking about the big chains of jewellery stores, anyone thinking of investing in diamonds would be well-advised to find a specialist dealer or a recommended independent jeweller because buying diamonds is not for the unwary.”

Art has always been a fascinating investment and here Richard has a word of advice: “Do your research, watch the galleries and art sales, study the market and the trends. emporium hungerfordIf you see the beginnings of a rising trend, perhaps in one particular artist then you might buy a piece - but it is something of a punt so I’d always suggest you buy something you love and will enjoy looking at, before worrying about whether it will rocket in value – or plummet!”

It is value beyond money which motivates many people to invest in antiques. Barbara points out: “For many people it is a matter of eventually leaving a worthwhile legacy. If you buy something of beauty and quality it will always have a value of course but you also have the enjoyment of owning it and even using it – or wearing it in the case of diamonds and jewellery. Most of all, you will leave something which has value both monetarily and the joy of things that are intrinsically beautiful.”

Our top picks for the best in European Christmas travel
This year you can really experience the delicacies and delights of Christmas custom from traditions across the continent with some of Fare Wise Travel’s hand-picked Christmas escapes!

May your days be Holly and Bright
Yes, there is no escaping it. Christmas is just around the corner and our attention will soon turn to decking our halls and garnishing our doors with beautiful seasonal delights.

Taking you further with eBikes
Electric bikes are revolutionising cycling, acting as a leveller and making the sport more accessible to people of all abilities, stages and ages.

What I learnt from travelling the world
Stepping out on your own after a lifetime in education is both a daunting and exciting step for many students taking a break from academia to explore the big wide world.

No ordinary school run… in the MINI Cooper 5 Door Hatch
Raising children is a constant merry-go-round of getting people to the right places at the right time with all the required paraphernalia: school bag, check, lunch box, check, homework, check.

A frightful week of Half term fun at Cobbs
This half term Cobbs Farm Shop and Play Barn are offering a little bit extra with non-stop entertainment for all the family.

Viva las Donnington Grove
Set your soul on fire next month with an evening of entertainment from the King himself featuring authentic tribute band Elvis in Trouble who offer the ultimate Las Vegas experience.

The Fairy Godmother of travel
As Fare Wise Travel celebrate 25 years in business, we meet with MD Veronica Bailey to find out the secret behind their success.

Free collection for your bike service
Keeping your bike roadworthy has to be a priority throughout the year, so after a fantastic summer season, Banjo Cycles of Newbury are offering a free pickup service for bike maintenance in Hungerford area this September.

A warm welcome this winter
This winter transform your home with the natural warmth and comfort of a real log burner.

A cruise for me, free for you!
Fancy experiencing a cruise and bringing your loved one for free?

A brand new local jobs board
Hungerford TOWNSITE™ is well established as a conduit for local people featuring news, events, attractions and special offers and NOW we've added a LOCAL JOBS BOARD to our already successful mix. This comprehensive section aims to connect with local job hunters in a friendly and more engaging way

Getting to know you… Cobbs, much more than a farm shop
As you walk into Cobbs newly refurbished and extended café, it’s easy to see why this business is thriving.

#2 laid back honeymoon ideas 2018
Pick an idyllic spot in the Mediterranean, combine it with panoramic coastal walks, snorkeling and beautiful turquoise waters to make it a perfect honeymoon!

Luxury honeymoon on a budget
Are you getting married over the Christmas period in 2018? Fare Wise Travel are offering an exclusive 7-night winter beach-chillout honeymoon with an all-inclusive luxury package.

18 idyllic championship holes
Once considered the preserve of retired bank managers, the game of golf has been re-branded for a new generation and not only now has mass appeal, but in certain quarters is even considered quite groovy

Those of us who live here don't have to think twice, we love it and, you've had a job to persuade us to go elsewhere.

Compared to many towns, Hungerford High Street is in good shape. It is better now than it has been for years...

Walking in the beautiful areas of outstanding natural beauty in and around Hungerford is a very special experience.

Next time you visit Littlecote House keep a wary eye out for ghosts. That black dog you see on the stairs may not be all it seems!

Enjoy your visit and don't foget to let us know how it went