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Investing in clocks

buy early clocks

HansetInvesting in antiques is much better than a savings account eaten up by inflation, but there are so many downsides to it. What are the pitfalls?

  1. buying less than perfect objects
  2. buying what's generating high prices now
  3. buying lesser names
  4. buying lesser quality
  5. buying fakes
  6. buying quality that will never attract an audience

A good knowledgable mentor is crucial to avoid buying fakes . But also for good interesting objects the right advise can avoid a lot of headache. Bear in mind that a restauration by a specialist in antique clocks will probably amount to twice the normal acquisition price. A poor restauration will make one lose the entire value of the antique. The lesson is therefore to have the best restauror at hand or to avoid buying antiques that are lacking parts or that are in need of repairs.

In most cases it is best to commission a specialist to inspect and buy at auctions if the antique is an investment. That specialist can assess the amount of time and money needed to turn the hammered lot into a good investment.

At the moment prices in France and Belgium are quite interesting compared to the UK, USA and Asia. Taste is different too, so an antique clock that will impress friends in California, Dubai or China can be picked up at local auctions in Europe at a garage sale prices.

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De Beefe

Gille De Beefe

lode.goukens@ugent.be

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