The Time magazine writer Maria Baugh who interviewed me for the article "Antiquities: The Hottest Investment" did a fantastic job capturing in just 625 words some key points for those who may be considering a first step into the world of collecting antiquities. Thinking back on the discussion I had with her, I thought I'd share a few additional points that did not make it into the article but are great pointers for those who want to protect and grow their investment in antiquities:
On Value: There are three critical value components to an antiquity: Quality, Condition and Provenance.
On Provenance: Provenance is more important than ever. A reputable dealer will certify the provenace on your receipt so it is preserved with the object. (Keep your receipts!) Better still, buy from a dealer who produces a printed catalog. The objects in the catalog should all include a statement of provenance. Keep the physical catalog in which your object is published -- this documents the provenance and ensures you get full value for the object when you sell it in the future. Some of the most highly sought-after provenances of today are objects published in dealer catalogs in prior years.
On Authenticity: Be wary of dealer claims that every one of their objects have been "scientifically certified" or "museum tested." There are very few tests for reliably dating ancient objects, and they only work on certain objects (like terracottas) which were once kiln fired. The best dealers in the world rely on their knowledge, eye and experience handling thousands of objects each year. Dealers will rely on thermoluminesence testing only under very rare circumstances. There are only a handful of recognized labs in the world that do such testing.
On Buying from Web Auctions: Be very careful. Sellers are easily "here today, gone tomorrow" on the big online auction sites where anyone can simply register and sell. These auctions can be a dangerous place to "learn" unless you know the dealer or know that the dealer has a significant established presence beyond his or her virtual identity. Local auctions (either live or over the web) are conducted by generally reputable auctioneers but they handle everything from oriental rugs to furniture and almost always lack the specialized skills to determine authenticity in the rare case they are consigned a group of antiquities. In most cases, you are buying "as is" with no recourse if the object turns out "not right."
On Buying from Dealer Web Sites: Better to buy from established dealers who have permanent websites and a solid reputation. Read their bios. Avoid any 'dealer' website that does not openly disclose the dealer's background, expertise, professional affiliations, etc. Even then, do your homework. Ask around. If your local museum has a classical department, check with them. They will not refer you to a dealer, but if you ask about a specific dealer they will more often than not offer a polite but helpful reaction. Only buy from a dealer who guarantees authenticity (the best dealers will guarantee authenticity for life!) and who will be around to stand behind the claim.
As an antiquities collector and professional antiquities dealer for more than 30 years, I am happy to share my expertise and offer guidance for anyone wanting to get started with collecting antiquities.
- John Ambrose, Founder and Director, Fragments of Time, Inc.
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