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HomeNewsTrendsFeaturesDesire for Dummies | Your guide to the exotic world of antique collection

Desire for Dummies | Your guide to the exotic world of antique collection

Furniture, jewellery, sculptures, paintings, even objects like betel nut crackers that are at least 100 years old, and have aesthetic and historical significance, qualify as antiques. Here's how you can start building your collection.

May 01, 2021 / 12:48 IST
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The Russell Exchange, Kolkata, is the oldest running auction house in India.

Esoteric, high-value and eclectic—each of these epitaphs defines the antique collection. From understanding the provenance and the heritage of the pieces, furniture and accessories you buy, to striking up close friendships with dealers for the best offers, it is a high-pressure world of rare finds, history and bargains. Here's a quick guide to help you navigate it:

What is considered to be a genuine antique?

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Here is a criterion you should keep in mind while buying an antique: Any object that is over 100 years old and has aesthetic and historical significance can be referred to as an antique. Bengaluru-based art and antique dealer Raghu Menon says, “The difference between an antique and a vintage item is its age. Antiques are items that must be at least 100 years old.” India has strict rules about the objects, furniture and art that dealers can export outside the country. Nothing that’s over a century old can be exported. This means, if you are considering investing in an antique, look for it within India, in genuine antique stores or on Indian art auction websites such as SaffronArt or Astaguru. Any Indian antique purchased from an international purveyor or auction house is likely to be a fake or stolen, sold via an insidious underground market in India that ferrets out rare antiques and art to the international market. Unless, it has come into the global auction market for an Indian living abroad whose family has owned that piece for generations.

This 100-year-old rule applies to all kinds of antiques: sculptures, pieces of furniture, jewellery, lights, books, even glassware. Vintage, on the other hand, can be an artefact, a sculpture, or even glasses, jewellery and such from the last 100 years. You buy it more for its nostalgic value than any real value in the resale or auction market.

Why are we talking about antiques now?