Antiquarian and Collectibles – Hobby or Career?
The Interest
The interest in antiquarian and collectibles has dramatically increased with the recent spate of TV shows such “The Antique Roadshow”and various other programs including “Bargain Hunt” and “Collectors”shown in Australia. The term “antiquarian” is normally associated with books but in actual fact is the term for a person who either trades or collects antiques or rare old books. Collectibles does not necessarily lend itself to vintage items but can be anything which may have an intrinsic or sentimental value, the value may not be monetary. This can matchboxes, stickers, badges or even a range from beer cans from around the world. The latter may be of value while full although if kept too long the contents may deteriorate.
The Value
There are many people who now realize that some of the items handed down by their parents or other family members have a value. You only have to scan through the offerings on e-Bay ®. It is this and other avenues that have increased the value of older items. There are heaps of garage sales around our neighborhood where people may be selling items to help de-clutter the house and raise a few dollars in the process. You have to be early however because there are now people who are on your doorstep at the break of day if you happen to run one of these sales. They immediately pounce on the items of value which can readily be on sold at a good profit. You will probably kick yourself when you see the item later on in an online auction at 5 to 10 times the price you put on it to clear it.
Career
In these times many of us without a full time job are looking to earn some extra money. I now know of several retirees and a friend who was recently made redundant now attending trash and treasure sales, auctions and garage sales. They bid on items to put on online auctions. A word of caution the tax folk are now scouring online sites and gauging how much you are selling to see if it is a career or just an ad-hoc sale to dispose of some unwanted items. If you are caught in the net you may be up for a hefty tax bill with a possible punitive fine added for attempting to avoid tax. Move over Elliot Ness. Just be aware that you may have to treat your hobby as a business and keep a record of all your purchases, cost and sales. That means the petrol and other associated costs may well be tax deductible so its not all bad news. By the way they do cross check other family members in case you think you may get away with out declaring the earnings.
Turn Your Hobby into a Career
If this line of work or hobby interests you beware because there are fakes and forgeries out there, particularly with antiques. So how do you get started, make money and avoid being stung? Fortunately there is help. Antique Hunting Secrets provide the goods on how to buy genuine antiques at the right price so that your on selling activities will be extremely profitable. The highly informative data which comes at a very low price (less than $10) will guide you on how to find and invest in valuable antique bargains that will maximize your personal possessions or if you wish to on sell with success.
Summary
It is interesting that there are so many avenues of turning a hobby into a business without spending an absolute fortune. If you have an interest in antiquarian books, antiques or collectibles this could be a great career move or profitable side line. So why not pick up your COPY now and make a start. It could be the best career move you make, where you can keep your own hours. Who knows you may even pick up that rare find such as a forgotten Monet painting or a genuine antique where the seller had no idea of its value. That creates a dilemma, do you tell them or simply pocket the money. I will leave that for you and you conscience to wrestle with. Good luck with your new venture in antiquarians and collectibles.
Arnold Vee
Arnold is not a antique dealer or seller of collectibles but is aware of several friends and acquaintances who have made considerable money from this venture. No financial advice is implied in any way and those who embark in this venture will need to carefully asses the requirements of the business.
truly remarkable submit, cheers
Good, ANTIQUARIAN & COLLECTIBLES – SOME OLD – SOME NEW.
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