If you decide to invest in collectibles, keep these points in mind:
* Focus on what you enjoy and do some research. If you’re interested in art, for example, go to regional museums to see whose work is on display. Try to find artists whose work is well established, with regular shows.
* Buy what you like but keep resale value in mind. If an artist is known for medium-sized abstract paintings, don’t buy that artist’s one small portrait. The unusual piece might be harder to sell some day. If you really want a portrait, buy one from an artist who’s known for that type of work.
* Buy a unique piece, not a multiple. That is, you’re better off with a free-standing work of art rather than one print from a numbered run.
Once you obtain a work of art, it should be adequately insured but not stored. Art is probably safer on your wall, rather than in storage. Just be sure not to hang it over a blazing fireplace, or in direct sunlight.
If you decide to collect antiques, take some care to maintain their condition, which will affect value. Don’t put drinking glasses on bare table tops, for example.
