When most people want to buy their dream house, they usually need what is known as a jumbo mortgage. A mortgage is deemed jumbo when it exceeds a certain dollar limit as set by Fannie Mae and Freddie Mac. These two secondary market lenders will only cover loan values under $729,750, which is the new conforming loan limit set by Pre... Read more
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When you think of antiques, you sometimes think of an item's value both as collectible and as a monetary value. The challenge with a lot of ways to value an antique monetarily is that a lot of antiques are very unique so it is hard to put a price on these things. Antique clocks are no different in the ever popular antique world. When you look at things like antique vehicles, it is a lot easier to value since there are specific value guides that are published for these types of items. No such thing for clocks!
A lot of times with clocks and many other antique items of interest, the value is greatly determined by how interested the potential buyer is in the antique clock. If an antique collector absolutely has to have it in his or her collection, a lot of times that will bring the value up immensely. A lot of times, the real estate market affects the antique market as well. It seems that whenever real estate takes a dip, so do antiques. And then when the real estate market is booming, the antique market becomes a booming industry as well. There is not a lot of information out there on why this is but it is an interesting fact. One other rather interesting fact is that antique clocks have been able to hold their value even though the antique market as a whole has taken a declining trend in the last ten years or so. Other antique items have been slowly decreasing, but the clocks have managed to stay relatively stable in value. This is a good thing to know if you are looking at various types of antique clocks to invest in. There just might be a grandfather clock out there with your name on it! Another excellent thing about investing in these old clocks is that you are not taxed on any capital gains that you acquire when you buy an antique clock. Also, prices of these clocks have been steadily rising in the past eight to ten years. This makes an antique clock a sound investment. If you are more interested in collecting clocks, there are many books out there on the subject. Visit your local library or bookstore! Also, when buying, only buy from respected antique dealers and make sure you do your research to make sure you are not getting bitten with a bad deal. Enjoy your collection!
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