I've set myself a challenge - to buy an 'antique' for £10 or less and sell it for a profit via traditional or online auction.
The plan is then to reinvest the profit (and the original tenner!) in a new treasure, sell that for a profit... and so on. My only rules are:
1. Each object has to be at least 30 years old.
2. Auction house commision/listing prices/postage costs will be deducted from any monies in the 'pot'.
I've always been interested in antiques - I was a massive fan of the Lovejoy television series during the 1980s and will tune into Antiques Roadshow, Bargain Hunt or Boot Sale Challenge whenever I have the chance. I suppose my long-term ambition is to own an antiques shop - but that dream is a very long way off.
So in the meantime I'd like to have a bit of fun and learn a bit as I go along. I know 10 pounds isn't going to go very far but I'd like to think it's possible to turn it into £100.
But where should I start? I have very limited knowledge and even less time available. Should I go for something silver, something made of wood, something from the '50s, the '60s or later? How old does an object have to be to be considered an 'antique' or 'collectible'?
Any suggestions would be much appreciated. In the meantime, I hope you enjoy this blog and check in from time to time to see how I'm doing.
Wish me luck...
