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...Hicham Aboutaam, who is co-owner with his brother, Ali, of Phoenix Ancient Art in New York City and Geneva, attributes the increasing value to a couple of factors. For one, there is now a finite number of legitimate objects circulating in the U.S. due to more stringent art import legislation, enacted within the last few years. In addition, there is an increased interest in art and antiquities as investment. "People have started to appreciate the fact that this is a field where you can still get high quality objects for a fraction of what you would spend...

Author: /time Magazine | Title: Antiquities: The Hottest Investment | 12/12/2007 | See Source »

...buying the first Greek vase they find? Ambrose advises that they study up on an era or object that they are truly interested in. He also suggests building rapport with a dealer. "A respected dealer will work with you...and they love to share their knowledge," he says. Aboutaam says that the new collector needs to understand the importance of the provenance, or history, of the object. "Check the authenticity of the piece. Who is selling it and who has seen it in terms of scholars or experts?" he says. "And it's crucial to get a condition report from...

Author: /time Magazine | Title: Antiquities: The Hottest Investment | 12/12/2007 | See Source »

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