Definition of an "Antique"

Many people are confused about the difference between an "antique" and a "collectable." This is probably because the two terms are similar in characterising an item by something other than its physical attributes. For example, if you were looking at a chair, you would recognize it simply because it had certain physical attributes; namely, two arms, four legs, a seat, and a back. However, not everyone would know whether this particular chair was an antique or a collectable simply by looking at its physical features. So, what makes this chair a collectable or an antique?

By definition, a collectable is an item whose value originally revolved around its utility or aesthetic attributes but has since been enhanced by widespread interest. For example, an item might become a collectable through association. To remain consistent with the chair example, John Lennon's chair is a collectable. The intrinsic value of the chair does not lie in the chair's "utilitarian purpose" rather it lies in the fact that John Lennon used to sit in it.

An antique is defined by an item's age. Although the U.S. government considers any item over 100 years old to be an antique, most collectors use 50 years as a benchmark. John Lennon's chair may or may not be an antique, but your great, great grandfather's chair is, even if he isn't famous. The value of your great, great grandfather's chair may vary based on its quality, style, craftsmanship, and several other factors. However, regardless of the chair's condition, it is still, by definition, an antique because of the year in which it was created.

Definition of an "Antique"
How to Learn About Antiques
A Brief History of Antiques
Why People Collect Antiques
Major Categories in Antiques
Factors Influencing Value
Tips for Finding and Buying
Tips for Listing and Selling
Displaying Your Collection
Caring for Your Collection
Insuring Your Collection
Books
Glossary