Antiques are often defined as collectibles over a century old, which show qualities such as rarity, good condition, beauty, quality, craftsmanship etc. Whilst items such as furniture and art conventionally are 100 years or older, cars are the exception to this rule; in the UK a vehicle must have been built at least 45 years ago to qualify for this title. Items crafted from antique porcelain, such as dinnerware, decorative ware and china dolls, are highly sought-after on the collectors' market; some of the most notable British manufacturers of antique porcelain include Wedgwood, Royal Worcester and Royal Crown Derby. On the used jewellery market, the terms antique and vintage can often be confused, with vintage generally being used for a piece between 50 to 100 years old. The Suffragette jewellery produced in early 20th century England is today coveted for its historical significance, as well as its elegant designs incorporating the purple, green and white colours of the Women's Social and Political Union.
The art market has never been hotter, prices are soaring. Last year, the Fine Art market boasted a 51 billion euro turnover, which is an increase of 7% from the previous year, and a new record since 2007’s 48 billion euro. These numbers, however, still reflect just a fraction of the market’s total turnover, as the lower segments determine the most important growth factor.
Watches and jewellery are two of the fastest growing categories when the auction market takes over from peer-to-peer platforms. Over 45s dominate the global auction market, and are migrating to mobile as the market grows and finds new gold mines.