The start of a new year motivates many homeowners to spring clean their properties, and unearthing something valuable in the attic is a captivating prospect that could bring you a windfall, or help you to pay off your debts.

Whether it's a pristine set of Superman comics, a piece of furniture that has been handed down through generations or an early work by a local artist, many of us own at least one cherished item that we hope, one day, could be worth something.

If you are selling an item, a would-be purchaser may offer you a price that is considerably lower than the real value of the piece. 

Similarly, as an amateur bargain hunter you can easily spend too much on a piece that is either over-priced or turns out not to be what you thought it was.

To avoid these problems it pays to consult the professionals.

RICS spokesperson Jeremy Lamond says:

"Art and antiques auctions have been a popular method of buying and selling fine art for centuries and a barometer of the market at local, national and international levels.

"If you’re thinking of selling or buying antiques take a look at the RICS guide to Buying and selling antiques at auction, and check that the auctioneer is an RICS member, as this gives additional protection to buyers and sellers.

"A chartered arts and antiques surveyor can give you professional, impartial and confidential advice on whether your purchase is a sound investment, as well as an estimate of value if you are selling your treasured items.  

"A valuation from a qualified professional means you can get a fair price and your expectations are more likely to be met.

"Many local auction houses are connected to the world via an online facility enabling you to reach an international audience and bid live, with the reassurance that dealing with an RICS arts and antiques surveyor brings."

Some top tips on buying and selling antiques at auction:

Going, going, gone…

• Try to get more than one valuation;
• Set a reserve price;
• Choose a specialist auction for a specialist product;
• Agree on a commission before leaving your property with the auction house.

Bagging a bargain 

• Talk to the auctioneer and get his advice;
• Ask for an estimate before bidding;
• Be guided by what you like;
• Avoid repairs and renovations;
• Know your limit – and stick to it.

RICS guide to Buying and Selling Antiques at Auction

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