Citizens' Issues
Investing tips: A few dos and don’ts

A few points you should keep in mind before completing your collection

•     Collectibles must have a market for purchase and sale. When it comes to investment and returns, items which are popular and have an easily accessible market will prove more profitable.

•    They should be of manageable size for easy transferability and preservation. Obviously, it will be difficult to transfer a giant mural or a life-size statue. The larger the object, the more difficult it is to preserve.

•    The collection must have a semblance of completion. It is better to have a narrow focus and have a specialised and near-complete collection, rather than a haphazard one.

•    Your collectibles must be authenticated by a recognised authority, if possible. Otherwise, it may be deemed a fake. Worse, the collector himself can be declared a forger and face legal action.

•    The collector must have the infrastructure to preserve the collectibles in the best possible condition. Any item, which is in bad shape, is rejected in the market.

•    A collector must have a thorough knowledge about the collectible and the market. Otherwise, he can be cheated by dealers or buyers. Up-to-date knowledge about your collection is a must.

•    A collector must know the provisions of the Antiquities and Art Treasures Act, 1972. The collector must know the items that are covered by this Act and the definition of ‘art treasures’ and ‘antiquities’. He should know all about the restrictions placed on exporting, importing, trading or exhibiting collectibles.

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COMMENTS

Todd Burkhalter

6 years ago

I would also encourage that a collection should be insured for it's full replacement value. This is often overlooked, yet when planning properly one should always insure assets.

Postal weight & stamp-boxes

The scale depicts the rates of postage, with weight limits being specified in ounces and tolas. It is a miniature brass gem, and it comes with small brass weights. Mr Jayakar got it from chor bazaar. The stamp boxes were acquired from various individuals. One of the three shows fine jaafri work on brass with enamel. The brighter stamp box contained some stamps when Mr Jayakar obtained it

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Adani bags lease for Australia’s Abbot Point Coal Terminal

With this acquisition, MPSEZ doubles its present balance sheet size and adds 50 million tonnes capacity. Mundra Port operates ports at Mundra and Dahej and is developing ports at Hazira and coal terminals at Mormugao

New Delhi: Mundra Port & Special Economic Zone (MPSEZ), a unit of Adani Enterprises has bagged a long-term lease to operate the Abbot Point Coal Terminal in Australia's Queensland state for about 1.8 billion Australian dollars, reports PTI.

"The state of Queensland in Australia has declared MPSEZ as the successful bidder for a long-term lease (99 years) of Abbot Point X50 Coal Terminal (APCT) following international competitive bidding," MPSEZ, a subsidiary of the country's largest private port operator Adani Enterprises, said in a statement.

APCT is a coal export port in Queensland and is owned by North Queensland Bulk Ports Corporation (NQBP).

"We have harboured aspirations to expand globally and were in search of right business opportunity with strategic fit. Abbot Point is our contribution to India's increasing global ambition and will boost synergy with other businesses of the group," Adani Group chairman Gautam Adani said.

With this acquisition, MPSEZ doubles its present balance sheet size and adds 50 million tonnes capacity. Mundra Port operates ports at Mundra and Dahej and is developing ports at Hazira and coal terminals at Mormugao.

Abbot Point is expected to have revenues of A$110 million in 2011, with an EBITDA of A$59 million. The coal terminal has two berths capable of handling cape size vessel of over 2 lakh tonnes deadweight with annual capacity to load 50 million tonnes.

Shares of Adani Enterprises declined 0.02% to Rs628.40 in noon trade on the Bombay Stock Exchange.

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