Acquisition
Acquisition in the antique industry refers to the process of finding, evaluating, and purchasing valuable antique items for resale or collection. This role involves researching items' authenticity, negotiating prices, and building relationships with sellers such as estate owners, auction houses, and private collectors. It's similar to buying or purchasing roles in other industries, but requires specialized knowledge of antiques, their history, and market value. People in these roles are often called "buyers," "sourcing specialists," or "procurement specialists" in the antique business.
Examples in Resumes
Led Acquisition efforts for rare 18th-century furniture pieces across New England estates
Managed Acquisitions budget of $500,000 annually for European decorative arts
Developed new Acquisition sources through networking at major antique shows and auctions
Responsible for Acquisition strategy resulting in 40% growth of gallery inventory
Typical job title: "Antique Acquisition Specialists"
Also try searching for:
Where to Find Antique Acquisition Specialists
Professional Organizations
Online Communities
Industry Resources
Example Interview Questions
Senior Level Questions
Q: How do you evaluate the authenticity and value of antique items?
Expected Answer: A senior acquisition specialist should discuss their systematic approach to authentication, including examining maker's marks, studying construction methods, analyzing materials, and using reference materials. They should also mention their network of experts and experience with various antique categories.
Q: How do you develop and maintain relationships with sellers?
Expected Answer: Should explain their strategy for building long-term relationships with estate owners, auction houses, and private collectors, including regular communication, fair dealing practices, and maintaining a professional reputation in the industry.
Mid Level Questions
Q: What factors do you consider when setting acquisition budgets?
Expected Answer: Should discuss market trends, potential resale value, restoration costs, seasonal variations in availability, and how they balance these factors when making purchasing decisions.
Q: How do you verify provenance of antique items?
Expected Answer: Should explain the process of tracking item history, checking documentation, working with experts, and using various research methods to confirm an item's origin and history.
Junior Level Questions
Q: What resources do you use to research antique items?
Expected Answer: Should mention basic research tools like price guides, online databases, reference books, and explain how they use these to learn about different types of antiques.
Q: How do you handle basic condition assessment of items?
Expected Answer: Should demonstrate knowledge of examining items for damage, repairs, and authenticity, and explain when to seek expert opinion for more detailed assessment.
Experience Level Indicators
Junior (0-2 years)
- Basic antique identification
- Understanding of market prices
- Basic condition assessment
- Research and documentation
Mid (2-5 years)
- Detailed authentication knowledge
- Negotiation skills
- Market trend analysis
- Vendor relationship management
Senior (5+ years)
- Expert authentication ability
- Strategic sourcing
- Advanced pricing strategy
- Network development
Red Flags to Watch For
- No knowledge of basic antique periods and styles
- Lack of understanding about authentication methods
- Poor communication or negotiation skills
- No experience with condition assessment
- Unfamiliarity with major auction houses and antique markets
Related Terms
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