The word "antique" is likely to be one of the most elastic in the English language. The definition of this term is subject to vary depending on the person or organization defining it. According to custom laws, which are subject to update annually, an antique is any object that is 100 years old or older. The American interpretation however, holds that anything made before 1920 can be branded as an antique. That being said, an ever increasing interest in 20th century items has resulted in many pieces from this period being added recently into the "antique" category as well. Europeans, on the other hand, have a very different perception of "old" because their history goes back so much further than our own.