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Gauging Worth Antiques Much Should Pay

gauging worth antiques Gauging Worth Antiques Much Should Pay

Hire an appraiser to appraise.
Never, ever sell your antiques to the person who's appraising them. Only let them do the pricing and determine the value.

Skip Internet appraisals
Appraisers agree that the Internet is generally not a good place to obtain accurate pricing and value on antique items. A good appraiser will need to see and handle a piece to determine its true value.

Get references
Ask managers at a bank or estate attorneys -- they are a good source for finding a professional, reliable appraiser capable of performing accurate pricing. Another option is the American Society of Appraisers, where members must pass an exam on how to value property and on ethical pricing standards.

Senior members must have at least five years of experience and take four classes covering various aspects of appraising and pricing.

Interview several candidates
Once you get some names, search for appraisers who fits your needs.

It's important to be clear about the reason for your appraisal, Bourgeault notes. For example, if your appraisal is needed for tax purposes, it will need to be written.

If it's for insurance purposes, the estimate will be higher than those for appraisals needed for estate sales, family divisions or for gifts because the replacement value of an object (its retail value) is often higher than its fair market value.


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