Antique Appraisal 101

August 7, 2009

antiquebottles There is quite a demand in today’s market for antique items of all types, and so learning how to conduct antique appraisal is becoming increasingly important. Antique items are supplied to customers by way of the market that buys goods in both unrestored and restored conditions. The process of the antique appraisal will enable the supplier as well as the consumer to arrive at a single number for price at the time of the antique’s sale. Antique appraisal gives us all of the information that we need pertaining to the manufacturer and the manufacture of the antique. Antique appraisals are largely judged on the look and feel of the antique and any other details that can be provided.

Antique appraisals are legal documents that are designed to describe the state of property, clarifying the value of the property following a strict pricing standard when it comes to addressing antiques. Some of the things that are included in this appraisal process include:

A description of the property that is being appraised,
An analysis of the current marketplace for the item in question,
A notation of the donate that the antique was evaluated on,
The value that the antique item was perceived to have,
Information on the evaluator’s adherence to an ethical code,
A report pertaining to the fee policy of the antique appraisal,
An appraisal certificate stating pertinent facts about the appraisal process,

The value and the portrayal that is conducted by an experienced antique appraiser will assure in the insurance of such an antique. Many take these evaluations and use them to obtain loans from the bank or from another financial institution. Assessing an antique for price and value is a process that is time consuming, and as a result it can easily take between two weeks and four weeks. The antique will be appraised based on its condition, where and when it is from and how unique it is. Once the antique has been properly evaluated, the appraisal document is sent to the owner of the item, and the appraiser keeps a copy on hand for their own records as well.

Most appraisers of antiques are quite knowledgeable and experienced because there are a number of different factors that have to come into play when it comes to placing a value on the antique. These include condition, regional difference, the market value and rarity of the item in question.

Here is a word of caution to keep in mind: You should never make a trade with an appraiser, because you could potentially be taken for a ride. You also should never get your antique appraised over the internet. If you want an accurate evaluation, you need to go to a real appraiser because he or she will need to handle the item in order to make an accurate decision about the item.

Photo Credits: R. Motti

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