Posts Tagged ‘Antique’

Antique and Collectible Values – Are They Reliable?

Friday, June 18th, 2010

Many people have antiques and collectibles that they have either purchased over the years or have inherited from friends or family members. At some point in time, almost everyone is interested in learning the current values of such items.

Different people go to different places to get estimates of what their particular treasures are worth. Does each antique or collectible have a set value? Will you be given the same price regardless of where you take it? The answer to both questions is no.

If someone is providing you with his or her professional opinion as to what an item is worth, you have to ask yourself who is this person? What is this person’s association with the antiques business?

If you take an antique to an antique mall for evaluation you will have a completely different result than if you took that same item to an auction house or an antique show. Each person at each of these three locations has a completely different outlook as to value. Most people will speak to what they know. An auctioneer will provide you with a price that he or she thinks the item will bring at auction. The same can be said for the mall and show dealers. Each has a different perspective.

The hopes of getting a realistic quote as to the value of your item gets further complicated when you incorporate all the other important factors.

Other factors include:

1. The condition of the item.
2. Where in the country is your item going to be sold?
3. Is your item presently on the “What’s Hot” list?

The most important of these factors is condition. Condition has the biggest affect on the value of any antique or collectible because there are so many variables involved – chips, cracks, scratches, missing pieces, fading, etc. Also, there are different degrees of damage assigned to each of these that also effect price, such as a small chip that can’t be seen as opposed to a large chip that is located in a really conspicuous place.

Where an item is going to be sold is extremely pertinent. There may be a call for Early American furniture in New England but you will not find
anyone in Florida who is the least bit interested. It is all about location, location, location.Last, but not least, is whether or not your item is popular at the present time. Different antiques and collectibles fall in and out of favor all the time. You only want to cash it in during the height of its popularity. In this respect it is similar to the stock market. Buy low and sell high.

You can attempt to determine the current worth of your item yourself by using reference books or price guides. Keep in mind that the prices in most of these books represent the highest amount realized for any given item at live auction, not how much it sold for on eBay or at an antique store. Sometimes auction prices are higher than retail but sometimes they are not. Just remember that these books are giving you information as it relates to auctions only.

If you do use reference books or price guides to evaluate one or more of your items, check the publication dates of the books that you are using. Most books get reprinted or updated with new values every few years. If you are using a book that was published five years ago then that book is giving you prices that are five years old. The item or items you are researching could be worth more or less today than what the books are telling you. This is very important to remember.

Notice that no mention has been made here concerning written appraisals. A written appraisal is something completely different from a verbal appraisal or an estimate or even an opinion from an antiques and collectibles expert. A written appraisal is an official document that is recognized by the courts. It is mainly used for insurance purposes and it provides a replacement cost of an item that is damaged, lost or stolen. Written appraisals are expensive and should only be obtained for legal reasons.

The Reasons Why to Decorate with Antiques

Monday, June 8th, 2009

One of the main reasons why to decorate with antiques is that it can highlight different parts of the house. If you put an antique piece in your living room, it can add elegance to the living room. This is a good idea especially if you want to make the room look more special. If the room looks boring, you can spice it up by simply decorating it with the antiques that you are collecting.

Also a reason why to decorate with antiques is that it can compliment other furniture in your house. If the furniture in the room makes it look dull, it is a great idea to compliment the furniture with an antique. This will make the room and the furniture more attractive than it was before. Some furniture really needs some item to compliment them in order for them to be noticeable. This also goes the other way around with other antique items and furniture. If the antique furniture is too noticeable for the room, you may want to add an antique painting, vase, rugs, or figurine near or on top of the antique furniture. By doing this the antique furniture which earlier was too noticeable for the room will blend in perfectly. This is due to that the attention that might be given to the furniture will be redirected to the antique ornaments.

Other reasons of why to decorate with antiques is due to that if you display such an item you will be showcasing the art and culture of the people who made it. This is a great idea especially if you have kids. Because when you display antique items to showcase the arts and culture of the makers of the antique item, you are teaching your children about the history and culture of certain peoples. If you really just want to see and appreciate fine and rare arts, it is a great idea to have your antique collection on display in your room. Also, decorating your room with antique will not only satisfy you but it will also satisfy the taste of other people that visits your room.

There are different reasons why to decorate with antiques. But, the entire effect on decorating your room with antiques is the same. You want to make that certain room more beautiful. However, you must consider several things when decorating the room with antiques. One of the things you must consider is that the room should compliment with the antique. You don’t want to place an antique together with a digital appliances or gadgets. Also, you don’t want to decorate the room with so many antiques because the room will not look great if it’s swarming with antiques. It is best to have the appropriate number of antiques to display.