If you're looking to buy or sell antique furniture, it may be difficult to know what the fair value of a given piece may be. Obtaining an antique furniture appraisal from a certified antiques appraiser is one of the best ways to establish the value of the particular antique. Locating an accredited antique furniture appraiser, just call a local antique shop or auction house for a recommendation.
There are several different categories of antique furniture appraisals, such as auction, retail, wholesale and fair market value. The insurance value typically carries the highest dollar range value and is in writing. The insurance value indicates the dollar replacement value, should the piece be stolen or damaged.
Other types of antique furniture appraisals are usually verbal. If you get a verbal appraisal, your local appraiser can verify this figure to a buyer by phone. An appraisal can help you sell a piece more quickly.
As a seller, when advertising, be sure to note that you have an antique furniture appraisal which certifies the quality and value of the piece. People who are looking to invest in quality antique furniture tend to be serious buyers.
As a buyer, an ad indicating that the seller has gone to the trouble of getting an appraisal is a good sign that you'll be paying a fair price. You may also be able to negotiate to a slightly lower price, depending on how interested the seller is in making a quick sale and how many people are interested in seeing the furniture. However, there's the intangible value in the beauty of the piece. So, don't hesitate to pay the asking price as determined by the appraisal, because you know the value is fair.
You can also use one of the antique price guide books, as a sort of DIY antique furniture appraisal, which still yields an accurate and fair price. Antique Trader Furniture Price Guide is one of the better known pricing books for antique furniture. You can also find guides which list specific furniture companies, eras, or country of manufacture. These books contain detailed information on each piece, such as markings on pieces which reveal details the lay person would not ordinarily recognize as pertinent to the value.
Another resource in determining the value of your antique furniture is found online. Do a Google search on 'antique furniture price guides' for websites which specialize in antique furniture. You'll find sites with more than a half million pieces and searchable databases.
Yet another way of doing the DIY style of appraisal is to search on eBay, Ruby Lane and other large auction sites to find items similar in quality and condition which have recently sold. Print out these pages and descriptions for reference.
You can see there are several easy ways to obtain an antique furniture appraisal. It's smart to use several sources, so that you can average out prices and arrive at a fair value. This works for both buyers and sellers.
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