Antique Furniture Valuations
Getting antique furniture valued is not always as easy as you might imagine.
The first thing on the agenda is the reason why you want the valuation.
The main reasons usually fall into three categories 1 insurance purposes 2 an idea of value before disposal 3 basic intrigue.
When valuations are given for insurance purposes, there are consideration over and beyond the worth of an item on the day.
For instance, if you wanted a like for like replica made by a modern day cabinet maker, certain pieces of furniture could need to be valued at much more than their selling value on the day.
Take for example this burr walnut cocktail cabinet A-768 priced on our website at £2650 Estimated cost of a new like for like replacement would be between £10000 - £12000.
So as you can imagine, depending on what you require from a valuation can bring different results.
The second and third reasons for valuations should bring similar results, because all you need is a current value.
One thing that could bring you an incorrect valuation would be by not letting the valuer of your choice know why you want the appraisal.
If for example you really wanted to sell your items and not pay for a detailed and itemised valuation, you have just strayed off the rails of your initial intention.
If for example you have chosen an antique dealer for your valuation, which shoes is he now wearing? A buyers or a valuers?
This is not to say the dealer will not be fair, it’s just a different scenario.
So a valuation is just that and as you might expect it will have a price.
Some auctioneers who offer this service will usually give you a set fee and often charge a percentage of the overall value say 20%.
An antiques dealer generally charges a set fee.
To whom do you go? Most auctioneers who hold regular sales of antique furniture will usually offer a valuation service, a little research by yourself on the internet should find someone appropriate.
Have a look at their previous and current auctions to see if they are selling similar goods to yours.
Finding a reputable dealer could follow similar lines. See what kind of goods they are selling. Are they old established?
Are they members of any antique associations. All these things should help you make a good choice.
Finally if I can just reiterate what I touched on previously, the most important starting point is to know that you must pay for a detailed and itemised valuation.
In our opinion it is best to ask for the current values in today’s market and refrain from disclosing your intentions if indeed you are thinking of selling.