Today's Collectors Focus: Valuation of Antiques:
An antique is a collectible item which is usually
attractive to collectors because of its age, rarity, craftsmanship and any
other unique features or a subjective appealing to a specific collector.
It is common to relate to a collectible as an antique with
it being at least hundred years old. Thus, the US customs office considers as
an antique any object which is older than hundred years old. This is also the
common reference to an antique by the CINOA which is the largest antique
dealers association representing five thousands dealers from more than twenty
countries.
Referring to the valuation of antiques, it is often
difficult to value antiques as they could be one of kind piece which cannot be
comparable with any other item. More over, the only true value of an antique is
the price which a specific buyer is willing to pay for the specific item at a
certain time. However, some guidelines and tools can be summarized of how one
could valuate a specific antique.
One tool which can assist with the value of an antique is
if it is a genuine or a reproduction item and if it is accompanied by
a certification of authentication. Nevertheless, the authentication of the
certificates themselves should be determined as they can easily be forged. One
example is of the son of Han van Meegeren, whom forged the work of his
father and provided a certificate for its provenance as well.
Another tool to valuate a specific item is to look for
similar items and their recorded average selling price in online auctions sites
and auction houses. Some books and price guides which can be found in book
stores and local libraries can also give a good indication of the appropriate
pricing based on similar items.
Another option is to assist with professional antiques
appraisers whom can write a written appraisal to give an idea of what the item
is worth. These services are also available today at online dedicated sites.
It should be noted that an antique dealer would expect to
pay a wholesale price of an item which is approximately one half of what one
could get by selling the item directly to a collector which can be a longer
process but a lucrative one.
Reproduction of Auguste Rodin Bronze Statue:
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