8 Reasons to have an item appraised
You Should Know What Your Items Are Worth
You Should Have An Inventory For Estate Purposes
You Should Have An Inventory To Determine Adequate Insurance Coverage
If You Relocate, A Moving Company Needs To Know The Value
In Case Of Burglary, You Need To Know What Is Missing
If You Donate Items, You May Get A Tax Deduction
You Must Know The Relative Scarcity Of Your Items
If You Decide To Sell Items You Need To Know What Is A Fair Price To Ask
There are a number of factors you must consider when determining the value of an antique or collectible. Looking an item up in a price guide or finding a comparable item is only the beginning.In this article I have listed some guide lines to use when valuing your antique or collectible.
I will start with one of the most important things to consider when determining the value of an item.
As an appraiser one of the first things I look at is condition. The condition of an item can affect the value dramatically. An item in good to mint condition will bring far more then an item in below average or poor condition. Condition always affects an item no matter how rare the item is. Look for the following when determining condition:
Cracks, Fractures or Chips in the globe
Condition of the Material the item is made of (ie. Brass,Tin,Copper and etc)
Over all condition
Missing Parts or Pieces
Repairs or Touch ups
Dents or Rust
Stains or Marks
Anything that keeps your item from being in like new or mint condition.
Antique and Collectible Market Trends: Antique values can be affected by market trends, this can happen quickly. Watching your favorite antique or collectible market will help you determine the true value of your item. Market trends can affect the price in a positive way by driving prices up or a negative way by bringing the prices down. If you are using a price guide the prices at the time of printing may have been affected by a market trend that no longer exists.
Check for Marks:
This is one of the first things an appraiser looks for. You will always see an appraiser pick up an item and look for a mark. Maker's marks or signatures on any item can tell you a lot about the piece. Here are some things a mark can tell you:
If the item is real or fake (Be careful of fake marks)
Date the item was made. Many makers changed their marks frequently and knowing when a mark was used can help you determine the age and authenticity of an item.
Who made the item. Value is determined not only by what company or where an item was made.
Pattern or design information. Knowing the pattern or design can change the value of an item. This information will also help when you are doing research on the item.
Rarity can play a major part in the value of an antique or collectible. Extremely rare items with some damage may still retain a decent value. For example a Lantern globe with a hair line crack will still bring a high price when sold. On the other hand a common globe with the same damage will not hold much value if any at all. If the item is common this will affect the price by making it worth less than a rare item, even if the items come from the same maker. A lot of the times this will happen with pottery or glassware when the patterns are different but the makers are the same.
F. Meyrose Lamp & Manufacturing Company
ST. Louis Mo.
Model name "MY FRIEND"
Please go to the Appraisal Agreement page for your Appraisal.
This is an example of an appraisal. Every appraisal we submit is thoroughly researched and documented...
IDENTIFICATION AND APPRAISAL
The Antique Lantern
This document is for the evaluation
of the Lantern.
Maker (if applicable)
Model (if applicable)
Patent number (if applicable)
CONDITION: In excellent condition
1. This appraisal is submitted, using images and information supplied by YOUR NAME, without direct inspection of the Lantern.
2. The work of (MAKER)
3. The prices shown in Appendix “A” include the buyer's premium charged by the vendor. Typically, auction houses charge 10 - 20% commission, plus add-on fees for photography, insurance, storage, transportation and other services normal to their business.
4. The specific comparable images of the lantern chosen from the hundreds we researched, are included in this report for the reasons of, first, similarities; second, to show the different style relationships typical of the maker; and third, to show how value is affected by the current market.
5. Research history on (MAKER) if applicable.
6. Provenance of the Lantern places it back to an owner,company,railroad or business. History will be researched and listed here if applicable.
7. The condition of the lantern is described here, listed if parts are missing
The Lantern is a patent by ( ) The provenance of the Lantern is compelling and there is no reason to doubt its authenticity. The Lantern is in good condition and well cared for, adding to its desirability.
EVALUATION OF Lantern:
Lantern $400 - 600 USD
This appraisal for (YOUR NAME) is executed without direct inspection of the subject. The results are based on information submitted to us by (YOUR NAME). I certify that the information contained in this appraisal has been thoroughly researched and is a true, accurate and complete record of my findings. A copy of this report is retained at THE ANTIQUE LANTERN..
Certified on this day...
January 28, 2017
(Mr) Joseph Bokanoski
The Antique Lantern
91 Grand Ave.
On the internet at: WWW.TheAntiqueLantern.com
Research Findings - Auction Results for Comparable items.
Notes: Arranged chronologically by date of sale, most recent first.
The titles of each individual work, as listed below
correspond with the titles of the images that accompany this list.
Auction House: John Moran Auctioneers 06/20/2006 Lot: 62
Low Est.: $400
High Est.: $800
Sales Price $600
Auction House: Christie's Los Angeles 06/14/2006 Lot: 76
Low Est.: $200
High Est.: $300
Sales Price: $300
Auction House: Auction in Santa Fe, 08/11/2005 Lot: 401
Low Est.: $250
High Est.: $300
Sales Price: -not sold-
REFERENCES AND RESOURCES
Standard Biographical References and resources used in research, and quoted in this appraisal are:
ABOUT The Antique Lantern
Owned and Operated by Joseph Bokanoski
Mr. Bokanoski has been a reputable collector,dealer and researcher in the Lantern collector community and is well respected.
91 Grand Ave.
Vernon , Ct 06066