WHAT’S IT WORTH

Thanks to the success of reality tv shows like American Pickers and the Antique Road Show we’re looking at all the stuff in our homes and garages a little more closely. So naturally, one can’t help but wonder… What’s it worth?

This is where a certified appraisal from an accredited antique appraiser will come in handy.

 Sold at Christie’s in London for $33,150.

CHOOSING A QUALIFIED APPRAISER

Ask around. Get some recommendations from local antique dealers or members of an auction house in your area. Just keep in mind that a “qualified appraiser” must have earned an appraisal accreditation from a recognized appraisal organization.

COST OF AN APPRAISAL

The first thing you should know – it’s not free. The cost of an appraisal varies widely depending on the appraiser’s knowledge, experience, and certification. Expect to pay either a flat fee or an hourly rate. A flat fee may include the valuation of one to three items. With fees ranging anywhere from $75. to $200. per item.  Whereas an hourly rate of $80 to $400 may include the entire contents of a home. You should never pay a percentage of the appraised value. 

Elephant bird egg sold for $100,000.

WHAT SHOULD AN APPRAISAL REPORT CONTAIN

• You should receive a signed certification with the appraiser’s credentials.

• The purpose of the appraisal i. e. Insurance, resale etc.
  
• All the data and sources used to determine value. 

• A full description of each item including condition, dimensions, and any maker’s mark.
  
• Photograph of the object. 

• A value summary for each item.

• These reports should conform to IRS and Insurance Industry Standards. 

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