Before you head to the dump with all your beloved items ask yourself …is it – WORTH APPRAISING
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.