How To Value The Price Of My Antique Furniture
As the owner of fine antique furniture, you want to know how much those pieces are worth. Figuring out the value takes a lot of research and even if you know the value, you may not be able to sell the piece for that price. Often, the value is based off a price that is negotiated between buyers and sellers in person or through an auction. Whether you need to find out the value for resale or you want to insure your piece, there are a few things you can do to more accurately estimate how much it is worth.
How To Estimate Your Antique Furniture’s Value
To estimate a value, you will need to do some research. This can include:
- Looking Up Past Sales – You can look up past sales records to see how much the piece (or a similar one) sold for. Then, you would take an average of those prices to come to the existing value. Finding a sale record for an exact piece is not easy, therefore, you may need to broaden the search criteria and look for similar items from the same era.
- Reviewing Existing Sales And Auction Prices – Review online auctions and local antique stores to see how much they are selling similar pieces for. You will want to pay special attention to the era, condition and provenance records to make sure you are comparing similar antiques.
- Use An Online Appraisal – Online appraisal systems are not automated. Instead, you enter information about the piece and it is then forwarded to a professional who will give you an “estimation of value” in return. These services are not free; so be prepared to pay a fee.
Factors That Influence Price Of Antique Furniture
The value of your antiques is based on a few factors, from its condition to rarity to documentation. Even if you find a value, the following can impact how much your antique is worth:
- Documentation – If you have proof that your antique furniture was owned by someone famous, is historically significant or you have documentation of provenance, it may add value to the piece.
- Designer Or Manufacturer Mark – Antique furniture stamped with the manufacturer or designer mark is worth more than mass-produced pieces.
- Rarity – A rare antique is worth much more than an antique that is a common find.
- Condition – This is one of the most important factors. If the antique is in excellent condition, it will be worth more than if it has major cracks, warped wood, etc.
Antique furniture refinishing can increase the value and appeal of your piece. Whether you plan to sell it or not, having a beautifully restored piece of antique furniture can breathe new life into a historical product. Carrocel vintage furniture store offers a complete restoration service and we can bring your piece back to its original beauty.
Have a piece of antique furniture in your home that you plan to sell? Before doing so, contact us for furniture refinishing and let us help you increase the value of your piece. Visit our showroom or call 416-999-2525.