Know the Value of Your Antique Furniture

Your old furniture lying in the attic might be great value, may be worth a fortune. Antique furniture inherited might help you earn some money. It’s not easy to know the correct worth of your furniture. There are certain factors that determine the value of your furniture. Antique furniture is not just dear but also rare and that makes it valuable. 

So if you want to know the value of the old furniture lying in your attic, for selling or insurance purpose, read the article.

Assess the furniture

The first step is to assess your antique furniture. You need to know the type of furniture it is. Whether it is Victorian or any other style? What wood is used? Does the table have a marble top? Is it damaged? Are there any scratches, cracks, chipped pieces or dents? Check if any repair work has been done. 

If there is any label, take its picture. Any other information like from where and when your grandfather bought it. Also take proper clear pictures of the furniture from different angles. 

Get in touch with Prestige Valuations for Antique Valuations and get your furniture valued by experts.

Don’t Dare To Repair 

If you think cleaning, washing, painting or repairing can spruce up your furniture and increase its value, then think again. It can lower the value of your furniture. Experts know how to restore antique furniture. 

So leave this work to them. You can seek certified appraiser's advice as to whether repair work will increase the worth of your item or not. 

Value of antique furniture 

You must know different types of price values for antique furniture. What a buyer would be willing to pay for the item is known as the fair market value or retail value. This value is used by insurance appraisals. 

It is called replacement value for insurance purpose. In case it is lost or stolen, this value is considered. 

The price at which the dealers buy from you is known as the wholesale value. Mostly dealers pay you 35% to 50% lower price than the retail value. The amount at which the furniture is expected to sell in an auction is its auction value. 

If you are in a hurry to sell your item this is the best way out. Although auctions are a bit difficult task but it fine as long as you get what you expecting. Most of the times, you get more than the wholesale value and less than the retail value. 

Research a similar item

Research is most important in order to find out the correct value of your furniture. You can search on internet so that you get a rough estimate of the value of your antique furniture. You can look for auction and sales database. 

You can find out the age, style and other details about your furniture online or in books available in the library. 

Get your furniture valued online 

When in doubt better to get your furniture appraised by a certified valuation service like Prestige Valuations. It is easy and hassle free to get online antique valuations.