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9 Things I Wish I'd Known About Antique Appraisers Before Hiring One
June 21, 2023

Antique appraisers occupy a unique niche, threading the needle between the refined world of art connoisseurship and the gritty realities of the marketplace. Their job is to assess the value of antiques, artifacts, and collectibles, and their expertise is often sought after by collectors, estate managers, and auction houses. But as I found out, engaging the services of an antique appraiser is not as straightforward as it seems. There are nuances, intricacies, and pitfalls that laypeople may not be aware of initially. Here are nine revelations that emerged from my experience, which, if I had known earlier, would have made my interactions with antique appraisers more efficient, effective, and enlightening.

  • Specialization is Key: Appraisers are not a monolith. Like in the fields of medicine or law, there are generalists and specialists. An appraiser specializing in 17th-century French furniture may not be the best fit for evaluating your collection of vintage comic books. Understanding this allows you to seek out an appraiser whose expertise aligns with your specific needs.

  • Certifications Matter: Professional appraisers are often certified by reputable organizations such as The Appraisal Foundation or The American Society of Appraisers. These bodies ensure their members adhere to a rigid set of ethical and competency standards, known as Uniform Standards of Professional Appraisal Practice (USPAP). A USPAP-compliant appraiser is likely to provide a more reliable and legally defensible valuation.

  • Determine the Purpose of the Appraisal: The value of an object can vary significantly depending on the purpose of the appraisal. A piece appraised for insurance purposes may have a different value than the same piece appraised for tax or estate purposes. This is due to the different valuation standards used for different purposes, such as Fair Market Value or Replacement Value.

  • Prepare for the Cost: Similar to lawyers, appraisers usually charge by the hour. This includes the time they spend researching, analyzing, and preparing the appraisal report. Knowing this beforehand can help you make a more informed cost-benefit analysis.

  • Importance of Provenance: Provenance, or the record of ownership of an item, plays a significant role in an item’s valuation. An object with a well-documented history of ownership, especially if it includes notable figures, is likely to have a higher value.

  • The Market Dictates Value: The antiques market is subject to the principles of supply and demand. This means values can fluctuate significantly, and the appraisal you received five years ago might not hold today. Regular appraisals can help keep up with these market trends.

  • Appraisals are Not Guarantees: An appraisal is an educated estimate based on the appraiser's expertise, market trends, and comparable sales data. It is not a guarantee of a sale price. So don't be surprised if your item does not fetch the appraised value at auction.

  • The Influence of Condition: The condition of an antique greatly influences its value. Unlike in the world of real estate, where renovations can boost value, antiques often derive their value from originality and authenticity. So, before you rush to "restore" that antique chair, consult with an appraiser.

  • The In-person Evaluation Advantage: While technology has made it possible to do appraisals online, an in-person evaluation usually produces a more accurate result. The tactile experience, the ability to examine an item under different lighting conditions, and the opportunity to assess the piece in its environment can give the appraiser valuable insights that images can't capture.

The world of antique appraising is a fascinating intersection of art, history, economics, and psychology. The above insights, gathered from personal experience and hindsight, aim to equip future patrons of this service with a more comprehensive understanding of what to expect and how to prepare. Remember, knowledge is power, and in the realm of antiques, it just might be the key to unlocking a trove of hidden value.


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