What You Need to Know About Antique Furniture Appraisals

July 9, 2023
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Table of Contents

Introduction

antique furniture is a great asset that requires considerable care. If you’re looking to appraise your pieces of antique furniture for insurance or other reasons, it’s important to understand the process and what to expect. This article will answer all the questions you may have about antique furniture appraisals, such as what they entail, the considerations taken into account during an appraisal, and the cost and time of the appraisal. Read on to learn more!

What is antique furniture?

Antique furniture is any furniture that is over 100 years old. It is generally distinguished from other types of furniture due to its historical value. Antique furniture often has a unique style that sets it apart from modern furniture. It is often made of high-quality materials, such as wood, and has endured significant wear and tear due to its age. Additionally, antique furniture is often handcrafted with intricate details, ornate carvings, and expert craftsmanship. It is also highly sought after for its rarity and unique qualities, making it a valuable asset to any collector or homeowner. The age and condition of antique furniture greatly affect its value; the older and better preserved the furniture, the more valuable it is likely to be.

How do I know if my furniture is considered antique?

Antique furniture typically refers to pieces that are at least 100 years old. However, in some instances, even younger pieces can be considered antique as long as they are of a style that is no longer produced. The best way to know if your furniture is an antique is to consult a professional appraiser. Appraisers will have an in-depth knowledge of the history, styles, and values of antique furniture, ensuring that your piece is appropriately identified. They can look at the construction of your furniture, its materials, and any details that may help to accurately date it. It’s also important to note that the general condition and cleanliness of a piece can play a role in its value. Therefore, it’s a good idea to keep your furniture in good condition to maintain its appraised value.

What is the difference between antique and modern furniture?

Antique furniture is typically defined as any furniture item that is at least 100 years old, although some definitions set the age threshold as low as 50 years. Antique furniture is made using traditional methods and is usually crafted from solid wood. It has an increased level of craftsmanship and detail, with some notable examples being highly ornamental. In addition, the finish on an antique piece typically shows the passionate and detailed handiwork of the furniture maker. Modern furniture, on the other hand, is typically made with more standardized manufacturing methods, meaning it is easier to mass produce and often less expensive than antique furniture. It can be made from materials such as particle board, pressed wood, and plastic, and usually doesn't stand out due to its lack of craftsmanship and detail. It is usually presented in a more modern, minimalist style.

What is the purpose of an antique furniture appraisal?

An antique furniture appraisal serves multiple purposes. Firstly, it can be used to assess the value of antiques for insurance purposes. Appraisers can provide an accurate value of a piece of furniture, in case it is damaged, stolen, or destroyed. Secondly, an appraisal can be used to assess the value of antiques for sale or trade. Appraisers help to set a fair market value for a piece of furniture that is fair to both the seller and the buyer. Finally, an antique furniture appraisal is often used to determine if any repairs need to be made to a piece in order to maintain or increase its value. Appraisers can provide an unbiased opinion on what types of repairs, if any, will increase the value of a piece. Ultimately, an antique furniture appraisal is an invaluable resource for anyone who owns or is interested in antiques.

What should I disclose to the appraiser when having an antique furniture appraisal done?

When having an antique furniture appraisal done, it is important to disclose as much information as possible to the appraiser. An appraiser needs to know about the furniture you’re having appraised, including its age, origin, and condition. It is also beneficial to provide any documentation you may have such as sales records, bills of sale, and photos that may aid in the appraisal. Additionally, it is important to tell the appraiser any special stories or history you may know about the piece, as this could affect the appraised value. The appraiser may also have additional questions for you, so it is important to be ready to answer questions or provide more information if needed. With full disclosure, the appraiser can provide a more accurate appraisal.

Are there any considerations the appraiser will take into account when appraising the furniture?

Yes, there are certain aspects that appraisers will look for when appraising antique furniture. The appraiser will want to understand the age, provenance, and condition of the item. They will also consider any known repairs or alterations that have been made. Additionally, the appraiser will look at any unique features or characteristics that may add value. They can also examine the quality of craftsmanship of the furniture, as well as the materials used. Finally, the appraiser may take into account any historical, artistic, or cultural importance associated with the item. All of these factors will be taken into account when an appraiser is determining the value of the antique furniture.

Does the condition of the furniture affect the appraisal?

Yes, the condition of the furniture will have an impact on the appraisal. Antiques and collectibles should be in as close to original condition as possible, with limited signs of wear and tear. If your furniture is damaged, this may affect its value. Factors such as chips, cracks, stains, watermarks, fading, discoloration, or structural damage will all be taken into consideration. Also, any repairs or modifications, such as reupholstering or refinishing, will affect the appraised value, as it will change the original character of the antique. When it comes to antique furniture appraisals, the condition of the furniture is an essential factor in determining the value. Careful consideration of the condition, as well as any repairs or modifications done to the furniture, will ensure an accurate appraisal.

What documents do I need to provide for an antique furniture appraisal?

When seeking an appraisal for antique furniture, it’s important to provide any documents that prove ownership of the item, such as the original sales receipt, photos, or other documents. These documents can help the appraiser determine the age, origin, style, and condition of the piece. Your appraisal report should include any documents you provide along with your description of the item. If you have any original paperwork that came with the antique piece, like warranties or guarantees, be sure to include that in your submission to the appraiser as well. This can help the appraiser identify maker marks, original prices, and other key information that can be used to determine the value of the item. Finally, the appraiser will likely require documentation of any renovation or restoration work the antique has gone through. This includes details on material, craftsmanship, and condition, as well as any records of specialists or craftsmen that have been hired. With all this information, the appraiser will be able to provide an accurate and reliable appraisal.

How long does it take to get an antique furniture appraisal?

The length of time it takes to get an antique furniture appraisal is largely dependent on the type of appraisal and the size and complexity of the collection. Generally, a single item appraisal can be completed within a week, while more complex appraisals (such as collections of multiple items) may take longer. It's always best to discuss your needs with an appraiser to get an accurate estimate of the time required for the job. Depending on the appraiser, additional services (such as paperwork, research, and photographs) may be required and can add to the turnaround time. Ultimately, the more information you provide to the appraiser up-front—such as pictures, invoices, shipping documents, and prior appraisals—the faster your appraisal will be completed.

How much does an antique furniture appraisal cost?

The cost of an antique furniture appraisal will vary depending on the size and complexity of the item being appraised. Generally, appraisers charge an hourly rate, which can range from $150 to $250 per hour, depending on the appraiser's experience and specialty. If the item is simple, the appraisal may be less; if the item is more complex, the appraisal may be more costly. The appraiser may also charge a flat rate for smaller, less complex items. It's important to discuss the cost with your appraiser before starting the appraisal. In some cases, the appraiser may provide an estimate up front to help you plan and budget for the appraisal.

Conclusion

Antique furniture is a valuable asset to have and appraisals are an important part of protecting that asset. If you’re looking for an appraisal for your antique furniture, AppraiseItNow is here to help you. Our experienced appraisers will be happy to provide you with accurate appraisals for a variety of antique furniture pieces.

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