How do appraisers establish what an antique is worth?
By triangulating three types of market evidence: completed auction results, active dealer and gallery offerings, and category-specific price guides used as a historical baseline. Our appraisers cite specific sale dates, lot numbers, and venues, then reconcile several arm’s-length sales of materially comparable items into a value range, adjusting for age, rarity, and condition.
Do asking prices reflect an antique’s real market value?
No. Asking prices in dealer listings and marketplaces often sit unsold and do not establish what buyers actually pay. Credible appraisals prioritize documented completed transactions and treat unsold listings only as context. Relying on asking prices tends to inflate values and is a frequent reason insurers, courts, and the IRS discount owner-supplied numbers.
Should I clean or restore antiques before an appraisal?
No. Original patina, craquelure, and period-consistent wear are key authenticity and value indicators, and aggressive cleaning or modern refinishing can materially reduce desirability and price. Have the item appraised as found; the report will note any existing restorations and explain how they affect the comparison to market sales.
What must an antiques appraisal document to be credible?
The object itself in detail: dimensions, materials, maker or artist, production period, visible marks, and condition including wear, damage, and repairs. It must also state the value definition, intended use, effective date, market level (auction, dealer, or retail), and the approach used. A one-line value statement without methodology fails basic professional expectations and cannot be relied on for tax, insurance, or litigation use.
When does donating antiques require a qualified appraisal?
When you claim more than $5,000 for an item or a group of similar items: the IRS requires a signed qualified appraisal with Section B of Form 8283 attached to the return. Certain higher-value categories, such as art over $20,000, trigger additional review requirements, so the appraisal must match the specific form and threshold involved.