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Antique Pricing
08/22/14

Antique Prices:
 Treasure or trash? 10 ways to find out. 
(This is just a small excerpt from a wonderful article in CNN/Money - the full article can be found at money.cnn.com)

New York (CNN/Money) - That old vase you found in your father's attic could be a fine item for your garage sale. Maybe you could get a six or seven dollars for it. Or it could be a rare specimen worth thousands of value at an auction. 

Thanks to the popularity of programs like Public Television's "Antiques Roadshow" Americans are looking more closely than ever at stuff that, a few years ago, they might have unthinkingly taken to the local charity thrift shop or just tossed into a recycling bin never considering the price or value of an item. 

It takes an appraiser to value pricing and know whether you've got a one-in-a-million treasure or a run-of-the-mill trinket. But finding such a pro can be daunting for the uninitiated. There is no licensing for appraisers (pricing pros), so anyone can take out a Yellow Pages ad calling themselves an "appraiser." Here are some ways to track down the genuine article and avoid the fakes. 

Hire an appraiser to appraise -- nothing more.
Never, ever sell your antiques to the person who's appraising them. Only let them do the pricing and determine the value. 

Skip Internet appraisals
Appraisers agree that the Internet is generally not a good place to obtain accurate pricing and value on antique items. A good appraiser will need to see and handle a piece to determine its true value. 

Get references
Ask managers at a bank or estate attorneys -- they are a good source for finding a professional, reliable appraiser capable of performing accurate pricing.  Another option is the American Society of Appraisers, where members must pass an exam on how to value property and on ethical pricing standards. Senior members must have at least five years of experience and take four classes covering various aspects of appraising and pricing. 

Interview several candidates
Once you get some names, search for appraisers who fits your needs. 

There is much more to this article and we recommend you check it out.
 
 
 
 
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