How To Get An Appraisal On Antique Furniture

Antique furniture is a valuable asset, both financially and sentimentally. Whether you're considering selling an heirloom or determining its worth for insurance purposes, getting an appraisal is essential. An appraisal provides an unbiased assessment of the furniture's value and can help ensure you get a fair price or adequate coverage.

Here are some essential aspects to consider when getting an appraisal on antique furniture:

1. Determine the Purpose of the Appraisal

The purpose of the appraisal will determine the type of appraisal you need. If you're selling the furniture, you'll need an "appraisal for market value." This type of appraisal estimates the furniture's fair market value, which is the price it would likely sell for in the current market.

2. Find a Qualified Appraiser

It's crucial to choose a qualified appraiser who specializes in antique furniture. Look for an appraiser with experience in appraising similar pieces and who is familiar with the current market trends. You can ask for recommendations from antique dealers, auction houses, or museums.

3. Prepare the Furniture

Before the appraisal, clean the furniture and make any necessary repairs. This will help the appraiser assess its condition accurately. Gather any documentation you have, such as receipts, invoices, or previous appraisals, as they may provide valuable information.

4. Understand the Appraisal Process

The appraiser will thoroughly examine the furniture, noting its style, construction, age, condition, and provenance. They may also conduct research to determine its rarity and significance. The appraiser will then write a detailed report that includes their findings and the estimated value of the furniture.

5. Review the Appraisal Report

Once the appraisal is complete, review the report carefully. Ensure the information is accurate and that you understand the appraiser's reasoning. If you have any questions or concerns, don't hesitate to ask the appraiser for clarification.

6. Use the Appraisal Appropriately

The appraisal can be used for various purposes, such as selling the furniture, obtaining insurance, or dividing an estate. Keep the appraisal in a safe place and make copies as needed. Update the appraisal periodically to reflect changes in the market or if the furniture's condition changes.