Q:

How do you determine the value of antiques and collectibles?

A:

Quick Answer

To determine the value of antiques and collectibles, access various auction websites, hire an appraiser or contact the owner of a store specializing in collectible items. Also, consider how rare the item is, its condition and its current demand.

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Full Answer

Auction websites, particularly those of the closed auctions, provide a general insight pertaining to the antique or collectible item's value and current demand.

An antique appraiser has in-depth knowledge about the latest values and sale trends of collectible items, and can give an accurate estimation of their value. Hire an appraiser if you think that an antique item, such as one from a well-known manufacturer or artist, is of a high value. If you feel that the object may not be very valuable, contact the owner of an antique or collectible store who can offer you a fair idea of its worth based on his experience.

The rarer an antique or collectible item is, the more value it commands regardless of its condition and age. An antique piece that is in immaculate condition is worth more than one that is damaged or worn out. Hiring a professional to grade the item based on its condition further increases its value.

A collectible item that is in much demand owing to its historical significance commands a higher price than one that is less desirable, even though it may be rare and in excellent condition.

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