Determining Value of Antiques

Video Transcript

"So, you want to know how much your antiques are worth and you're not quite sure how to find out. I'm Blake Kennedy with Kennedy Brothers Estate Services and I'm here to help. Finding out how much a piece of antique furniture are worth is not that difficult. You can go on line if you know where to look and find out exactly what you have and then type in that item on line and see if you can't find a comparable. The tricky thing is, the location of where you are compared to the location of where that piece is on line. So the first thing you might want to do is call up a, an antique appraiser in your town. And they can evaluate and tell you what the price is in that particular area. Because a price of something in Florida where I am could be different up in the New England area so it's two different price ranges. But call up a certified appraiser and, and have them give you an evaluation of how much it's worth. And you might need fair market value, or you might need an auction value. Auction value is something that you want to get rid of right then and there. And a, a fair market value is say I want a, an appraisal done on that for insurance reasons. You want to know what it's worth so you can insure it that way. So call up an antique appraiser, not just an antique shop, because remember the antique shops are there to, they want to buy it because they want to sell it, so they're going to give you a little bit lower price than what it's really worth. Because they might give you, say it's worth two hundred dollars, they'll give you two hundred dollars, well they're trying to maybe double it up and it's worth four hundred dollars. But just call a, a certified appraiser who does not want to buy it, doesn't want to sell it for you, just wants to give you a price and where you could sell it for. I'm Blake Kennedy and I hope that helped."