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Showing posts from April, 2014

How much is it worth? A helpful guide to 'values'

A question often asked is ' How much is this item worth? ' or ' What value would you put on this piece?'  Indeed the climaxes on Antiques Roadshow are when values are announced, either elating the owner with a high valuer or disappointing others with a low one.  The hard thing when it comes to valuing an item is there is actually a number of values a single item can have.  Here is a list of some different types of values, from lowest to highest: Wholesale - This is the price a dealer would pay.  This value has to include room for a decent mark-up for the dealer, often 100% (this covers other overheads as well as some profit) Auction - Auctions are where the dealers and customers meet, often cheaper than retail, there is always the exception when two bidders decide they both want an item! Retail - often at least triple the wholesale price, this is because only does a dealer need to make a living, they also need to pay for other costs such as utilities, insurance,