How To Value Your Antique Clocks
Antique Longcase clocks like antique artwork or other
collectable items are so individual in nature that it is
almost impossible to make a fixed valuation on them. Unlike
motor vehicles there is no standard value list guide,
antique clocks hopefully go up in value, whereas motorcars
depreciate the moment you drive them off the sales room
forecourt
A price asked for and offered is determined by the personal
interest of the seller and the buyer, and also on the
market trend, but it is interesting to note that the
antique markets, like all other markets are cyclical and
are in and out of vogue.
The antique market seems to be correlated to the housing
market. When the housing market is in a boom period the
antique market is in a slump, which has been the case in
the UK for the last twelve years. People have been
investing their money into bricks and mortar and not
putting their money inside their homes.
It is inevitable that at some time the housing market will
reach a bubble, and house prices will stabilise or fall and
people will once again put their money where it will make
the most gain, into a rising market, antiques. This housing
cycle is about fifteen years in the UK so by the end of
this year 2007 or into early next year we should see
interest in the antique market increase and the value of
works of art and collectables go up.
It is interesting to note that although the antique market
has been in decline for a number of years, in the antique
furniture industry, clocks have held there own with a small
increase in value and sales are still strong. This I
believe is because we look upon a clock especially a
grandfather clock, as a working living piece, to which we
form a bond and get attached to it as it seems to have a
heart, but not so the chest of draws or tallboy.
There is also the fact that there is no capital gains tax
on clocks which makes it a great investment as clock prices
have been rising at about 10% a year which is better than
some pension plans and stocks.
You can find many publications on the value of antique
clocks but these never seem to be current and never take
into consideration regional variations, they mostly only
cover the top end of the market which are high value
pieces. One of the best places to find the current range
of prices for clocks is at your local sales and auctions,
you can go there and compare your clock like for like to
the ones being sold, remembering that variations on
movement and dials, also type and quality of case can make
a great difference in valuation.
If you don't have the time to spend at the auction most
auction houses publish a catalogue which they will mail to
you, and by consulting this you will get a guide for the
reserved price which as been placed by the seller. Many
reputable auction houses do have professional appraisers
and valuing service but this is not always free. You can
find a full list of UK and global antique and auction sales
from antiquestradegazette.com where you can get live
auction prices and view the many current catalogues online.
Also take a look at antiqueclockspriceguide.com for
comparisons.
It goes without saying stay clear of dealers actively
engaged in buying and selling antiques as I'm sure you can
understand they have only there own interests at heart.
Always use professional appraisers attached to sales rooms,
and official appraisers of local probate courts usually can
give prevailing price values.
----------------------------------------------------
Barry Share is the proprietor of Riversdale Clocks...
http://www.riversdaleclocks.com
Make your own family heirloom. Get your free copy of part#1
of the case making manual "Making A Case For A Longcase
Clock" from. http://www.casemaking.riversdaleclocks.com
collectable items are so individual in nature that it is
almost impossible to make a fixed valuation on them. Unlike
motor vehicles there is no standard value list guide,
antique clocks hopefully go up in value, whereas motorcars
depreciate the moment you drive them off the sales room
forecourt
A price asked for and offered is determined by the personal
interest of the seller and the buyer, and also on the
market trend, but it is interesting to note that the
antique markets, like all other markets are cyclical and
are in and out of vogue.
The antique market seems to be correlated to the housing
market. When the housing market is in a boom period the
antique market is in a slump, which has been the case in
the UK for the last twelve years. People have been
investing their money into bricks and mortar and not
putting their money inside their homes.
It is inevitable that at some time the housing market will
reach a bubble, and house prices will stabilise or fall and
people will once again put their money where it will make
the most gain, into a rising market, antiques. This housing
cycle is about fifteen years in the UK so by the end of
this year 2007 or into early next year we should see
interest in the antique market increase and the value of
works of art and collectables go up.
It is interesting to note that although the antique market
has been in decline for a number of years, in the antique
furniture industry, clocks have held there own with a small
increase in value and sales are still strong. This I
believe is because we look upon a clock especially a
grandfather clock, as a working living piece, to which we
form a bond and get attached to it as it seems to have a
heart, but not so the chest of draws or tallboy.
There is also the fact that there is no capital gains tax
on clocks which makes it a great investment as clock prices
have been rising at about 10% a year which is better than
some pension plans and stocks.
You can find many publications on the value of antique
clocks but these never seem to be current and never take
into consideration regional variations, they mostly only
cover the top end of the market which are high value
pieces. One of the best places to find the current range
of prices for clocks is at your local sales and auctions,
you can go there and compare your clock like for like to
the ones being sold, remembering that variations on
movement and dials, also type and quality of case can make
a great difference in valuation.
If you don't have the time to spend at the auction most
auction houses publish a catalogue which they will mail to
you, and by consulting this you will get a guide for the
reserved price which as been placed by the seller. Many
reputable auction houses do have professional appraisers
and valuing service but this is not always free. You can
find a full list of UK and global antique and auction sales
from antiquestradegazette.com where you can get live
auction prices and view the many current catalogues online.
Also take a look at antiqueclockspriceguide.com for
comparisons.
It goes without saying stay clear of dealers actively
engaged in buying and selling antiques as I'm sure you can
understand they have only there own interests at heart.
Always use professional appraisers attached to sales rooms,
and official appraisers of local probate courts usually can
give prevailing price values.
----------------------------------------------------
Barry Share is the proprietor of Riversdale Clocks...
http://www.riversdaleclocks.com
Make your own family heirloom. Get your free copy of part#1
of the case making manual "Making A Case For A Longcase
Clock" from. http://www.casemaking.riversdaleclocks.com