Q: What is the Market Value of an antique?

09/06/2005

Answer: Economics 101 tells us that value is driven by supply and demand. That rule applies directly to antiques. Fashion may affect demand and demand directly affects value.

Quality is always a factor in assessing the value of a piece. Because each antique is an original unto itself, the relative value of that piece is in direct proportion to similar items made in the same time frame.

Originality is crucial. Later embellishments, such as repainting of surfaces, added elements or even total changes in the function of a piece, can usually detract from the value of an original piece.

A qualified expert or dealer can be your best friend when accessing a market value of a piece. Markets change and so do values of antiques. Values may rise or fall. The market value of a piece is what the value of an item is today, based on current taste of what may be in fashion, availability, condition and quality compared to related items. Market value is what the market will bear on a particular day.

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