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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
stabilize 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
http://www.antiquestradegazette.com where you can get live
auction prices and view the many current catalogues online.
Also take a look at http://www.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.
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Barry Share is the proprietor of Riversdale Clocks.
http://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.riversdaleclocks.com/casemaking/
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Barry Share.
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