Tag: appraisals

By Posted on Posted in An Antiquers Life, Articles, Where We'll Be

If you’ve been keeping up with us at Facebook, you may have noticed that we’ve been quite busy.

One highlight, hubby Derek has written for Prairie Public’s Dakota Datebook radio show – & five of his stories have been selected for the newly released book, Dakota Datebook: North Dakota Stories from Prairie Public. If you love North Dakota history, you should grab a copy!

However, our biggest & busiest news is that we’ve consolidated all our real-world shopping centers into one location: a trio of booth spaces at Fargo Antiques & Repurposed Market, aka The Farm. We still have our Etsy shops, and occasionally offer items on eBay too. But by focusing on one physical shop location in the Fargo-Moorhead area, we are best able to maintain it with fresh vintage, repurposed, collectible, and antique items thereby better serving our customer & client needs.

One of the benefits of this streamlining move, is that we will now be offering our appraisal services, live, in “Trash Or Treasure” events at The Farm.

Typically, our rate is $10 per item; but for these in-store events, the fee will only be $5 per item. Due to public interest, there will be a limit of three items per person, per event.

These verbal appraisals are rather like those seen on Antiques Roadshow in that no written paperwork will be provided and, for ethical reasons, we will not be purchasing your items. (However, if you are interested in selling your item(s), here are the details on The Farm’s free service.)

These quick little appraisals are ideal for discovering the current market value of your item(s) and may be particularly helpful in determining whether or not to keep, donate, or sell. Also, the information will assist in deciding if it makes financial sense to invest in the several hundred dollars that a more in-depth appraisal (for insurance or other contractual purposes) would cost.

We will be available for Trash Or Treasure events at The Farm – and by appointment. If the listed schedule of dates is not ideal for you, or you have more than three items, please contact us to arrange another date and time.

For futher details on, or directions to, Trash Or Treasure appraisal events at The Farm, please visit The Farm’s website &/or Facebook Page.

Thank you – and we’ll see you at The Farm!

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By Posted on Posted in Articles

buy sell antiques fargo moorheadWith all the work we do in antiques and collectibles, we are often asked about appraisals. Here’s what we know, and what we do.

First of all, it is important to note that there is no such thing as a licensed appraiser in the United States of America. Unlike real estate appraisers, antiques appraisers (also called personal property appraisers) are not regulated at either the state or Federal level. Therefore, there are no state or “U.S. certified” antiques appraisers. There are, however, various appraiser societies such as the Appraisers Association of America (AAA), American Society of Appraisers (ASA), and International Society of Appraisers (ISA) which provide certification to their accredited members. These members have paid for such training and certification and they (rightfully) expect to profit from it. However, as such an investment in certification may not be a financially viable option for professionals in smaller towns, rural areas, and other less populated areas, you may not have access to such an appraiser locally.

If you’re looking to sell an item yourself, or are just curious about the value of something, we recommend reading this article (by moi) and/or paying for a service like PriceMiner. If you don’t have the time, or are too overwhelmed for such condition comparisons and investigations, we offer research & appraisal services which will help you get a “snapshot” perspective of the market as it is now, and, should you have a very valuable item or collection, we can refer you to the contacts we have at Cowan’s Auctions, Heritage Auctions, and/or Ivey-Selkirk. If you are rather certain that what you have has great monetary value, these auction houses will perform “verbal” or non-official appraisals to provide estimated auction values — even if you do not consign your item with them.

It is important to note that these services are not the same as appraisals for insurance, contractual, or other official purposes. (Heck, sometimes even your local pawn shop may require an official written appraisal in order to give you a more realistic value on a piece of fine jewelry.) In these cases, you will want someone who can properly complete the necessary paperwork to satisfy the requirements of your insurance company, the Internal Revenue Service (IRS), etc. In those cases, you’ll need to pay for the professional services of an appraiser. (Yes, jewelry stores charge for these sorts of appraisals too.) If you are unsure of where to start your search for a reputable appraiser, you should know that the aforementioned auctioneers and other auction houses such as Sotheby’s will provide acceptable official written appraisals for insurance, estate, tax, or other legal purposes — for a fee. These companies may reduce the appraisal fee if you opt to use their auction services.

In the end, the type of appraisal help you need for your antique or collectible item is actually dependent upon one thing: your need of the appraisal. Are you curious? Hoping to make a few bucks? Or do you have a legal or contractual obligation for the appraisal?

Lastly, remember that the antiques and collectibles market, like any other, changes. That means appraisals, no matter who does them, ought to be performed every two to three years.

PS The photo (which you can click on to see a larger version) is of our recent display (of mostly Mid-Century Modern items) in the window space we have at Antiques On Broadway, in Fargo.

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