The rising value of antiques
Antique furniture and decorative arts have seen a 30% increase in value over the past decade, with Asian antiques and 18th-century European pieces particularly in demand. Meanwhile, the global fine art market has seen significant growth, with contemporary art sales rising by 12% annually. Understanding what makes an item valuable is essential for sellers looking to capitalize on these trends.
Key factors that determine value
- Age & historical significance – Items over 100 years old typically qualify as antiques, but age alone doesn’t determine value. Pieces linked to historical events or figures command higher prices.
- Materials & craftsmanship – Precious metals, hand-painted details, and artisanal techniques increase desirability.
- Condition & restoration – While well-preserved items fetch higher prices, over-restoration can reduce authenticity and value.
- Market trends & demand – Styles go in and out of fashion. Currently, mid-century modern furniture and Art Deco jewelry are hot commodities.
How to get an accurate appraisal
- Consult a professional: Certified appraisers or specialists at galleries provide detailed evaluations.
- Auction house estimates: Large houses like Aspire Auctions, often offer free preliminary assessments.
- Online databases: Sites like Aspire provide pricing history for similar items.
Selling strategies for maximum value
- Hold auctions for high-demand items: Competitive bidding often yields top dollar.
- Consign to galleries: For fine art and rare antiques, this approach attracts serious buyers.
- Leverage private sales: Direct deals with collectors can bypass commissions and maximize profit.
Warning signs of undervaluation
- Unverified provenance: Missing documentation can slash prices.
- Selling in the wrong market: Not every platform is suitable for every item—antique watches sell best through specialized dealers, while art may perform better in galleries.
- Accepting the first offer: Always compare multiple estimates before finalizing a sale.
By thoroughly assessing your collection, choosing the right selling platform, and understanding market trends, you can ensure you get the best possible return on your antiques and fine art.