Appraisals


An Appraisal is an Important Investment

When you need an antique clock appraisal, it's well worth your while to search for an appraiser who comes with references and experience. For expensive as they are, appraisals can be the best investment you make when it comes to an antique clock.

Insurance and Auction Assessments

Appraisals determine the monetary value of an item at a certain time (personal value may be priceless, but that does not impress the IRS). Since there are different variables, there are different kinds of appraisals and costs may vary widely.

For appraisals we offer two valuations: one for insurance and one for probate. The insurance valuation covers how much it would cost to replace if you bought it, guaranteed, from a reputable antique or clock dealer. The probate covers what you might get if you sold it at an auction. The two can vary wildly, and could have a difference of up to $2,200.

Appraisal Pricing Expectations

When you commission an appraisal, you are paying for the appraiser's knowledge, experience at the going rate. Appraisals are not cheap, and you cannot get a good appraisal for free. The Clock Gallery charges $275.00 (per clock) for a full antique appraisal that will stand up to the IRS or in court.


Factors That Impact Price

It's difficult to know how long an appraisal will take as so many variables affect how long it will take our researcher to produce an accurate value. Every time piece is different so an appraisal can easily begin at three hours and go up to a week or longer. Here are some tips to help you plan for your appraisal so that it goes as smoothly and quickly as possible.

We Recommend:

  • Decide what you want appraised and make it easy for the appraiser to look at it closely.
  • Know why you are having your property appraised. We are here to provide you with the value you need for specific purposes like insurance, donation, resale, or equitable distribution.
  • Gather all the paperwork, like receipts and letters, relating to the property you are having appraised. All items will help the appraiser develop a value quicker and easier.

Reasons for Appraisals

Families throughout Anchorage, Eagle River, Wasilla, and Palmer choose The Clock Gallery for their antique and modern clock appraisals because we're dedicated professionals. There are situations where an appraisal is desired or even required in order to establish the value of one or more items. The most important reasons include the following:

Establish Fair Market Value

A fair market value (FMV) appraisal determines what an item is worth when a willing buyer and seller agree to the sale in a reasonable time. A retail replacement value figures that current cost of replacing an item. While an etched glass vase from the Iowa State Fair might cost $200 to replace in Mount Pleasant, Iowa, $50 could be the going rate in New York City. A liquidation appraisal establishes the value of the items if you had to sell them immediately, as with a divorce or bankruptcy.

Meet a Legal Requirement

There are times that appraisals are required by law or insurance companies. For example, the IRS requires a written formal appraisal when you donate an item worth more than $5,000. Your insurance company may request an appraisal when you want extra coverage, or a rider, for your salt and pepper shaker collection. During a divorce, you may need to establish the value of those antique paintings for the settlement.


What You Are Paying For

When you order a full appraisal, you will receive a detailed report that includes the reason for the appraisal, the methods, and the reasoning used to determine the value of the items. We follow the Uniform Standards of Professional Appraisal Practice (USPAP).


What is contained in the Appraisal Report? For a sample preview - Click Here