How to Perform Antique Appraisals
Posted: Mar 31, 2019
What factors do you consider when carrying out an antique appraisal?
Doing an appraisal may seem an ordinary task to many individuals, especially those getting into antique rug appraisals for the first time. It may seem as simple as comparing a similar item that previously went for certain prices. But the fact is, every antique rug has its unique features that determine its market value. The following are the key factors to consider when doing an antique appraisal in Miami:
Age of the Antique Rug: When it comes to valuation of antique rugs, old is gold! The past the antique carpet, the higher its value. Mostly, antique rugs that were hand made in the 19th century get highly sought after. Therefore, any appraisal must take into consideration the age of the antique rug in question.
Condition: Antique rugs, like any other item, have wear and tear. In most cases, expensive rugs that have worn out are restored to excellent condition and then offered for sale at the original price. To determine an antique which in good condition, look for ones whose edges and borders are frayed.
Size of the Antique Rug: Majority of the antique rug collectors look for small-sized rugs which are easily portable. Therefore, consider doing an appraisal on small to middle-sized antique as these are readily available.
Quality of the Antique: To determine quality, you look at the richness of the rug’s color and clarity of the design. The more the clarity of the rug's design and richness of color, the higher the quality of the antique rug.
Knots-Per-Inch (KPI): The number of knots-per-inch is one of the critical determinants of an antique rug's value and quality. To determine the KPI of an antique carpet, roll your carpet over and mark an area which is easily accessible using a ruler. Use the ruler to measure precisely a square inch of the rug and then count how many knots both vertically and horizontally that are within the area you marked. Now multiply the numbers to get your antique rug’s KPI.
Origin of your Antique Rug: To identify and determine a rug's country of origin is not challenging. It needs an expert appraiser with experience on the different rug's symbols and motifs. Antique rugs from various countries come with unique designs and logos used in determining the country of origin. The value of the carpet different depending on those symbols and motifs. For instance, rugs with logos and designs from China might be valued high than those from France.
What are the types of Antique Rug Appraisals in Miami?
Written Appraisal: The appraisal costs at least $500 or more, depending on the seller. It comes with a written document taken as an official document which can be made use of at a law court. In a case where a legal dispute relating to an antique rug value arises, the appraiser can testify.
Verbal Estimation Appraisal: These usually cost you around $100 or less. In this case, the appraiser will do informal research on similar rugs and determine the value from them without any written documentation.
To perform a complete and accurate appraisal of an antique rug, you need to consider key factors such as the quality, origin of the carpet, size, age as well as knots per inch. Therefore if you are looking to purchase a rug, be sure to consider those factors.
With extensive research and study, Simon passionately creates blogs on divergent topics. His writings are unique and utterly grasping owing to his dedication in researching for distinctive topics.