The second most frequently asked question about appraising is (I'll tell you about the first later on),
"How do you come up with the value of old hotel stuff?"
The answer is... the same way you come with the value of furniture, hotels, banks, real estate, theaters or industrial plants.
I (Clem) know the value because I was brought up in the auction business and developed the experience through selling all of the above and I know a little about everything else. So, the first thing you should look for in an appraiser is someone with experience and market knowledge.
Finding the value is mechanical for all tangible property. The key is to identify the important traits of an article and research the right market. If you have an appraiser networking with other professionals you only need one lead appraiser for your project. One stop shopping... You don't need one for art, one for oriental rugs, one for pottery. An experienced appraiser can rely on their knowledge for the greatest extent of a project and contact colleagues for specialty items.
More will be revealed... Keep blogging!
Do you have an appraisal gone bad?
or
How do you find a qualified appraiser?
1 comment:
Clem, great topic. I've had so many customers ask me for appraisals of hotel silver, but it's very hard. Don't you think it's more of a "collectible" and the value lies in the more rare pieces from higher end hotels. Also, who is selling it. I really don't appraise the silver because the prices vary so much from seller to seller. :) Lyn
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