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How much is my piece
worth?
This is a good question and is often
asked. The value of your piece of porcelain can have both
senitmental and monetary
value. The sentimental value is a tough one
to determine, so sorry but you will need to
establish that by yourself. In regards to monetary value, we can provide
you with some information that may be helpful.
Indentification
The
first thing you will need to do is to identify
what you actually have in your possesion. If you are the
orginal owner, hopefully you kept the purchase information.
This includes: date of purchase, manufacturer,
artist, and information relative to the specific line or family
of the porcelain piece. A large majority of porcelain
pieces also have marking on the porcelain to identify specific manufacturer and related
information. The following pictures show some porcelain markings
Research
If you are not able to clearly identify your
porcelain piece, you will need to do some research to find out what
you actually have. If you know what you have (manufacturer,
date, line, etc.) you can then start to determine an
approximate value. If possible, it would be helpful to
determine
the quantity of pieces that were made, how many still
exist, have any been sold at auction, etc. As
much as possible obtain written and/or printed documentation of what you find
which provides a paper trail of your findings.
Appraisal
There are numerous organizations that can
perform an appraisal for you. A cost associated
with an appraisal may or may not be incured. Typically
paying for an appraisal can result in a certified appraisal which
you can use for insurance purposes. That is insuring your
piece in case of theft. You should contact your insurance
company to determine what is acceptable to them. In addition,
a paid appraisal has the potential of being more representative of
the actual value of your piece, especially if you are firm with
the appraiser that you DO NOT plan to sell your piece. If
you consider or let the appraiser know you are thinking about
selling your porcelain piece, you have the potential of
tanting the appaised value with the anticipation of the
appraiser purchasing your piece at
a good price. Keep in mind organizations that
buy and then resell items (antique stores, consignments, etc.) typically
purchase items at 50% of their true value. There are some exceptions
to this approach, but you should understand this.
To establish some type of value for your
porcelain piece, you can establish value
by comparison. That is do on-line research and
more importantly view prices at brick and mortor stores
and establishments. You can also review and/or attend auctions and estate sales that have
the same or similar items that you have.
True Value
The internet provides many resources to find
a valid price for your piece. One of the best, easiest and
most widely populated website for finding the true value of your
porcelain piece is EBAY. To determine a value of your
porcelain piece using EBAY, you can perform an advanced search and
look for transactions that have successfully been sold ("Completed
Listings" in EBAY terms). Here is a link to perform an
advanced search using EBAY. Another method
of establishing true value, is to visit brick and mortar stores
(i.e., antique store, etc.) and offer to sell you item. Most
likely the store owner will ask you what you want for your
piece. So be prepared and make sure you have done your
homework. You should have at least an estimated high price for
you item. Start with that high price. Now it is
important to be strong, because what will follow is the negotiation
process. The store owner will rarely just say OK I'll
buy it at that price. Unless the store owner plans to
keep the item for themselves, they will re-sell it. As
mentioned above, typically they are looking at a 50% markup. As
you go through the negotiation process, eventually you will arrive
at a price the store owner will be willing to pay. This will
then establish your wholesale price for your item. That is a
store owner will be willing to pay that price and they will in then
turn around and resell it. Keep in mind, you DO NOT have to
sell your piece. You could use this approach to
establish value. If you take the wholesale price and
approximately double it, that will be the consumer price - or price
you could anticipate get from an individual purchaser.
On-Line Appraisals
The following websites provide on-line
appraisals. For your particular porcelain piece, please review
their credentials to make sure they will be able to provide you with
a good appraisal. It is recommended that
you compliment any value
based assement with various sources to assure you
have a representative value for your piece. If you
are pursuing an appraisal for insurance purposes, please confirm with you insurance
company if the avenue you pursue is acceptable.
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