Appraising The Value Of Collections

Many people choose to take up the hobby of collecting either as an investment or out of passion, compelling them to acquire and meticulously preserve the items they’ve collected.  

Assessing the value of a collection and the pieces within it makes sense for both curious hobbyists and conscientious investors for a variety of reasons.  The collection may need to be itemized for tax purposes or divided between a former spouse during a divorce.  Collections would also need to be insured; insurers encourage periodic re-appraisal of items in the collection.

Collectible items can also fluctuate in value over time. Many items such as antiques and vintage vehicles growing in value over time.  Others can grow in value significantly after assessments reveal key features like rarity or associations with famous persons. A periodic appraisal can be an excellent way to track the growth of one’s investments in collectibles. 

One of the best ways to get the best value from a collectible item is to take it to a dedicated appraiser.  Because appraisers do not have any intention to purchase a collectible, they do not have the vested interest to undervalue the collection or the items in it and can deliver the best estimate of its value.  

Among the challenges of valuing a collection lay in the many actors that affect it.  Because of the varied nature of collectibles, not all appraisers can give a fair assessment to all collectibles.  Many exceptionally rare or niche items may require the attention of specialist appraisers, who would give more accurate valuation estimates.