Antiques hold immense value for collectors and owners. Several factors come into play when establishing their worth, such as their condition, rarity, and age. To grasp the value of antiques, you should have a comprehensive understanding of these factors. Let’s explore three factors that determine an antique’s value.

Condition

The condition of an antique greatly influences its value. Objects in excellent condition generally hold higher value compared to those with damage or significant wear. However, you should expect minor damage or wear on antiques due to their age.

When collectors assess the condition of a relic, they consider its appearance, functionality, and any damage. They also evaluate factors such as cracks, chips, repairs, discoloration, and stains.

Rarity

The rarity of an antique is another factor that determines its value. Rarity refers to the frequency with which an object appears in the market or in collections. For example, a silver tea set with limited production or one that was produced for a short period is rare, therefore more valuable. The availability of similar items typically determines the rarity of an antique. Its value will likely increase as it becomes scarce.

Age

The age of an antique is often the most significant factor in its value, and the date of production can help you determine an object’s age. In general, the older a relic, the more valuable it is. As time passes, the number of rare or well-preserved antiques decreases, causing the value of those remaining to increase.

Are There Other Factors?

Other factors can indeed influence an object’s value, such as its historical significance. Antiques linked to historical events or important people, such as war artifacts, can command high prices. Furthermore, provenance impacts the value of an antique by reflecting its ownership history. The more prestigious the previous owners, the higher the value of an object because provenance adds authenticity.

When it’s time to increase your antique collection, let Nelson and Nelson be your go-to shop. We offer gorgeous pieces like our Tiffany and Co antiques. Browse online or visit our NYC shop soon! We look forward to serving you.