Does refinishing antique furniture increase its appraised value?
Usually the opposite. Collectors and serious dealers pay premiums for original finish, original hardware, and period patina, so stripping, refinishing, or aggressive repairs can push a high-value period piece toward decorator-level pricing even when the work is competent. We recommend having furniture appraised in as-found condition before commissioning any restoration.
What drives the value of antique furniture?
Originality, condition, maker, and provenance. Original surfaces and hardware with minimal repairs carry the most weight, while maker’s marks or labels from recognized artisans such as Duncan Phyfe, high-quality materials, and exceptional carving or inlay elevate value further. A traceable ownership history, especially one linked to notable owners or historic properties, can move a piece into a higher tier.
Why is an insurance appraisal of antique furniture higher than the estate value?
Because they answer different questions. Insurance scheduling uses retail replacement value, the cost to replace the piece in the appropriate retail market, while estate and donation work uses fair market value, which often corresponds to auction-level pricing net of the retail markup. Assuming dealer asking prices equal fair market value for tax purposes risks overstating values and inviting scrutiny.
What sales data support an antique furniture appraisal?
Realized prices from auction archives such as Christie’s and Sotheby’s, regional auctioneers that publish results, and dealer records. Curated marketplaces like 1stDibs and Chairish provide secondary data points on current retail ranges but are not sole evidence. A defensible conclusion is built from documented completed sales, not generic internet price estimates.
How many comparable sales should back up an antique furniture value?
Professional practice typically develops five to ten comparables, each adjusted for authenticity, condition, rarity, and desirability, then reconciled into a supported value range tied to a specific market and effective date. A report that offers a single number without showing that chain of reasoning, or that mixes auction, dealer, and replacement values for the same piece, is a weak report.