How to value collectables
Start by checking your item’s market price using a collectables handbook. Or check online using: www.millersonline.com" target="_blank">www.millersonline.com and www.WorthPoint.co.uk.
Judith Miller of Miller’s Antiques has devised the ‘P.L.A.C.A.R.D’ test to help you assess an object’s worth:
- P is for Provenance - Especially important for rock, pop, royal and sporting memorabilia. An inscribed copy of Tim Graham’s Diana Princess of Wales with a photograph of the seller meeting the Princess sold for £320. Without this, the book is worth 10p.
- L is for Location - If you want to sell an item linked to a town, sell it there. Scottish silver gets better prices in Edinburgh.
- A is for Age - Significant when combined with rarity or desirability.
- C is for Condition - This can have a dramatic effect on value.
- A is for Attractiveness - An object that is considered beautiful will attract more buyers.
- R is for Rarity - Collectors often want what others don’t have!
- D is for Desirability - An object can satisfy all the other criteria but if no one wants it, it will be worth little.
Five ways to cash-in your collectables
1. An auction house will sell your item for a 10-15 per cent fee, plus VAT, and you’ll be paid 28 days later. This can be the best way to achieve the optimum price. Auction houses list sales on www.the-saleroom.com or www.invaluable.com
2. A specialist dealer may offer you only around half the value they will sell the item for, but you will be paid immediately. Otherwise, they may sell it for you minus a commission.
3. If your items are worth less than £50 each, get a pitch at a car boot sale. If your items are expensive, book a stand at a collectables fair.
4. Auction websites, such as eBay, will charge a fee for items sold. Describe your item clearly, list any damage and include photos.
5. Most newspapers take classified ads. Describe your object well and remember that strangers will have to come to your home to view it.