Appraising Chinese antiques presents unique challenges, whether the item is modern or antique. Assigning a value is essential, as even modern items possess decorative value. For older items of low quality or those mass-produced, a monetary value must still be determined.
One of the primary difficulties in appraising low-value Chinese antiques is the absence of a consistent price discovery mechanism, whereas data is more readily available and consistent for Western antiques. Prices for Chinese antiques can vary significantly. For example, a Chinese vase might sell for £100 at one auction and then the exact same vase can sell for £500 a week later at a different auction. These discrepancies depend on a number of factors, but it is mainly due to lack of knowledge and wild speculation in the hope of making a huge profit. Not to mention the sheer number of good fakes confusing those taking a gamble in the hope of buying a valuable treasure.
Essentially, a low-value Chinese antique is only worth what someone is willing to pay for it. In contrast, a high-value Chinese antique will have collectors and dealers from around the world chasing the item, thus pushing the price higher.
Valuing High-Value Chinese Antiques
When it comes to high-value Chinese antiques, appraising becomes more straightforward. This is due to the availability of extensive data from past high-end auctions and realized prices, which can be cross-referenced across multiple platforms to provide an accurate average value.
Appraisal Process and Further Research
During the appraisal process, I often provide customers with links to similar sold items to give a rough idea of their item’s value, enabling a mid-range value to be assigned. However, there are instances when I encounter items requiring further research. In such cases, I advise the customer on the next steps they need to take. Dealing with potentially rare and valuable pieces necessitates caution, as an incorrect appraisal could lead to substantial financial loss for the customer and damage my professional reputation. Therefore, it is always better to err on the side of caution.
