Do you have antiques you want or need to sell, but aren't sure how to make sure you get your money's worth? Scams are part of the world of art and antiques and anyone can be a victim.
Antique expert, Dr. Lori helps reveal what phrases and tricks scam artists use to get your valuable antiques from you for next to nothing, and you don't even know it!
Consider these tips to protect yourself and your valuables during the appraisal process and beyond.
A. The Buddy System
When you are considering the liquidation or evaluation of your personal property including art or antiques, have a buddy present. Invite a family member, neighbor, or anyone else you trust to join you as discuss the value of your objects or when considering working with a liquidation agent. Two old sayings apply here: There's safety in numbers and two heads are better than one.
B. Take your Time
Don't make a quick judgment. Gain information from various sources. Weigh your options over time. It is best to establish a plan and let time be on your side. Get an appraisal first. Make sure the appraiser doesn't get involved in the sale of your objects.
C. Keep Your Address Quiet
If you are considering selling or marketing art or antiques in a public arena like a newspaper ad, a flyer posted at your local supermarket, or online, don't publicize the actual physical address where the object is located. For instance, if you want to sell your Monet painting or autographed baseball, don't advertise that the object is located at 123 Main Street, Anytown, USA. This may be just the type of specific information that a thief can use to his advantage.
While we are all interested in learning about our family heirlooms and the current market value of art, antiques, and collectibles, there are a few things we should all remember about protecting our objects. Whether it is just curiosity, settling an estate, or hoping to turn a treasure into quick cash, common sense still reigns supreme when protecting our antiques and ourselves.