How to Determine the Value of Antique Clocks
Many factors contribute to the value of an antique clock. Some of these factors are subjective, and based on personal opinion; but most are objective and quantitative. Hopefully, the careful collector has taken heed of objective factors as the most important measure of an antique clock’s value. It should be noted, however, that even with quantitative measures as a basis of value, prices could vary widely for the same piece depending on where and how it is marketed to the public.
When valuing a fine antique clock for insurance purposes, the insurance company will usually base the appraisal on the cost of replacing the clock with a similar one from a well-known antique dealer. However, if sold at auction, the same piece may bring up to 50% less than a dealer’s retail price. This is because buyers at an auction expect to find bargains, and will often be set against paying retail value for an item.
Of course another factor that greatly influences the value of an antique clock is condition. An antique Seth Thomas or Ingraham clock in excellent condition will bring a much higher price than one in average or poor condition. To determine if a clock could be classified in the ‘excellent condition’ category, one must pay attention to many details. For example, a clock in excellent condition will be unaltered and will not have undergone restoration. It must be in its original state with the original case finish. Anything less, it could be considered at above average or even poor condition. This will cause the piece to be priced at a much lower level. Other indicators of excellent condition are presence of the original glass crystal and intact decorative elements.
Identifying marks that tie the clock to a renowned clock maker or manufacturer of high regard will also increase the value of the piece. For example, the 8-point star present on Junghans clocks could be an indicator of authenticity, if genuine.
More subjective elements that influence the value of an antique clock would be style, desirability, and sentimentality. A collector that has an emotional link to the timepiece may not be willing to part with it for the historical market price.
Furthermore, geographical details may also impact a clock’s value. Early American clocks that were first manufactured in the northeast may bring a higher price in their region of origin than they would in the southwest United States. Likewise, German or English clocks may sell better in their country or region of origin as well.
If the seller or collector is able to offer a guarantee of authenticity or condition, this could peak the interest of cautious buyers who would otherwise not consider the opportunity. When unsure of how to value an antique clock, it would behoove the collector to hire a professional appraiser.
An antique clock is a rare and exquisite piece of functional art. While quantitative value is affected by many factors, the owner determines the true value.
