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<p>[QUOTE="scoutshouse, post: 426664, member: 267"][USER=9062]@Daniel Wilson[/USER]</p><p><br /></p><p>The final values on pier mirrors appear to have gone down a lot...</p><p><br /></p><p>A receipt showing when they paid $30k might give more facts about its origin (but that doesn't necessarily mean it'll sell for that today) .</p><p><br /></p><p>Hopefully, they had a professional appraisal done calculating replacement cost. That would be on the high (retail) end as there would be no need to negotiate - the insurance company has to cut a check for that amount.</p><p><br /></p><p>When was it done - appraisals should be recalculated every two to three years to keep up with market fluctuations.</p><p><br /></p><p>Where was it done - regional values differ.</p><p><br /></p><p>All that said, appraisals don't give resale values. I'd cut an up-to-date appraisal value in half, to start with.</p><p><br /></p><p>Then start deducting auction house fees and expenses from that.</p><p><br /></p><p>It's a great mirror, but you need to find out as much as you can about it.</p><p><br /></p><p>Other factors, like bases and pairs can make a big difference in price.of course, condition is king.[/QUOTE]</p><p><br /></p>
[QUOTE="scoutshouse, post: 426664, member: 267"][USER=9062]@Daniel Wilson[/USER] The final values on pier mirrors appear to have gone down a lot... A receipt showing when they paid $30k might give more facts about its origin (but that doesn't necessarily mean it'll sell for that today) . Hopefully, they had a professional appraisal done calculating replacement cost. That would be on the high (retail) end as there would be no need to negotiate - the insurance company has to cut a check for that amount. When was it done - appraisals should be recalculated every two to three years to keep up with market fluctuations. Where was it done - regional values differ. All that said, appraisals don't give resale values. I'd cut an up-to-date appraisal value in half, to start with. Then start deducting auction house fees and expenses from that. It's a great mirror, but you need to find out as much as you can about it. Other factors, like bases and pairs can make a big difference in price.of course, condition is king.[/QUOTE]
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