CORPORATE LOGO PANEL
TITLE PANEL

Bookmark and Share
Serving users online        
Obtaining Valuations - Obtaining A Price Guide

Valuations and Price Guides are the two biggest questions I am asked every day. I could write a book about the subject. It is very complex and it varies the world over. I have tried to cover this subject matter as briefly as possible. Buying and Selling and Valuations are a mind field of contradiction.

I will begin as I have ended…

Caveat Emptor, buyer/seller beware of the all over the above and more.

Example, before the GFC, my collection was insured for $750.000, today it is insured for only $300,000.00. A subject not covered in this very short brief.

Obtaining A Valuation

Many Noritake Customers/Collectors write wanting to know the value of their Dinner sets or individual pieces for insurance purposes.

This raises many questions and it is important for those who wish to insure their pieces or tableware settings to be aware of some of the issues involved.

If you are seeking an insurance valuation, you must contact your insurance company and ask them what they require in the event the items or item are damaged. Some insurance companies may have a Excess Clause in their Polices. This means that you have to pay the first "X" amount and they may pay the balance if they are satisfied with your claim.

Other insurance companies may not pay out on your Claim, as the item may not be covered. So you should always be sure that your insurance company you choose to insure with will pay a claim for damaged goods such as 'Noritake'.

You might need to "Specifiy" your items/item. If this is so, ask your insurance company -

  1. What they require?
  2. Where do you go in your local area? They may have a preferred Valuer in your area.
  3. Who pays the cost of the Insurance Valuation and
  4. Most importantly "HOW LONG IS THE VALUATION COVERED FOR"? (Remember some insurance companies only consider some valuations valid for 2 years, others up to 5 years.)
Another question often asked is -

Can anyone give me a valuation?

No, gently only the company that you bought the item from can, and a Licensed Valuer in most parts of the world.

Licensed Valuers are accredited to value items and this is why many insurance companies require either proof of purchase or a certificate of Valuation from a licensed valuer before they accept the item as Specific Contents.

You can do a search in your local telephone book for a licensed valuer. If one is not available in your area, ask your Insurance Company will they accept the Valuation provided by an Antique Dealer, who is registered, with your "Better Business Bureau" or "Ministry of Fair Trading" in your country.

Getting A True Valuation of your Goods

It's important that you get a "True and Accurate Appraisal" of your goods. You will need to consider

  • the cost of replacement,
  • postage,
  • handling, and
  • account keeping fees when you obtain your valuation. NOTE: You may have to ask for a specialist replacement company to find your missing piece/s. They may ask for an additional fee to assist you with your request. This will be an added cost that some valuers may not add into the actual cost of replacement, please ensure that the above are also included in your valuation.

    Also note - What an item is valued in one part of the world, remember, in another part of the world it maybe completely different for exactly the same item and pattern. You need to know what it is valued in your area for replacement.

    This will help to reflect the "True Insured Value of your Goods".

    Wanting To Sell Your Goods

    At the Noritake Collectors Guild we receive up to 20 requests a day for people wanting to sell their Noritake Dinner Settings. Also we have special request to sell Collectables.

    At this stage we do not have a Partner to deal with these requests.

    As many people want to sell unwanted settings we suggest the following places which will give them a general idea as to the current sales trends, and give them a possible expected value which they may possible obtain if they decided to realise the goods for cash.

    Online

    EBay.com, Ebay.com.au, Ebay.co.uk Ebay.ca, Trademe.co.nz, Bidbuysell.com.au and TradingPost.com.au

    Costs & Issues Involved

    Please note: Online Fees for placements of ads and end of sale fees are often applied including possible relisting fees if you choose to sell using this format. You will also be looking at Credit Card Checkout Fees, or Fees using another type of Third Party Fee, eg: PayPal.

    Upmarket Online Stores

    Rubylane.com and Tias.com

    Costs & Issues Involved

    Please note: Online Fees for placements of ads and end of sale fees are often applied including possible relisting fees if you choose to sell using this format. You will also be looking at Credit Card Checkout Fees, or Fees using another type of Third Party Fee, eg: PayPal.

    Real World

    Auction Houses, Antique Dealers, Antique Fairs, Fetes, and Weekend Sales, Garage Sales

    Costs & Issues Involved

    If you use an auction house, listing fees and end of auction fees and Taxes apply in most jurisdictions around the world. Antique dealers may charge a small fee for the sale and display of the goods for sale, so consult with them to find out these fees, should they apply in your area if you choose to sell through such a venue. Fair, Fetes generally have a fee to set up your Stall. Garage Sales are generally conducted form a persons home. No fees are involved, the draw back is that you do not generally get a good value for your goods, remember these are for quick cash sales.

    Press Ads

    Local Community Newspapers, Major News Papers and Collectables Magazines

    Costs & Issues Involved

    The cost of placing the ad, and possible more costs if the item does not sell, which can be expensive over time.

    Our best suggestion is do your own homework. Make sure you will not be spending your money in Fees, Charges, Taxes, and Packaging and Handling Fees, which you must pass onto your customer. Such fees may possibly make the goods to expensive to sell. So do your sums.

    Also please consider, your item that you sell maybe damaged in the Postal System. If so, some postage services may not compensate you for the loss or damage of goods. You might find yourself out of pocket.

    Hopefully the time take to read this bit of information will help you to make your commercial decisions if you are looking at selling.

    Caveat Emptor, buyer/seller beware of the all over the above and more.

    August 2011












  • Reproduction in whole or in part in any form or medium without express written permission of K Fisher is prohibited.
    Any trademarks used are the property of their respective owners.
    Copyright © 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011 K Fisher.

    All rights reserved