Image: Tiffany Studios Wisteria Table Lamp, from: Sotheby’s December 18, 2013, lot 330.
We all have heard of the story of a painting purchased at a tag sale for less than the cost of a ham and cheese sandwich and then the buyer turns around and sells it at auction for the equivalent of a college tuition.
Although this story is not very common, it is important to understand the value of any item in the right marketplace. Whether you want to know an item’s value to sell, for insurance coverage, an estate valuation, charitable donation, or just to satisfy your curiosity, it is worth spending some time and money for peace of mind. Here is what you need to know :