I must get asked numerous times every day the question, What is my clock worth ? Well to answer this it depends on a variety of factors before even looking at the clock in question. It depends on whether you want a replacement or insurance value. You may want to know what I will get for my clock in an ‘as is’, unrestored condition. These values will be significantly different.
Insurance, As Is or replacement Value?
For an insurance valuation. It will be a value of what you would need to spend if you had to replace the clock with a similar example from a dealer. Clearly buying an antique clock from a dealer like ourselves is completely different than buying a clock from an auction. Reputable dealers give guarantees to the clock condition, it will have been examined, cleaned, restored and put into showroom condition. The clock will be in good working order and it will come with a guarantee.
Huge Difference in Values
Dealers will sometimes deliver and setup the clocks in your home. None of these guarantees or working order or showroom condition factors come with clocks sold in auction or most times on ebay. On average it takes 3-5 days to restore a grandfather clock movement. 5-10 days to restore a cabinet. When you add up this restoration, you will realise clocks in auction are not necessarily that cheap. They are not restored but also they are not guaranteed genuine most of the time.
Buyer Beware at Auctions
It is buyer beware for buying at auction. Normally the conditions in the backs of the catalogues give the auctioneer a massive get out clause. Reputable dealer does not have this. So expect a valuation for insurance to be several times the rate of a simple buy it now valuation. Also it is good to remember auctioneer valuations does not mean you will get that for the item. You will have to take into account auctioneer fees for selling. These can mount up. You could receive 1/3 or even less than what the buyer paid for the goods. You may also have to wait several weeks for your money.
It may be the case your antique clock is a family heirloom and the value of it is not really the issue. You may be dividing your family estate out and need to know a rough price for the estate. You may want to more about the clock and any information on the maker that is available. I will endeavour to help you with any research on your clocks value and information. Contact me directly at Pendulum of Mayfair Ltd. Please send reduced sized images and do not expect a formal valuation. I will try and do this for free of charge for you. My love is for antique clocks and I will go out of my way to help individuals as much as I can. Clearly these valuations I will carry out for you are only to give you an idea. You may need formal valuations, these are chargeable however.
When I undertake valuations, yes I will need to know the type of valuation you require. Valuations as described above these can differ greatly. There are lots of criteria when performing a valuation of a clock. The most important factor for me is the clock is genuine and in good but honest condition. Value would be significantly reduced if the dial is not original to the movement or the movement is not original to the cabinet. Some clocks have led a very chequered life.
Either damp homes or central heated homes have sometimes meant clock cases have been ruined. These will then be furnishing clocks but not have as great an ‘as is’ value. Clearly some times important makers add to the value of the clock, but on valuing you must be sure the clock maker is genuine to the clock.
As you can see the valuation is not an easy one but if you want to contact me now, if you have always wondered about your clock, feel free to do so.