AW says: This is a late 1800s Victorian Camel Back Sofa. It appears to be in excellent condition. It has cabriole legs, tufted fabric and most likely a walnut wood frame.
The innards would have been stuffed with horsehair, supported by coil springs.
As with all appraisals this one was conducted from several factors including good comparisons. Knowing what exactly an item is, is half the battle. Since I already knew what it was, gleaning price data was easy.
But the method of selling you sofa is just as important as an appraisal. There are a lot of variables, but in general, the faster you need to sell an item, the less you will receive for it.
Hi. My name is Scott Benedict and I just paid for a one-time appraisal. Thank you.
Here is the info, and you will see the attached pics.
The jewelry business known as “Benedict Brothers” was started in 1839 by Samuel W. Benedict. The firm was located on the corner of Wall Street in lower Manhattan. Known through the years for its’ fine gold watches and diamonds, the firm’s clocks had the reputation as the official time piece of the City of New York. Ship’s clocks with the motto “Benedict’s Time” were on all the Staten Island ferries until the late 1920s.
Following the death of the founder, his son, Read Benedict, became the president. In the late 1800’s a jeweler friend (name unknown) presented, in an act of appreciation, this bottle consisting of approximately 2,000 precious and semi-precious stones. It has been in the Benedict family for more than 100 years.
Read Benedict passed this unique one-of-a-kind antique to his son, Charles P. Benedict.
A full appraisal was completed in 1983. The determined replacement value of the Gems (excluding the bottle) was noted at $12,000.00
AW says: That is an amazing piece from the American Victorian era. I’ve sold several of similar bottles in my days as picker and they always did surprisingly well. When we look at the appraisal in question there are a couple of things to consider: First, is that it is a replacement value for the cost of the individual Gemstones, should you have to replace them. That is accurate in one sense, and I’ll give my appraised value for that following my further explanation here.
Next to consider, is what you could expect to pay for such a bottle in a reasonable auction marketplace. This can be a wild-card, but 9 times out of 10 it will be much lower than a replacement value.
Generally speaking, “replacement value” is the highest type of value in any appraisal, because it surmises paying top dollar on demand to replace something.
Then there is the inflation factor, and the fact that in the collecting world 1983 dollars were not far from the value of 2014 dollars. (They spiked quite a bit for a while, then crashed when the recession hit, and are just starting to see improvement, in some, but not all cases. )
My appraisal assumes that the 1983 assessment of gems on the bottle is legitimate, and it certainly appears so. Also the provenance that is attached has value if documentation should check out, and again, it would appear that it would.
I have enclosed pictures of a 5 piece parlor set that has been in our family since at least about 1920 but it may be older. I came from central California. I believe it is made of California oak but this is just an assumption. It has been reupholstered. I am not interested in selling it but may donate it to a historic home. That is why I am curious about the set’s worth.
AW says: Hey there Fred! Whether or not this is California Oak is tough to say, but I believe that’s irrelevant to the price. This is a turn of the 20th century golden oak set, and what I really like about it is that the set if finished with acorn finials atop the support posts.
It has applied carvings on the back, and of course, it’s been re-upholstered.