What is a good price to ask for antique dining furniture?
I have an antique (1920 +/-) Duncan Phyfe style dining room set that I want to sell. I’m having a difficult time trying to find an appraiser in my area (SE Michigan) who’s interested in giving an appraisal only. I run into mostly antique dealers that just want to offer a price so they can turn around and resell it for double. What would be a reasonable price to ask for a solid mahogony dining room set (table, 6 chairs, china cabinet, buffet) in good condition?
You answered your own question. Get antique dealers to offer what they want to pay, then advertise the items at double the amount. If the price is reasonable and someone is interested, they will buy. If you get no responses, lower the price. the antique dealers are in business to make a profit. They may have to keep the item for along time in their store. they have operating expenses to cover. so don’t begrudge them the profit they make.
The fair value of any item is determined when a buyer offers a price and the seller accepts it. For unique items such as yours, you can set any price you want, but you will get only what someone is willing to pay.
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