Recently I have had more and more requests on how to do a self-appraisal of a grandfather clock. To remove some of the mystique, I have included in this article some of the questions that an appraiser will cover. This will not provide you an accurate price but should help with a ball park figure.
What is the general condition of the grandfather clock?
One of the reasons for using an appraiser is they are paid to be unbiased, honest and fair. This is not saying you can?t be, but it is sometimes hard to part with an old friend and there is likely to be sentiment attached. If you cannot be detached and look at it like a potential buyer then you must get an independent appraisal. Having said that, let?s start by looking at the overall condition of the grandfather clock in question.
To simplify the process I have included twenty questions that you will rate from zero to five. Zero is bad or needs repair and five is great or near factory fresh. Now be reasonable and sincere; it is important that you don?t overrate the grandfather clock evaluation but at the same time don?t underrate the value either. This is where an appraiser has an advantage: they have seen many grandfather clocks and have an internal gauge, if you will ? something to compare an evaluation against. Let?s get started. Either download the ?Eval.pdf? on my website or you can use a notepad.
Doing a grandfather clock evaluation.
1. Is the grandfather clock functional (running)?
2. Is the clock keeping accurate time over a twenty-four hour period? (Five is perfect time)
3. Are the chimes or bell working and on time? (5 ? yes otherwise 0)
4. If the clock has a moon phase dial and it works give yourself a five, otherwise a zero.
5. Rate the look of the weights (bright and clean) from zero to five.
6. Rate the appearance of the clock face. Does it look clean and well cared for? Zero to five.
7. Does the pendulum look bright and clean?
8. Does the pendulum swing smoothly and without bumps?
9. Rate the grandfather clock hands (original, straight and bright) from zero to five.
10. If the correct hands are installed for the second, minute and hour hand, five, else a zero.
11. If the clock movement was rebuilt in the last year give yourself a five otherwise a zero.
12. Has the grandfather clock been oiled every year you have owned it (0-never, 1-once, 2-twice, 3-every other year, 4-every year, 5-every six months)
13. If the glass is present and undamaged (discoloration and bubbles are ok) give yourself a five otherwise a zero.
14. Is this the original glass (if older than 100 years it should have a discoloration and possible bubbles)?
15. Are all parts present (keys, exterior parts (wood or metal))?
16. Does the cabinet look good and well maintained (light discoloration is ok)?
17. Rate the cabinet damage (perfect = 5).
18. Do all the doors close tightly (1=no to 5= like the factory)?
19. Is the cabinet finish damaged (1=major damage to 5=none)?
20. Does it have major color variations (one side exposed to the sun for years)?
The Grand Total Is?
Add up the numbers you have collected and total it. The total you get is will only be used by you to help you reach a value for the grandfather clock; pristine, excellent, good, fair, etc. If the grandfather clock is older than 100 years it is likely to have some wear, dings, and repairs. All of this is OK and can add to the depth and character of the grandfather clock. The character of the clock is important and unless you are selling this to a museum, it does not need to be anywhere near pristine.
OK – now we have a gauge, although not complete. Next you will need to know the time period the clock was built. This may require some research, but I will give you some resources a little later on. We will now need to find out what your clock last sold for or one that is very close in style, movement used and the time it was originally produced.
What did the grandfather clock last sell for?
With all this information at hand, buy a three day subscription at Antique Clock Price Guide (dot) com where you can look up your grandfather clock. This site has a list of the selling prices of most grandfather clocks, the value (most often based on an appraiser) and the place it was last sold. Now look up your clock and find the selling price and note the condition; pristine, excellent, good, fair, etc. Now looking at your evaluation, you can increase the selling price if your clock is in better condition than the last one sold. You can also decrease the price if the one sold was of a greater value.
I will add that if you feel that you may have buffered the price in your favor a little too much then knock off 10% before listing it.
Some final thoughts.
It is important to note that if the grandfather clock was maintained regularly this will add considerately to its value. The history of the clock will also add color and value to an otherwise ordinary clock. Always remember that a grandfather clock over 100+ years old also increases its value, even if the clock has not been well maintained, it still has value and will reflect in its selling price.
Some resources to help you:
A more detailed Evaluation guide in PDF format can be found on my website called Eval.pdf.
For last sold price check out: AntiqueClockPriceGuide.com
Michael\’s concern for your antique clock can be found at antique grandfather clocks