Online appraisers give their views about using eBay prices This article gives a variety of perspectives about utilizing eBay to help determine values of antiques and collectibles; from a number of the online appraisers affiliated with the wiw2u.com website.
This sentiment is echoed by fine art appraiser Richard Schlom who adds that “Although eBay is a viable venue to buy and sell property, with few exceptions it is a bottom feeders market.” Richard further adds “It is my experience that in the majority of instances good art sells on eBay for almost half its value. Though I have used eBay to help determine the wholesale value of certain property it is unreliable for better art.”
A Tool in the Toolchest
Just about all of the appraisers were unanimous when it came to the issue of multiple sources. Like a good journalist, a good appraiser always looks at more than one resource when coming up with a value.
Author and antiques expert Pam Wiggins notes “I don't use eBay as a pricing gauge singularly, but it does give a good indication of the market for antiques and collectibles these days.”
Cathy Sykes is quick to point out that “eBay is an effective and wonderful tool as it is a broad, very complete, compilation of all demographics. However any good appraiser knows a proper appraisal should be based on more then one comparable item - 3 or more is best.”
Terry Husk sums it up when he says “eBay prices are not a Bible and need to be taken in context and with other sources.”
I hope you have enjoyed reading the various perspectives presented by these very talented appraisers. To read more viewpoints from our experts, simply visit our News and Reviews section.