Pricing of Vintage, Antique and Preowned Inventory Items

Investigate the value of the item

One always investigates the true value of an item before pricing, especially if it is unusual or unique. However, whoever is valuing should always seek a second opinion, especially if the item is different, unusual, odd, very old or unique. This goes for watches as well as jewelry, and unusual diamonds in odd shapes and colors.

Because none of us, including myself, is a universal expert, policy now dictates that every item is shown to a second, preferably MORE experienced person, before the item goes into the case.

This is done in groups of items, not individually, as that would take too much time. The reviewer would definitely look at and evaluate the price of unusual items but would also “spot check” routine items for consistency.

This second check is NOT to take the place of a full investigation into the value of odd, rare, unusual or antique items.

Salespeople as backup

Once items are in the case it is the responsibility of the salespeople to let the Inventory Department know if items are priced too high or too low, in your opinion. This is especially important if they are priced too low. (Yes, I know that this may be difficult for you to do!)

Summary

All vintage, antique and pre-owned items will get a second review after the regular pricing person has tagged them.