Early American Furniture, Decorative Arts,
& Fine Art Consultation and Commentary

Assessments & Appraisals


We have provided expert valuation of American furniture, decorative arts, and fine art for over 27 years.

Assessments

Not all prospective clients necessarily know what they have. Maybe you own an individual item that you just discovered in the attic of your newly purchased home, or perhaps you inherited a sizable collection from a spinster aunt 20 years ago. We will be more than happy to give our opinion as to whether or not an item is worth appraising. You can use our email below to send us a brief description, dimensions if pertinent, and up to four images. We will not provide values for items we feel do not warrant your expense and our time. However, if your item appears to be of significance, and you want to move forward, we will discuss the different appraisal options that best suit your needs.

Estate Appraisals

A Fair Market Value appraisal is for estate, donation, or equitable distribution purposes. FMV should not be used for insurance purposes. The value of an item may be based on three factors: the cost of reproducing it, the potential income of an item, and the market costs of like items. This appraisal's value is determined by using the market comparison approach to valuation. Fair Market Value reflects the price at which a property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell, and both having reasonable knowledge of relevant facts.

Insurance Appraisals

Comprehensive Replacement Value-Comparable appraisals are for insurance coverage, ensuring your collection is properly valued and protected. An RVC estimate reflects the cost of replacing a property with another of similar age, quality, origin, appearance, and condition within a reasonable length of time and in an appropriate and relevant market. The value of an item may be based on three factors: the cost of reproducing it, the potential income of an item, and the market costs of like items. This value is determined by using the market comparison approach to valuation. In some cases the most relevant market might be the retail level while in others, especially in the case of a rare and/or especially high quality item, the primary auction market is where an item might be most readily replaced. RVC appraisals should not be used for estate or other tax purposes.

The Appraisal Process

A typical appraisal would involve an initial site visit where we inspect, survey, and take a digital image of each subject property. We then return to the office where the actual document is composed. Items are researched, comparables considered, and values assigned. The use of comparables is inherent to the process of evaluating even the lowest valued item. We standardly include a cross sample of comparables published in the appraisal itself, especially for rarer and/or higher value items. A hard copy will be provided along with a digital PDF of the final document, as well as a spreadsheet of the total inventory along with FMV or RVC amounts. Naylor Antiques does not generally undertake "full home contents" or "complete estate inventory" appraisals, unless either consists of a larger proportion of higher quality items.

We have conducted appraisals for numerous individuals, museums, businesses, and government agencies. Some past institutional clients include The Maryland Center for History and Culture, the Baltimore Museum of Art, Homewood Museum, the Star Spangled Banner Flag House, Hammond-Harwood House, First & Franklin Presbyterian Church (Baltimore), the Howard County Historical Society, Morgan State University, Towson University, the University of Maryland at College Park, the Talbot Historical Society, Saint Mary's Seminary and University, Catholic University, Historic Waverly Mansion, Hampton National Historic Site, and the Maryland State Archives. Complete inventory appraisals have been completed for Mount Clare Museum House, the Mother Seton House, and the Archdiocese of Maryland.

Essays & Observations


The following entries, gleaned over the past thirty-some years, reflect Tim Naylor's personal research, observations, and commentaries. Most of his scholarship is indebted to the work of others, as is much of theirs. Innovators and their publications are credited when possible, but virtually all sources can be found on the internet in one form or another. Some musings might appeal to the novice, while others will be of interest only to the most diehard of Maryland furniture cognoscenti. Please peruse at your own peril!

Skyfield, circa 1924 Skyfield, circa 2000

Our Story


Tim Naylor graduated from Middlebury College with a B.A. in Pre-Architecture. In 1991, he received his MFA from the Maryland Institute College of Art, graduating from the Rinehart School of Sculpture with both the Rinehart Award and The Amalie Rothschild Prize. Tim is a 1998 graduate of The Appraisal Studies Institute at George Washington University in conjunction with The American Society of Appraisers. He has been certified in the Uniform Standards of Appraisal Practice (USPAP) by the ASA.

Libby received her B.A. in Art History from Middlebury College in Middlebury, Vermont. After working as a retirement account specialist at T. Rowe Price for several years, Libby worked for Opfer Auctioneering and then the Maryland Historical Society before starting Naylor Antiques.

Founded in 1994, Naylor Antiques began as a retail shop on Baltimore's historic Antique Row. With the advent of the internet, we converted to an online shop out of our home by the early 2000s. Subsequently, as internet auctions had already begun to supersede the need for dealers, the final death knell was the almost 40% in combined commissions now imposed by auction houses from seller and buyer. As such, we have now become full time appraisers. Research is our passion, relishing the challenge of investigating, authenticating, and evaluating each and every subject property.

Tim and Libby live in a 125 year old family home in Maryland's Green Spring Valley, a setting that has long served as the backdrop for their passionately composed collection of primarily Maryland furniture, decorative arts, and fine art.

Contact


Whether you need a formal appraisal or simply have a question about a piece, we welcome your inquiry.

Naylor Antiques

Telephone

(410) 484-0133

Location

Stevenson, Maryland