WorthPoint has announced that it has just added more than 18 million pieces of art, antiques and collectibles sales results to its Worthopedia™ database, bringing the total to more than 221 million, along with more than a billion photographs.
The new sales data—18,230,735 individual sales records collected during the first quarter of 2014, to be exact—is aggregated from WorthPoint’s data partners.
“Having the most up-to-date information about prices at your fingertips helps assure that you will not make mistakes on pricing or on purchases,” said Will Seippel, the founder and CEO of WorthPoint. “Information about realized price for an item sold three or four years ago is helpful to an item’s trending value, but it doesn’t tell you the value reflected in recent market trends.”
Data in the Worthopedia is not only being used by hobbyists and collectors, but by professional antiques dealers, estate sales operators and appraisers, as well as semiprofessionals that are operating shops on eBay and Esty.
“The Internet allows a seller with a unique item to locate the one person in the world who wants to buy that item. With WorthPoint, when that sale is transacted, its sales data will reside in our Worthopedia to help the next buyer and seller decide on the correct value with another one of those item comes to market,” Seippel said.
A breakdown of the new sales data shows that 21 percent of the data comes in the Dolls, Toys, Games & Puzzles category—some 1.8 million individual sales records—followed by Sports (759,000; 9 percent), Coins & Currency (590,000 entries; 6.9 percent), Entertainment (425,000; 5 percent), Militaria & Weapons (335,000; 4 percent) and Furniture & Furnishings (320,000; 3.8 percent). There are 23 master categories in the Worthopedia.
WorthPoint, founded in 2007, has become one of the world’s leading resources for researching and valuing art, antiques and collectibles. In addition to the Worthopedia, WorthPoint offers its subscribers access to its Marks and Library database, a detailed collection of makers’ marks and other identifying codes and symbols, as well as a digital library of reference books, price guides and other volumes on antiques and collectibles origins and histories.
Gregory Watkins is the editor of WorthPoint.com You can email him at email@example.com
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