When I do appraisals I work form the top down not from the bottom up because the bottom is always zero. May seem silly to some but we all know old doesn't mean valuable and condition can be as bad as just being junk. For example if a classic car is worth 100000 at the top of the mark, like a restored 57 chev convertible with a continental bumper and you have a 57 chev 4 door at the bottom at 15000 restored. Thats a pretty big range and anything in the middle of that range is going to be variable but can be narrowed down with a few simple steps. These same steps are used by any appraiser and can really be applied to anything within reason. What is the value of the options that are not there. You start with a fully loaded car and take away value from the principle by subtracting those things that should be or could be there. Break the condition down to several blocks, With cars it's about 3-4 major blocks. Find 3 completed sales (not asking prices) that represent the same configuration as best as possible. Add or subtract premiums based on original restored, original unrestored, some reproduction restored etc. Some may argue that you cant compare cars to guns but all the same rules on market, originality, condition, performance, desirability, rarity etc can be applied. I know that enfields are hotter sellers in Canadathan they are in the the states so US prices aren't the best guide here. I want to know if values are still trending up and I should keep it. Maybe I should collect the missing accessories to increase overall value. Maybe I should sell it as it is or do some improvements first. As I'm patiently waiting for photobucket to painfully load maybe someone can answer these questions.
1. What is the value of the accessories that I don't have. Paper targets, jag, etc
2. What overall trends in value have occurred in the past 2 years. increase? decrease? neutral?
3. What prices have the last few incomplete put togethers gone for in Canada in the last year?
4. Would it be reasonable to take the price I bought it for and double it as per the article then adjust based on details?
5. Would collecting the missing accessories have a positive cost benefit ratio as in if I spend $200 on them would it increase the packages value by say $300?