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Do you know the treasures hidden in your loft?

Submitted by Dean on 7 March, 2021 - 11:55 with 0 comment

Do you know the treasures hidden in your loft?

Only recently, the son of late playwright, Christopher Fry, discovered a dusty box filled with drawings thought to contain two previously unpublished works by 19th Century artist, John Constable.

Once presented to a Constable expert, these sketches were described as an exciting find, originating from Constable’s later years. The drawings were believed to have been purchased at just a few pounds each but should draw in between £5,000 and £8,000 each at auction.

Going for gold

In 2001, the owner of a Gold Leica 2 Luxus Camera decided to have the item valued. He claimed he had owned it for the past 45 years and didn’t consider it to be anything unusual. As it transpired, the camera was one of the only 4 ever made and was incredibly collectable. When it went up for auction two years later, it fetched a huge £320,000.

Descended from the Qing dynasty

Two siblings in London came across a Chinese vase when clearing out their deceased parent’s home and decided to get it valued. The pair were shocked to find out that the vase was thought to be from 1740 during the Qing dynasty and was worth millions of pounds. The vase went on to sell at auction for a mind-blowing $85 million.

Raring for retro

It’s not just antiques that fetch the big money, either. There are a number of sought-after rare and valuable video games which could be sat in many lofts across the UK. Games such as ‘Super Mario RPG’, ‘Mega Man X3’ and ‘Harvest Moon’, have been known to sell for hundreds of pounds at auctions, with rare gaming markets and conventions becoming increasingly popular in the mainstream.

That’s not all, items such as rare Pokémon cards, Polly Pockets, vintage comics, old band memorabilia and collectable toys in their original packaging can all go for huge sums with the right buyer.

This just goes to show that sometimes it can be impossible to know what treasures your storage could hold. Do you really know the value of what’s tucked away in your home?

Know your home’s true worth

Perhaps not. Sometimes, you may own an item you know has significant worth, but you haven’t had it valued in decades, if at all. If you underestimate the worth of your items with your insurance provider, should something happen, you will only be insured for the amount specified, and not for the amount it’s worth in the present day.

Alternatively, if you estimate the value too high, you could be needlessly overpaying for your cover. When conducting your valuation, be thorough and don’t overlook anything. Remember, that dusty old box you’ve dismissed could hold more value than you think.

Once you’ve determined an educated estimate of the value of your contents, you can ensure your home insurance truly covers you for the right amount.

For expert guidance and advice from our specialist advisors regarding your home insurance, including a no-obligation review, call Watkin Davies on 02920 626 226.

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Watkin Davies Insurance Consultants are one of Wales’ largest Independent Insurance Brokers, established in 1978 by Roger Watkins. Since this time we have become one of the leading Commercial and Personal Insurance Brokers in the region and the trusted insurance advisor to hundreds of Welsh and UK businesses and individuals.

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