What's it Worth? Appraisal for Spanish Leather Sofa

Luisa asks:

Hi!

Here is the piece of furniture that I need you to appraise.

It is a sofa from 1958 Colonial Spanish Style, made of solid mahogany wood and leather with copper buttons. It is in excellent condition.
Here are the pictures.

Thanks,

Luisa

AW says: That's a great settee, or sofa. I've had similar matching chairs which I've sold with mixed results. The challenge to selling something like this, or any living room piece of furniture for that matter, is that you need a collector who's taste this fits.

I can tell you this, that piece is extremely well constructed and very rugged. It should last many more years. It is something you want to target the retail market for if at all possible. This of course means waiting until the right buyer comes along.

Date range: 1958

Retail value: $1,575
(top price)

Wholesale value: $450
(The mid range price you could expect to achieve at a well advertised live auction. The price that is most often realized)


Quick sale value: $375
The price your likely to get if you have to sell your item immediately and your prospective customer is aware of this.

Common terminology, nicknames, keywords: Spanish Colonial, leather sofa, mission style, divan sette, copper tacks, hard leather seats

Care and storage tips: I would treat the leather on occasion with saddle soap, and only do the wood with Old English Scratch cover if needed. Be careful not to spill the scratch cover on the leather, it will stain.