logo
The forgotten items in your home that could be worth a small fortune

The forgotten items in your home that could be worth a small fortune

Independent19-05-2025

Unearthing hidden treasures amongst family heirlooms can be a daunting yet rewarding task. Whether clearing out the attic or handling a loved one's belongings, discovering the value of seemingly ordinary objects can be key to preserving family history.
To help navigate this process, antiques expert Caroline Hawley, of Hawleys Auctioneers and Bargain Hunt fame, offers her expertise on evaluating family heirlooms.
Many begin this journey with questions. How do you determine the true worth of an item? What steps should be taken to ensure a fair valuation? Hawley, drawing on her extensive experience in the antiques world, addresses these common queries, providing valuable insights for those looking to understand the potential significance of their inherited possessions.
From identifying key characteristics to navigating the appraisal process, here's your practical guide to uncovering the hidden stories and potential value within family treasures:
Don't dismiss any old toys that are in mint condition.
'When you are clearing out the back of the cupboard, things like old toys, games, Barbies (especially with the Barbie resurgence following the release of the movie) and Matchbox toys are all really popular,' says Hawley. 'If they're boxed and in good condition or mint condition, that's always a great thing. It makes them much more valuable if they haven't been played with. There is also a lot of interest in Pokemon cards right now.'
Plus, designer watches are always a hit.
'Watches are very, very popular at the moment,' says Hawley, 'Brands like Rolex and Breitling in particular and any of the old Omega watches, especially in gold with diamond-set vessels, can be worth phenomenal amounts of money.'
Furniture from the mid-20th century is also highly sought after. 'A lot of people don't think about selling this type of furniture because it's not strictly an antique,' says Hawley. 'It might be that your parents bought it in the 1970s, but this type of furniture is really making a comeback.'
Fashion is another area that many people tend to overlook when going through family heirlooms, she adds.
'When someone has passed away, people tend to just bundle up the clothes, but I would advise them to have a jolly good look, because certain items of vintage clothing are very hot at the moment,' recommends Hawley. 'We've sold a lot of Mary Quant recently, and it's getting phenomenal money because people want something that's sustainable, but a bit different.'
What are some key factors that determine an item's value?
As expected, condition is paramount.
'With fashion, look very carefully at the condition in case things have been altered,' advises Hawley. 'Look for where you would expect obvious signs of wear, like under the arms where there could be deodorant staining, and also look out for things like moth damage.
'Some dresses from the 1920s are absolutely phenomenally beautiful, but they're no good if the condition is poor. So condition is a key thing to look for.'
Furthermore, evidence of provenance (the place of origin or earliest known history of something) can also significantly increase the value of a family heirloom.
'We recently sold a good Rolex just short of £30,000, and the person that bought it was really pleased because of all the provenance came with it, including a picture of the original owner wearing it in the 1970s,' says Hawley. 'Also, all the service history and the original box add value, as people like to know the story of an item from its original purchase. That provenance of its journey through life into the new owner's hand makes a massive difference.'
The antiques expert added that provenance is particularly important for medals. 'Any story that you have with medals like photographs, a uniform, diaries etc helps build a picture of the recipients of the medal and that adds to the value,' says Hawley.
And lastly, some brands and designers consistently perform exceptionally well.
'Certain designers, Dior is an obvious one, are more valuable, but there are also some really cool designers from the Sixties and Seventies to look out for,' says Hawley. 'Some of the early Vivienne Westwood pieces can get an awful lot of money too.'
How do you know if an item is a fake or a copy?
'Just about anything that is worth money, people are prepared to fake,' acknowledges Hawley. 'Especially with watches and handbags, there are so many fakes.
'If you do think there's something not quite right, look at the detail because sometimes that's what's lacking on a copy or a fake. Original Hermès scarves, for example, have hand-rolled edges and on a lot of the fakes they're not hand-rolled and stitched, and the measurements are just slightly off.'
To be sure, Hawley suggests having anything you're uncertain about authenticated by a reputable auction house or a long-standing antiques dealer.
When is it worth getting a professional appraisal?
'Don't be afraid to go with anything at all,' says Hawley. 'Quite often, the thing that they think is the least valuable turns out to be the most valuable.
'People come to me every day with things that are on their way to the tip because they think they're worth nothing, and then are thrilled to find out they're worth an awful lot of money.'

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Labour urged to publish rent reforms impact report as eviction delays soar
Labour urged to publish rent reforms impact report as eviction delays soar

Telegraph

time17 minutes ago

  • Telegraph

Labour urged to publish rent reforms impact report as eviction delays soar

Ministers are being urged to publish a report into the impact of rental reforms on the courts as landlords face eight-month delays to repossess their property. Government departments are required to complete a justice impact assessment for any new bills that are likely to impact the UK courts system. Labour's Renters' Reform Bill is set to become law this summer and will include the removal of Section 21 'no-fault evictions'. There are fears the change will force landlords to rely on the courts to regain possession of their properties, adding to existing backlogs. Private landlords faced an eight-month wait from making a claim to the courts to their properties being repossessed in the first four months of 2025, according to the latest government data. Chris Norris, chief policy officer for the National Residential Landlords Association, said: 'The justice system is simply not ready for the impact of the Bill. 'In the interests of transparency, the Government should publish the Justice Impact test. The Government also needs to come clean about how it defines the courts being ready for the reforms. Warm words are no substitute for clear objectives for the justice system.' Justice impact assessments are an internal process and not usually published by government departments, but previous ministers have committed to publishing court reviews ahead of implementing rental reforms. The former Levelling Up, Housing and Communities Committee in a 2023 report said: 'It is not clear whether the Government fully appreciates the extent to which an unreformed courts system could undermine its tenancy reforms.' Furthermore, in a consultation in 2022, the then-government acknowledged that Section 21 was preferred by landlords to other means of eviction – such as Section 8 – as it was perceived as 'quicker and more certain'. Richard Atkinson, president of the Law Society, said of the Renters' Rights Bill: 'The bill will not be effective without further investment in the justice system.' Mr Atkinson also urged the Government to 'provide greater funding and more clarity to the enforcement provisions so that justice is accessible to renters and landlords alike'. In addition to concerns about the justice system, a report has warned impacts of the bill will add almost £900 a year to the average tenancy. The legislation will limit landlords to just one rent increase per year capped at the 'market rate' – the price that would be achieved if the property was newly advertised to let. Landbay said property owners were planning to increase rent by an average of 6pc, which would add £74 to the average monthly rent, or £888 a year. Dr Neil Cobbold, director at property software company Reapit UKI, said: 'The Government's decision not to share the Renters' Rights Bill justice impact test raises serious questions about transparency and accountability. The estimate of changes in the number of court and tribunal cases is a vital tool for understanding how the legislation will affect the property sector – including case volumes – and whether the justice infrastructure is in place to support the change.' The Bill is currently going through the House of Lords before being sent back to the Commons and is expected to receive Royal Assent by summer 2025 and be implemented before the end of the year.

Trump's trade tariffs 'to hit NI growth and jobs'
Trump's trade tariffs 'to hit NI growth and jobs'

BBC News

time20 minutes ago

  • BBC News

Trump's trade tariffs 'to hit NI growth and jobs'

A US tariff of 10% on UK goods could cost the Northern Ireland economy £85m and 800 jobs over the next 15 years, a Department for the Economy study has does not mean the economy will shrink in absolute terms, rather it will be smaller than it would have been if the tariffs had not been study only considers the direct effects on Northern Ireland exports rather than any secondary impact would rise to a £110m loss of potential economic output if US President Donald Trump was to impose a 20% tariff on pharmaceuticals. Pharmaceuticals is the part of the Northern Ireland economy which is most exposed to Trump tariffs as almost half of the sector's export sales go to the study suggests a 20% tariff would mean pharmaceutical sector output would be around 5% lower compared to a no tariff are effectively a tax on imported goods and are a major part of Trump's economic policy. Since re-entering office in January, he has raised tariffs on specific items such as steel, aluminium, and cars and imposed a blanket 10% levy on most goods from trading partners around the had briefly targeted some countries' exports with even higher tariff rates, only to suspend those measures for 90 days to allow for talks.A US trade court has ruled that an emergency law invoked by Trump did not give him the unilateral authority to impose the blanket 10% those tariffs are still being collected while the Trump administration appeals the administration is also conducting a national security investigation into pharmaceutical imports, a process which would provide a more solid legal basis to impose tariffs on that sector. 'A significant headwind' The study concludes that tariffs will "adversely affect local businesses and represent a significant headwind for businesses when trying to grow exports over the longer term"."It is also likely that many of the businesses impacted will be in specific geographic areas e.g. Mid Ulster and Armagh, Banbridge and Craigavon council areas," it says."This is due to the importance of the manufacturing and pharmaceutical industries to these areas, which will have implications for the regional balance agenda being taken forward by the department."

Manchester United confident of strengthening squad during transfer window
Manchester United confident of strengthening squad during transfer window

The Herald Scotland

time20 minutes ago

  • The Herald Scotland

Manchester United confident of strengthening squad during transfer window

Total operating costs were down 20.4 per cent compared to the same quarter last year, driven by a reduction in the wage bill due to United's involvement in the Europa League instead of the Champions League, plus the January loan exits of the likes of Marcus Rashford and Antony. The reduction in costs was also attributable to the redundancy programme affecting non-playing staff, which began last year. Marcus Rashford's January loan exit to Aston Villa contributed to a reduced wage bill for the quarter for Manchester United (Martin Rickett/PA) Chief executive Omar Berrada admitted the club's 15th-place finish in the Premier League this season was 'below our standards' and said there was a 'clear expectation of improvement' next season. Changes in personnel seem certain to be required to achieve that and, while United insiders say the club intend to be disciplined about any investment they make this summer in order to remain compliant with the Premier League's profitability and sustainability rules (PSR), the reduction in operating costs alongside a 17.4 per cent increase in revenue does give them room for manoeuvre in the transfer market. The club are close to completing the £62.5m signing of Matheus Cunha from Wolves once his international duty is over and are also understood have a firm interest in Brentford's Bryan Mbeumo, with contact having been initiated with the London club. United posted a pre-tax loss of just under £36m for the nine months of the accounting period to date, significantly down on the loss of £89.2m at the same stage in the prior year. The club posted a pre-tax loss of £130.7m last year, raising concerns they might struggle to comply with PSR, where non-allowable losses must not exceed £105m over a three-year period. Brentford's Bryan Mbeumo is understood to be a player United are firmly interested in (Bradley Collyer/PA) However, the PA news agency understands the accounts of UK-based Red Football Limited are those primarily relied upon by the Premier League and UEFA when determining compliance with their respective financial rules, rather than the results of the plc. The pre-tax loss for Red Football in the year ended June 30, 2024 was £36.25m, over £94m less than the plc's losses. United were found to be compliant with PSR for the most recent assessment period up to June 30, 2024.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store