When www.worthpoint.com came on the scene in 2007 it was hard for a lot of antique dealers & auction addicts to wrap their heads around it's potential viability. I fully confess to being in this camp. I couldn't imagine how it could possibly help me in the picking field. But in my defense, I didn't foresee that my iPhone would be the most useful thing in my toolkit either. The heart of Worthpoint ( the Worthopedia) was not yet very well developed.
Jump to 2013. Wow! Thank God some people stick to their guns. Will Seippel the founder and CEO of the company believed in his idea and stayed focused. His main mantra throughout the years being: "This is going to help people in the antiques business" and indeed, if you are a Worthopedia user, you are making money off of it
On my desktop Worthpoint.com is a location I visit often along with Google or Wikipedia for information when conducting appraisals. But the company's iPhone field app is something I can't see myself doing without when I'm buying antiques & collectibles. Whether I'm in a home, or trekking through May's field at the Brimfield Antiques Show, I don't want to be without this tool.
I know a lot of you who look up values online get frustrated when you get a hit and find out it's a Worthpoint result and this means if you want the valuable information, you'll need to be a subscriber. I know some people hate that because they are used to "free" when it comes to online tools. But let's be reasonable, any company that provides something as useful as the Worthopedia deserves to make a fair profit. And as the Internet grows, finding good curated information is not so easy. The great thing about Google is that it finds everything. The bad thing about Google is that it finds EVERYTHING, and gleaning the important, specific information you need is becoming harder. The Worthopedia does this for you in the world of antiques & collectibles.
How can you be in this business without it? What if you're not using Worthpoint, but the person on the other side of your trade is?
A good set of price guides will set you back about $200 for about 10 different guides (You could go broke buying hundreds of guides) On average, there's probably about 50,000 entries per guide. That's about a half million entries total you'll have access with these guides. And the info is only useful IF in fact you can put your fingers on it when when you need it ( doubtful) The Worthopedia has over 150 MILLION prices realized records. This information is available within seconds and the prices show are what the item actually sold for, not asking prices.. Think about that, this is better than having every antique price-guide ever published in the palm of your hand. I wouldn't be in the field without it today!
See the slideshow for examples of a few ways I used the Worthopedia.