What exactly is refinishing? Is cleaning with lacquer thinner and denatured alcohol considered refinishing? That cleans up the old black, cracked finish or evens out the finish, but does not add anything. It just involves steel wool, the liquid and a rag to wipe off the excess. I see furniture on the antique shows with lovely finishes and wonder how that can be without anything done to them since all the really old stuff we've had has the bumpy black surface.
I used that to work on an old Seth Thomas wall clock, dated Jan. 8, 1909 (the purchase sticker is in the clock), and it looks lovely. An antique dealer thought it looked too new. Did it affect the value? Not that I care since it's staying in the family as long as I'm around, and longer judging from my children's wanting it, but I'm curious.