Appraisal Services

Christine Griffiths is a qualified personal property appraiser and is professionally trained in appraisal theory, principles, procedures, ethics and law.  All reports comply with the Uniform Standards of Professional Appraisal Practice (USPAP) of the Appraisal Foundation and the Appraisal Report Writing Standards of the International Society of Appraisers (ISA). Christine takes a USPAP course every two years to ensure she is up to date.

 

SOME EXAMPLES FOR APPRAISAL PURPOSES:

  • Insurance Coverage   

  • Charitable Donation  

  • Donation of Certified Cultural Property

  • Resale Value 

  • Disposition and Division of Assets

  • Estate planning and Tax Reporting

  • Art Collection Management

The value of an artwork is rarely what you paid for it when you bought it. The work may have appreciated or depreciated. Estimating Fair Market Value or Replacement Value for works of art is difficult and complex. That’s why you hire a qualified appraiser.One artwork can hold many different values, dependent on what it is being appraised for.

Appraisal Process

The scope of work includes the examination of the artwork(s); the art market, value research, analysis; market data research for comparables; and, writing the Appraisal Report.

To provide you with a valuation I will typically arrange an inspection of your items.  The inspection will include taking photographs of the items being appraised, and gathering information such as: physical condition, characteristics, size, medium, artist, date, signature and provenance. 

Documentation such as receipts, other appraisals, transfer of owners and galleries associated with the artwork will provide me more of a context as to which market should be researched and where comparable items have been sold.  Providing this information will limit your cost for the appraisal.

I am a specialist in fine art and have an extensive network of colleagues with varied expertise in fine art.  This ensures that each personal property being appraised is accurately identified and researched.

Art valuation involves comparing data from multiple sources such as art auction houses, galleries and corporate collectors, art dealers, sales by artist and other specialized market analysis.  I will examine the most relative markets, frequency of sales and sales levels.  I analyze that data and provide you with a written appraisal report.

 In the appraisal report I will provide you with comparisons to help you understand how I came to my conclusion. The report is typically ten pages or more, depending on the amount of works being appraised.

If the Authenticity of an artwork is in question I will consult with a recognized expert to make a determination as to its authenticity.  This would typically require a physical examination and may also require scientific testing.  

Clients can rely on confidentiality and objective research and development of appraisal values.

Preliminary Research

If I am unable to come to site and do a physical inspection of the artwork I will ask you to provide me with the following information.

1. Photograph: (Front and Back of Artwork; Signature and any labels or markings.)

2. Artist Name:

3. Artwork Title:

4. Dimensions: (Height x Width, not including frame.)

5. Medium: (Oil on canvas; Etching on Paper; Watercolour etc.)

6. Provenance: (Where did it come from? Is there an invoice for the artwork? When was it acquired?)

7. Condition: Please take a photograph of any area that is damaged (scratches, dents, grime etc.)

 

Appraisal FeE

The fee is based on the amount of time I will spend on your project, and how much research is needed to form an opinion of value and write the Appraisal Report. Once I have completed an inspection of your works I will provide you with the hours it will take me to complete the project and a quote.  

Charges for an appraisal whether it is for fair market or replacement cost are based on time and incurred expenses but never on the value of the artwork.