I feel that all artworks are beautiful, each piece holds a story and has great sentimental value. The monetary value of an artwork is rarely what you paid for it. Unfortunately not all artworks have great market value, where as other artworks may have appreciated and are now worth more than what you once paid. Determining the Fair Market Value or estimating the Replacement Cost for works of art is difficult and complex. One artwork can hold many different values, dependent on how the client intends to use the appraisal report. Qualified and educated appraisers understand the many different types of values, assigned uses and market levels.
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
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. If I am unable to inspect the works in person I will need you to provide me with
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.
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. Date of Creation: (if known)
4. Artwork Title: (if known)
5. Dimensions: (Height x Width, not including frame.)
6. Medium: (Oil on canvas; Etching on Paper; Watercolour etc.)
7. Provenance: (If known, what is the history of this work? Where did it come from? Is there an invoice for the artwork? When was it acquired?)
8. Condition: Please take a photograph of any area that is damaged (scratches, dents, grime etc
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, 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 value conclusion.
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.
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 I take that information back to my office and do preliminary research and determine my scope of work. I then will provide you with a detailed quote outlining my fee and timeline.
I cannot quote you if I have not either inspected your work or received the required information about your artwork.
It can take up to two weeks to complete an appraisal report if there are several works to be appraised.
Charges for an appraisal whether it is for fair market or replacement cost are based on time and incurred expenses. The fee for an appraisal report is not contingent upon the valuation conclusion.
ReSALE
If your artwork has market value and you are wanting to sell your work a Market Cash appraisal will provide you with what you might anticipate to get cash in hand after shipment and sellers fees. I will help to determine what gallery, art dealer or auction house are willing to consign, buy or offer your work at auction.
