WHAT IS AN APPRAISAL
An appraisal is not a list of artistic artifacts with prices. It is a well-researched, informed report of value for a specific use, utilizing a specific type of value: retail replacement, fair market, or market cash value. It is based upon thorough research, analyzed within the most relevant market, and lays out the process used to estimate the resultant value. For artistic valuation, there is not just one type of value. Value depends on a variety of factors. We provide a detailed conclusion of value based on various considerations to insure you understand what your items are worth and why.
To better illustrate this point, an appraisal of one article for insurance coverage requires a different definition of value, a different approach, and an analysis of different sales data than if the same article is valued for donation or estate tax, sales advisory, or for bankruptcy.
A thorough USPAP compliant appraisal report goes beyond mere valuation; it is a meticulous examination of the nuances that make each artwork distinct. Our dedication to accuracy and transparency ensures that clients receive not only a comprehensive monetary assessment, but also a deeper understanding of the cultural and historical context surrounding their treasured pieces.
A thorough USPAP-compliant appraisal report will also include a summary of the artist’s career highlights (major showings, gallery and museum representation) and a market analysis of the artist’s financial success and relative position within the genre of their work.
