Appraisals

Each report is tailor made for its intended use and the needs of the client.  You will receive a full-color printed report plus one copy.  Photos appear next to the description like an art catalog or book.  Reports normally have two to three items per page, in larger appraisals (300 or more items) four per page.  Each item or groups of similar items will be described sufficiently for its type and function.  Individual items valued over $20,000 will include one or more pages of information and one or more full 8 x 10 inch photos.  Photographs are taken with a digital Nikon digital camera which produces brilliant images. In some cases your prints or slides can be used.  The database can also be included on a CD (compact disk) in several widely used formats.

 

Types of appraisals

Estate: asset distribution, fair market values, estate planning, tax returns.

Donation: tax deduction, often part of estate planning.

Insurance: retail (full market value) replacement cost for your insurance.

Division of property: equitable distribution of property for multiple persons.

Loss or damage: market value, damage assessment, restoration costs.

Market Value: to determine fair market values for purchase or sales of artwork.

 

Fees for Appraisals

Each report has a unique number of items and complexity of research and methodology. An estimate will be made upon learning details of the nature, number of items to be appraised, and the amount of information you already have.  A very rough estimate is that it takes 10 minutes per item, from start to finish.  

Fees for appraisal reports are billed at an hourly rate, not on a percentage of value.  The current rate is $200 per hour, with a minimum of $500.  Appraisal fees for reports used for income tax purposes are often deductible, consult your accountant.