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In this post we explore fine art valuation and appraisal, how an appraisal is conducted and the different types of art appraisals. How a Fine Art Appraisal is Conducted A fine art appraisal conducted by a certified appraiser starts with a thorough inspection of the artwork.
Valuation of Art Collections Determining accurate valuations for art pieces can be complex and subjective, therefore it requires expertise from a certified appraiser. This ensures integrity in their valuation process.
CURIOSITY If you are simply curious about the value of an artwork or collection, a restricted appraisal will help you. A restricted appraisal is a written appraisal that provides a valuation, but information is for the client only and cannot be shared with anyone else. It is for your information only.
. – Provenance Records: If you have any history of previous owners or exhibitions, gather those details too. – Past Appraisals: If you’ve had your pieces appraised before, pull those records together. This helps tailor the valuation approach to your needs.
Our gallery is renowned for its dedication to showcasing the diverse talents of artists from Hawaii and around the world. As I remain committed to my ongoing professional development, I am seeking mentorship to further hone my expertise within the field of appraisal practice.
Whether you’re considering selling a piece, insuring your collection, or simply curious about its worth, proper preparation ensures a smooth and accurate appraisal process. Include information such as the artist’s name, title of the piece, medium, dimensions, and any relevant provenance or history.
Online tools offer instant appraisals. These generic estimates lack the in-depth analysis necessary for accurate valuation. Appraisals signify authenticity. Appraisers may identify and describe gemstones and metals in their documentation, but that doesn’t mean they’ve authenticated them.
It is a pleasure to present a client with an appraisalreport showing that their art collection has grown in value over the years, but unfortunately, disappointing clients with the opposite news is common. It is important to temper clients expectations and to be available to explain valuations when questions arise.
Working to USPAP standards of professional conduct should be a minimum requirement for hiring an appraiser. The standards include the need for the appraiser to have no financial interest in the outcome of the valuation. An appraiser must be independent and must certify that they were not paid for any specified result.
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