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GL-1, an appraiser is “one who is expected to perform valuation services competently and in a manner that is independent, impartial, and objective.” As a personal property appraiser, my role encompasses tangible property including fine art, antiques, furniture, and collectibles. After the inspection starts the valuation process.
There are numerous reasons to seek a professional appraisal, including planning insurance coverage, charitabledonations, probate of an estate, or simply determining the value of your tangible assets. Whether you're dealing with art, antiques, furniture, jewelry, or other possessions, an appraiser can give you a valuation.
Charitabledonation. When making a non-cash donation to charity, your tax deduction for that donation is dependent on the valuation of the items donated. For common donations, such as used clothing and furniture given to a Goodwill or other such organization, an appraisal is rarely required.
Collecting trends and changes in taste have had a major impact on everything from antique furniture to folk art. For example, in the last fifteen years, some antique Victorian furniture has experienced a reduction in both value and desirability.
ASA International Conference is the leading event for the global valuation profession. He has over 30 years of experience in valuation, ethics, diversity, equity, and inclusion. He has written 12 books and over 50 articles. He is a highly sought after speaker, consultant, and conflict resolution expert.
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