This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Whether it is dividiing an estate, buying insurance, making non-cash charitable contribiutions or one of many other scenarios, an appraiser can help you and your family to make better decisions. Below that number, you can do the valuation yourself, but may have greater peace of mind if you hire an appraiser. Start the New Year Right!
A diamond appraisal is an evaluation of a diamond or piece of diamond jewelry, usually for insurance or estate purposes. An appraisal may be needed for a variety of reasons (insurance, donation, estate, divorce, etc.). For example, an insurance replacement value is generally much higher than a fair market value.
In this post we explore fine art valuation and appraisal, how an appraisal is conducted and the different types of art appraisals. Your appraiser will also use knowledge of recent sales of comparable works to determine the artwork’s value. You can learn more about insurance appraisals in this blog post.
Whether you’re looking to sell, insure, or simply understand the worth of your collectible, an accurate appraisal is essential. In some cases, you can send detailed photographs to an appraiser online and receive a preliminary valuation, although a physical inspection is usually necessary for a formal appraisal.
By Ray Nugent Fine Art Insurers require more frequent valuation updates for Fine Art items than other less dynamic markets. Conversely, a low auction sale can impact a genre and other works by the artist. Insurers are keenly aware of this phenomenon and therefore, require regular valuations updates, typically, every 2-3 years.
Whether it's a family heirloom passed down through generations or a recent acquisition, knowing it's worth not only provides peace of mind but also serves practical purposes such as insurance coverage, resale considerations, and estate planning. It considers factors such as demand, condition, and comparable sales.
Value matters and an art appraisal completed by a qualified art appraiser can save you substantial money by not selling too low, insuring too low, or paying too much in estate tax or equitable distribution. Insurance Purposes: Artwork can be a valuable asset, and it is essential to ensure that it is adequately insured.
Desantis Should You Consider Insurance? Surprisingly, many collectors of “passion assets” don’t think to protect these valuables with insurance. However, in truth there is no “minimum value” to mandate insuring one’s treasured valuables and virtually ALL collections can benefit substantially from being insured.
Insurance Purposes: Insurance companies often require detailed documentation for jewelry appraisals to determine coverage amounts and premiums accurately. Proper documentation ensures that your jewelry is adequately insured against loss, theft, or damage. This includes information about the materials used (e.g.,
An appraised value for insurance may be significantly higher than an appraised value for planned future sale, which can be baffling and difficult to comprehend without a familiarity with the different levels of the market.
Jewelry Insurance Accidents happen, and jewelry can be lost, stolen, or damaged. An accurate jewelry appraisal ensures sufficient jewelry insurance. Your insurance company will cover whatever happens to your jewelry, may it be monetary compensation or replacement during unfortunate circumstances.
GL-1, an appraiser is “one who is expected to perform valuation services competently and in a manner that is independent, impartial, and objective.” Reasons of valuations for tangible property can include estate and probate purposes, equitable distribution, insurance coverage, charitable donations, dissolution of marriage, and bankruptcy.
How much should you insure them for? Ideally, your appraisal will result in a reliable price estimate for insurance, tax or resale value. Retail Replacement Value for Insurance Coverage People will often get a Retail Replacement Value appraisal for insurance prices. Can you get a good price if you sell them?
In the ever-evolving landscape of the art market, staying abreast of trends and mastering the art of valuation is essential for collectors, investors, and enthusiasts alike. In this blog post, we’ll unravel the intricacies of the art market, offering insights into how trends emerge and impact valuation.
Whether you're insuring valuables, managing an estate, or planning for a sale, having an accredited personal property appraisal provides clarity, security, and peace of mind. Credentialed appraisers are trained and tested by reputable organizations, ensuring that they can provide accurate, defensible valuations.
Insurance Coverage Ensure the estate liquidator you hire has adequate insurance coverage to protect you and yourself from accidents, damages, or theft during the estate sale or auction. Request proof of their insurance before finalizing your agreement. What Goes Into the Pricing? Petersburg, and surrounding areas.
Do you need to have a collection appraised for insurance? 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. For example, a client cannot use a restricted appraisal as a basis for a sales price with an auction house or antique dealer.
Whether you’re a fan of Antique Roadshow and started digging around in those boxes in the basement or you bought some jewelry at a garage sale and think you’ve hit the jackpot, you want to find out if that gem-studded bangle can be sold for money that reflects its true worth. What would you do now?
As an accredited art appraiser, I’ve seen firsthand how valuable a professional appraisal can be for art collectors, whether you’re planning to sell a piece, insure your collection, or just curious about its worth. This helps tailor the valuation approach to your needs.
Personal property appraisers play a key role in making sure you get the most out of your estate sale. Estate sales can be overwhelming. This information is super important for your estate sale because it helps you set fair prices and attract buyers who understand the worth of your items.
Whether it’s an antique brooch you acquired at an estate sale or a custom-designed sapphire necklace, working with an appraiser helps you protect your investment. Valuation report. It’s important to note that some insurance companies do not allow digital jewelry appraisals for insurance purposes.
In the intricate world of colored stones, determining an accurate valuation is a thorough process that relies heavily on the insights provided by gemological reports. This level of trust is paramount, as the information provided in gemological reports directly influences decisions regarding the purchase, sale, and appraisal of colored stones.
The goal is to assign a fair market value to these items, often for purposes such as insurance, estate planning, or even divorce settlements. Whether you're dividing assets, insuring valuables, or simply curious about the value of your belongings, a personal property estate appraisal provides the answers.
Whether you need a quick valuation for possible re-sale of your items, or you are looking for a more in-depth assessment for insurance or estate planning purposes, discovering a professional nearby is crucial. Typically, this involves analysis of comparable sales in the appropriate market. Insurance and bonding.
Without a proper evaluation of your jewelry’s worth, you can’t get insurance coverage for it. Jewelry appraisals are required for most insurance policies. These generic estimates lack the in-depth analysis necessary for accurate valuation. Jewelry appraisals protect your valuable pieces in the event of damage, loss, or theft.
Areas of interest include tax valuation issues and litigation support for appraisers from engagement to trial. In my current role as a Fine Art and Collections Specialist at Chubb, I am deeply engaged in safeguarding collector clients' assets, ensuring both physical preservation and accurate valuation for insurance purposes.
An appraisal provides an accurate valuation based on the current market. At first the shift to online high-end sales met some resistance, however, overall sales have rebounded. Interestingly, sales of contemporary art in particular have excelled. Sales for traditional art and antique items remains strong.
If you’re seeking insurance coverage, the valuation may focus on replacement value. For estate planning or potential sale, market value may be more relevant. Original documentation, such as certificates of authenticity or sales receipts, can provide important context and verification of the artwork’s provenance.
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. Whether it’s for insurance, resale, or estate planning, the appraiser needs to know the context to determine the appropriate valuation method.
Read on to learn how to identify an antique item and discover how much it is worth The Different Valuations of Antiques Something that surprises new collectors is that antiques are like any other asset of value—it depends on the specific market. The basic steps to finding a valuation start with identifying the item.
Very simple data such as the origin of the object, its “age” or approximate date of production, the materials with which the piece is made and the subject (what the piece is about) add up towards a more accurate valuation. This is also pivotal to present insurance claims if the situation arises.
One of the hallmarks of AXA ART’s operation is the pride it takes in meeting with and building relationships with art and insurance professionals. Art news headlines are screaming about New York’s blockbuster sales and rising values – the recent Basquiat and Lichtenstein sales are a case in point.
In early 2022 Art Peritus launched AP Selects, an online sales venture in which clients can consign art and furniture for sale through the business website, as well as on 3rd party independent online platforms including Incollect.com. We are also well known for the damage and loss appraisal work we perform for insurance claims.
Accurate Asset Valuation An appraisal provides an unbiased and expert opinion of the fair market value of your parent’s assets. Even if you are familiar with the items and believe you have a good understanding of their worth, a professional appraisal ensures an accurate and documented valuation.
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 regularly helps clients with business formation, acquisitions, and sales. He has written 12 books and over 50 articles.
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. Customs, Homeland Security, and served as a Magistrate for the Broward County Florida Valuation Adjustment Board. in Montreal.
This guide will help you determine if your artwork needs a professional valuation and why it matters. As an appraiser, my role is to provide an unbiased, well-researched valuation tailored to your specific needs, whether for insurance, estate planning, donation, or sale. What Is an Art Appraisal?
For example, the value used for insuring a diamond ring differs significantly from the value used to sell it or distribute it in an estate. This valuation is commonly used for insurance purposes and reflects the cost of purchasing a similar item from a retail jeweler, considering materials, craftsmanship, and retail markups.
TK : Art lawyers work with appraisers in a variety of contexts in which their clients require a reliable, accurate valuation for objects in dispute. Likewise, if an object is stolen, lost or destroyed, an accurate value is needed to support a theft report, claim for compensation against the wrongdoer or an insurance claim.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content