Art Appraisal F.A.Q.
WHAT IS AN APPRAISAL?
An appraisal is a document that quantifies the value of property. A fine art appraisal typically entails the valuation of paintings, drawings, sculptures, prints, etc.
IS AN APPRAISAL A LEGAL DOCUMENT?
Absolutely. An appraisal by a qualified appraiser can act as a legal document in insurance settlements, divorces, estate proceedings and other matters involving personal property.
WHEN IS AN APPRAISAL NECESSARY?
You will likely need an appraisal for: Obtaining insurance coverage; Donations and gifts; Estate planning and valuation; Division of property, and Informed buying/selling. A certified appraisal also serves as important documentation of an artwork’s characteristics and history, which can serve to enhance its overall value.
IS A HANDS-ON (PHYSICAL) INSPECTION ALWAYS NECESSARY?
Though preferred, it is not always necessary. Please contact us with your circumstances and we can better inform you.
HOW IS VALUE DETERMINED?
Depending on the needs of the appraisal, an appraiser will use a variety of tools to determine an artwork’s apposite value. These tools include, but are not limited to: reference books and periodicals, online electronic databases, historical documents, auction catalogues, market analysis, an analysis of comparable artworks, and expert testimony.
HOW AM I CHARGED?
Art encounter charges based on an hourly rate. In adherence to USPAP (the Uniform Standards of Professional Appraisal Practice), we do not charge based upon a percentage of value or other standards that could prove unethical or a conflict of interest.
ONCE A WORK IS APPRAISED, CAN ART ENCOUNTER HELP ME SELL IT?
Yes, can sell it under our Private Collections area of the website.