What is an appraisal? An appraisal is a professional assessment of the value of an item, such as art or antiques. This involves thorough examination and research to determine its market value based on various factors like age, condition, rarity, provenance, and demand.

Why should I get an appraisal for my art or antiques? Appraisals are essential for various purposes including insurance coverage, estate planning, selling, donation, and legal matters. They provide a documented, professional opinion on the value of your items, ensuring you are well-informed and protected.

How much does an appraisal cost? The cost of an appraisal can vary based on factors such as the appraiser’s experience, the complexity of the item, and the scope of work involved. It can be an hourly rate or a flat fee. It's best to discuss pricing upfront with the appraiser.

How long does the appraisal process take? The duration of the appraisal process depends on the number and complexity of items being appraised. It can range from a few days to several weeks. Clear communication with your appraiser can give you a better estimate.

How do I find a qualified appraiser?

What credentials should I look for in an appraiser?

Are there any professional organizations for appraisers?

Do I need an appraisal for insurance purposes? Yes, an appraisal provides a documented value for your items, which is essential for insuring them properly. It ensures you receive adequate coverage and compensation in case of loss or damage.

What if I want to donate my art or antiques? An appraisal can determine the fair market value of your items for tax deduction purposes. This documentation is required by the IRS for donations above a certain value.

Can you appraise items for estate settlements or divorce proceedings? Yes, appraisals are often required for dividing assets in estate settlements, probate, and divorce proceedings. They provide an impartial, professional valuation for legal purposes.

How do I prepare my items for an appraisal? Ensure your items are clean and in good condition. Gather any relevant documentation, such as receipts, provenance, and previous appraisals. Make the items easily accessible for the appraiser.

What do I receive after the appraisal is complete?

Can I get a copy of the appraisal report?

How often should I get my art or antiques appraised?

Choosing an Appraiser
How do I find a qualified appraiser? Look for appraisers who are members of recognized professional organizations such as the Appraisers Association of America (AAA) or the International Society of Appraisers (ISA). Referrals from trusted sources can also be helpful.

What credentials should I look for in an appraiser? Check for professional certifications and memberships in reputable appraisal organizations. Experience in appraising similar items and a solid reputation in the field are also important factors.

Are there any professional organizations for appraisers? Yes, there are several professional organizations that set standards for appraisers, such as the Appraisers Association of America (AAA), International Society of Appraisers (ISA), and American Society of Appraisers (ASA).

The Appraisal Process
What information do I need to provide for an appraisal? You should provide any documentation related to the item, such as purchase receipts, provenance, previous appraisals, and any restoration or conservation records. Photographs and detailed descriptions are also helpful.

Do I need to be present during the appraisal? It's not always necessary for you to be present during the appraisal. However, being available can be helpful for answering any questions the appraiser may have about the item’s history and provenance.

What happens during an appraisal? During an appraisal, the appraiser examines the item, takes detailed notes and photographs, and conducts research to determine its value. This may include consulting reference books, databases, and market reports.

How do you determine the value of an item? The value is determined by considering various factors such as age, condition, rarity, historical significance, provenance, and current market trends. The appraiser uses their expertise and resources to arrive at a fair and accurate value.