FINE ART APPRAISALS
UNIFORM STANDARDS OF PROFESSIONAL APPRAISAL PRACTICE (USPAP)
INTERNATIONAL FINE ART APPRAISER (IFAA)
FINE ART APPRAISAL | TYPES
Fair Market Value or Replacement Value
FINE ART APPRAISAL | PURPOSES
- Asset Management
- Charitable Contributions
- Insurance Valuations
- Bankruptcy
- Divorce
- Estate Planning / Financial Planning
- Equitable Distribution
- Expert Witness Service
- Insurance Claim / Insurance Coverage
- Non-Cash Charitable Donations / Donation Tax Reduction
- Tax Planning; Estate Tax, Gift Tax
- Trust Conservator-ship
FINE ART APPRAISAL PROCESS | EXAMINATION
We carefully examine all artwork on site to complete a thorough analysis that includes identification, photography, measurement, description, condition and evaluation.
FINE ART APPRAISAL PROCESS | RESEARCH
Value conclusions are based on comparable sales analysis through the identification of marks & labels, identification of artists/creators, verification of dates, location of comparable items, and investigation of markets.
FINE ART APPRAISAL PROCESS | REPORT
Clients are provided two copies of the completed USPAP-compliant appraisal which include the following:
- Outline of process, definitions, market and total valuation
- Details of appraiser's qualifications to perform the appraisal
- Identification, description, photograph(s) and value of each item
FINE ART APPRAISAL | FEES
Appraisal fees are based on an hourly rate and include factors such as on-site time, research time, documentation and report preparation time and travel. There is a minimum rate of $375 per hour. Steven Vail Fine Arts appraisals follow the Uniform Standards of Professional Appraisal Practice (USPAP) format and the Code of Ethics required by all professional appraisal societies, and are accepted and highly regarded by insurance companies, courts of law, and government agencies, including the Internal Revenue Service.