What is a qualified fine art appraiser?
Like an art dealer, a fine art appraiser need a background in art history and an in depth understanding of the art market. However, an appraiser also need extensive training in all aspects of appraisals including valuation theory, methodology, research, analysis, technical report requirements, insurance and legal requirements, as well as IRS requirements. A personal property appraiser needs to comply to the Uniform Standards of Professional Appraisal Practice (USPAP) as approved by the US Congress and the Appraisal Foundation. An Accredited Senior Appraiser has been tested and reviewed with at least six years of appraisal experience.
Where do you get your information about my property?
My past background as an art dealer and my personal contacts with other art dealers, artists, museum curators, collectors and auction houses facilitate my knowledge of current market trends and directions. Allrich Fine Art also maintains an extensive reference library on 20th and 21st century art, architecture and American crafts. As a trained researcher, I additionally resource sales records, market statistics and various other indicators.
How long does an appraisal take?
Generally it will depend on how many objects are involved and how uncommon the material is, but it can take from three to ten weeks. The estimated time can be determined when the property is reviewed.
What will I get?
An appraisal is a multi page document that includes the appraised value, a complete description of the artwork, an analysis of the market and valuation used. It will also include photographs, bibliography, certification, as well as numerous other elements that meet different IRS or insurance requirements.