Preparing for an Appraisal:
Decide which items are going to be appraised. Make a list if possible.
Be clear about the purpose of the appraisal and the type of value you need researched. Is it for insurance scheduling, estate tax, dissolution? Insurance Replacement Cost or Fair Market Value?
Choose a time for the inspection when distractions will be minimized for you and for the appraiser. A quiet environment is preferred.
Gather documentation, i.,e. receipts, certificates, previous appraisals, letters, exhibition catalogs.
Have all items unlocked and available.
Pull large furniture away from the wall, if possible.
Have good lighting available.
Separate sets of silver, china and stemware. Provide maker and pattern names if known.
Unpack boxes of items to be appraised.
Have step stools and ladders available to reach items located up high.
Organization is the key to a time and cost efficient inspection.
- The Appraisal Foundation: “Valuation of Fine and Decorative Art”
- Consumer Reports: How Much is Your Stuff Worth?
- Questions to Ask an Appraiser
- What To Expect In Written Appraisals
- Antique Insurance Coverage: What Collectors Need to Know to Safeguard Their Treasures
- For What It’s Worth: The Key To Insuring Your Collection
- Natural Disasters Happen. Will Your Home Be Ready?
- Art Insurance: Many Collectors Should Consider Property / Casualty and Title Policies
- Appraising Your Collection
- The Art of Donating Art: The Charitable Contribution of Art, Antiques and Collectibles
- Valuing Art For Tax Purposes
- Don’t Ignore Collectibles in Clients’ Estate Planning Process
- Are Your Clients’ Assets and Collectibles Documented Properly?
- Avoid Legal Pitfalls When Buying Art
- San Diego Union-Tribune feature on Kathi Jablonsky