Appraisals

Each appraisal report is prepared specifically for its intended use and the particular needs of the client. Reports are produced as professionally bound, full-color printed documents, accompanied by an additional copy for the client’s records.

Photographs are integrated directly alongside the written descriptions, with a layout and presentation that resemble a scholarly art catalog or reference publication. Reports typically present one to three items per page, depending on the nature, value, and scope of the property being appraised. Each object—or group of comparable objects—is described in sufficient detail to meet professional, legal, and market standards for its category.

Individual works valued in excess of $20,000 are documented in greater depth, often including one or more dedicated pages of narrative analysis and one or more full-page photographs. Appraisals prepared for non-cash charitable contributions include the required IRS Form 8283 and are structured to meet Internal Revenue Service requirements.  

Appraisal Types

  • ESTATE:  Asset distribution, fair market values, estate planning, tax returns

  • DONATION:  Tax deduction, or part of estate planning

  • INSURANCE:  Retail (full market value) replacement cost for your insurance

  • DIVISION OF PROPERTY:  Equitable distribution of property for multiple persons

  • LOSS OR DAMAGE:  Market value, damage assessment, restoration costs

  • MARKET VALUE:  Determine fair market value for purchase or sale of artwork
     

Fees for Appraisals

Fees for appraisal reports are billed at an hourly rate, not on a percentage of value. The current rate is $350 per hour, with a minimum of $1,800.  

The scope and cost of each appraisal vary depending on the number of items, the complexity of the property, and the level of research and analysis required. Upon review of the intended use of the report, the type and quantity of objects, and any existing documentation, an estimated range of fees will be provided.

Clients are encouraged to contact us to discuss their specific needs, obtain a more precise estimate, or determine whether the value of the property warrants preparation of a qualified appraisal report.