Why You May Need An Appraisal What Is It Worth
A Complete Appraisal Includes Prepare For Appraisal Your Appraiser
IOI Art Management appraisals are written in conformity with and are subject to the International Society of Appraisers' Appraisal Report Writing Standard, as well as The Appraisal Foundation's Uniform Standard of Professional Appraisal Practice (USPAP) and to the ISA Code of Ethics. We pledge that all information obtained in the course of an appraisal will be held in the strictest confidence and released only at the request of the client.
Why You May Need An Appraisal:
Insurance Requirements Claims Settlements Estate/Probate Donations Dissolution of Property
Investment Portfolio Consumer Resale Bankruptcy Price Confirmation
Whenever there is a question concerning the value of personal property, risks are involved. Those risk may include: the risk of not getting your fair share in a division of property; the risk of incurring tax penalties; the risk of being under compensated for losses; or the risk of selling at too low a price.
A professional appraisal by an Accredited or Certified Appraiser helps you manage these and other risks and enables you to make important financial decisions with confidence. Rather than being an educated guess, the value conclusions in a professional appraisal are based upon facts and are determined by prescribed standards of identification, valuation, and report writing.
Bankers, attorneys, judges, executors, trustees,
insurers, adjustors, investors, collectors and tax agencies, all rely on the
knowledge and expertise of professional appraisers and so should you.
A Complete Appraisal Includes:
Survey of your collection to determine which works are in need of appraisal.
Photography of each work for your records and ours.
Research of current market, and artists' careers and sales.
Assembly of all pertinent information for insurance schedules, estate planning, estate taxation, charitable donations, or your personal use.
Delivery of a fully annotated and researched written report with photographs.
To Prepare For Your Appraisal:
Decide which items you want to have appraised before hand.
Make sure items in the attic, closets, or garage, are accessible to the appraiser.
Unpack items in drawers, boxes and trunks.
Group things together by like kind, such as a collection.
Gather sales receipts, earlier appraisals and any other pertinent information and place them with the appropriate items.
Large pieces of furniture should be pulled away from the wall.
If this is an estate appraisal and if there is a will, please insure that all items specifically bequeathed are available for the appraiser's personal inspection.
Why You May Need An Appraisal What Is It Worth
A Complete Appraisal Includes Prepare For Appraisal