Appraisers of Fine Arts is a resource for estate planning and the protection of works of art and collections of art. We provide oral and written Fair Market Value appraisal reports for Charitable Donation, Estate Tax, Gifting, Sales Advice, Division of Property, and Litigation support. We also provide written Replacement Value appraisal reports for Insurance Coverage for public art, murals, site-specific work and collections of art in private and public settings. We work with collection managers, attorneys, CPAs, trustees and clients to provide advice and expert opinions. Artists, collectors and their families also benefit from the information and services we provide.
The consumer should be aware that currently there is no law requiring an individual calling themselves an "Art Appraiser" to have taken specific appraisal practice coursework, be part of a recognized professional appraisers association or to have passed the Uniform Standards of Professional Appraisal Practice (USPAP) exam so there can be significant variation in the quality of work and level of report detail provided by different appraisers. For this reason, the IRS has issued guidelines to the legal and tax community recommending they use qualified appraisers particularly for cases involving estates and donations.
Each appraisal report that we provide will fully meet the standards set forth by USPAP as well as all federal and state documentary requirements. Our reports include digital pictures, full descriptions, measurements, condition and value. For paintings and fine art, information about the artist's background may also be given. Data on comparables is kept in work files or listed directly in the report for items of higher value. We will also provide electronic copies of the appraisal (including pictures) by email or on CDs for your insurance agent or attorney. This level of documentation is invaluable should you ever need to substantiate an insurance claim due to fire or theft.