| What is a Fine Art Appraisal? A fine art appraisal is an opinion of value based on the most appropriate of value for the assignment using proven methodology. Highest and best use of the art must be determined and the appropriate approach used for the assignment. What Use Is A Fine Art Appraisal? Art appraisals are used for insurance scheduling, estate planning, divorce settlement and general cataloging of a collection. How Long Does an Appraisal Take? Turn time for most fine art appraisals is 60 days. This is due to the time line needed for complete research. Sometimes experts and academics can take a while to get back to us with their information. What Is USPAP? USPAP is the Uniform Standards of Appraisal Practice that is part of the United States Commercial Code. A appraisals whether Real Estate, Business Valuation or Personal Property ( Fine Art) must conform to the standards set down in this code. How Long Is A Fine Art Appraisal Good For ? Two to three years depending on market conditions. Is a Fine Art Appraisal Confidential? Yes all the information we get from you and the report is confidential. The appraiser can only discuss the contents of the report with the person who ordered the report and the intended user of the appraisal report. How many Copies of the Appraisal Will I Get? You will get two copies of the report and a PDF file you can print. I will keep copies of the report in secure storage for 5 years. |
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