Anthony's Appraisal Blog
Replacement Value Appraisals for Fine Art
Conservation encompasses two distinct approaches: restoration and preservation. Restoration is the reconstruction or repair process of an item while preservation is primarily concerned with the maintenance of the current state of the item, as well as, the protection of all remaining original components. The restoration process coincides with the standards of practice and ethical guidelines for conservation. With that in mind, in certain cases, restoration is not recommended or even feasible.
Our highly skilled conservators are academically and museum-trained with over twenty-five years in the field. They will personally inspect the item and prepare a proposal documenting whether or not restoration and conservation are recommended.
If I bring an item into the office, do I have to leave it there?
Not necessarily, most inspections require only a brief amount of time on site. The remainder of the research can be done from photographs.
My item is too big to bring into the office. Can you work from a photograph?
Yes, in some cases we can work from photographs, mostly for the initial consultation. However, we do prefer to view the piece in person in order to verify its quality. We will travel to your location for an on-site inspection.
I have a lot of paintings and antiques to be appraised as well as a house full of items that might be worth something. Where do I begin?
First set up a verbal evaluation, one of our appraisers can come to your home and advise you on the value of your possessions, after which you will have a more clear idea of its secondary market. Secondly, decide the purpose of your appraisal (ie. Liquidation, insurance coverage etc.). This will help us in guiding you to the next step.
Can you help us sell items?
Yes we can. We do not however purchase items that we appraise, be weary of any appraiser who desires to purchase that which he is appraising. For select items we do work on consignment.
I don't want to spend a lot of money on something that is worth less than the appraisal cost.
A verbal evaluation is a good option for those who do not know the value of their item. This is a conservative cost service we provide, after which you can decide whether or not to pursue a full appraisal report.
How can you decipher a reproduction from an original?
Even an experienced eye can sometimes be fooled without the proper resources. It is always best to consult a professional appraiser.
What is provenance?
Provenance is a particularly large concern when it comes to works of art; a documented provenance for a piece demonstrates that it is not a forgery, it was indeed made by the artist given credit for it. The history of previous owners demonstrates also that the work was not stolen, and that a seller has a good title to convey to a purchaser.
What is a watermark?
A watermark is a recognizable image or pattern in paper that appears lighter when viewed by transmitted light (or darker when viewed by reflected light, atop a dark background). A watermark is made by impressing a water coated metal stamp or dandy roll onto the paper during manufacturing. Watermarks were first introduced in Bologna, Italy in 1282; they have been used by papermakers to identify their product, and also on postage stamps, currency, and other government documents to discourage counterfeiting.
Is a Jeweler considered either a Gemologist or Appraiser?
Not all jewelers are appraisers. Jewelers may quote a price at which to buy your item, but you must understand that that is a conflict of interest. Steer clear of any appraiser who has interest in buying the item he has appraised.
Look for a certified gemologist who is also an appraiser, not only a gemologist. The reason is that a gemologist, trained through the Gemological Institute of America or another recognized institution, may understand the cut, color and clarity of a stone, but they may not have a clear view of its value. The valuation of a stone requires market assessment training through a recognized organization such as the American Society of Appraisers or the International Society of Appraisers.
Is an art appraisal an art authentication?
What is the difference between fair market value and replacement value?
The fair market value is the price at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell and both having knowledge of relevant facts. While the replacement value is the price required to replace a property with a comparable property to satisfy the description or use of the property to be replaced. Extraneous characteristics (similar age, origin, appearance, provenance, & condition, etc.) and anticipated costs are taken into consideration.
I have works of art that have been in my family for generations. Recently, I was offered a sum of money for my things. How can I know if the offer is a fair one?
BEFORE any sale or donation takes place we suggest that you consult a professional personal property appraiser who can provide you with an accurate estimate of the value of your possessions.
Who qualifies as a professional personal property appraiser?
Look for the designation ISA, International Society of Appraisers, ASA, American Society of Appraisers, or AAA, Appraisers Association of America. All three organizations have strict standards, regulations and a Code of Ethics that their members must follow. Please beware of anyone who is not a member of a professional appraisal organization or who lacks professional credentials.