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An elderly man, after a lifetime of collecting, realizes it may be time to downsize a bit. He has more in his collection than he can possibly give to his children, so he has to think of other options. This is one instance where a profesional appraiser can help. Read on for more about how appraisals can help.
In this post we explore art appraisals' critical role in the context of insurance. Understanding Art Appraisals An art appraisal is a professional evaluation of the monetary value, authenticity, and condition of an artwork. Hiring an accredited and knowledgeable appraiser is the most important step in any appraisal.
So you’ve just inherited your grandmother’s vintage diamond ring, only to find out it’s not covered by your insurance policy because its value wasn’t properly appraised. More often than not, most of them realized the importance of jewelry appraisals later on. What do Jewelry Appraisers Do?
There are a few reasons why getting your jewelry appraised is important. You want to make sure you’re updated on the current value of your collections. At Buckhead Jewelry Appraisers , we recommend updating your appraisals every two to three years , regardless of whether you wear your jewelry often or store it in a safe place.
Maybe you inherited a collection of bracelets from a relative, or you found a few second-hand watches and don’t have the history of what you’ve bought. If you’re not a jewelry expert yourself, you need to get a professional appraisal to put a dollar figure on your most treasured pieces. How much should you insure them for?
Recently I wrote an article for Worthwhile Magazine™ titled “A Consumer’s Guide to Insurance Appraisal Reports: Do You Need One and How to Get One?” In my own appraisal firm, I answer many questions from potential clients who are unsure if they need an insurance appraisal report or what the process is to get one.
Image courtesy of Anubis Appraisal and Estate Services Inc. What is an Appraiser? As defined in The International Society of Appraisers, Core Course in Appraisal Studies 2021 pg. The role of the appraiser is to develop an opinion of value for a specific purpose.
While this quote often captures the inexplicable nature of human desire, it also resonates with the motivations behind collecting. Whether its choosing a potential mate or pursuing a coveted object, the pull of desire remains the same when it comes to collecting. Formal USPAP-compliant appraisals are essential in these cases.
Antique appraisals are a crucial step in understanding the true value of the item in the marketplace. A skilled appraiser carefully studies the history, authenticity, and condition of each item to determine their worth. Unfortunately, finding skilled antique appraisers near you can be a challenge. Examination.
Photo courtesy of Architectural Digest Protecting Your Art Collection from Extreme Weather Events Art collections, whether personal or institutional, represent cultural, historical, and financial investments that require careful protection. Pumpkin by Yayoi Kusama moments before being swept into the sea.
Understanding Jewelry Appraisal Jewelry holds a special place in our hearts, often symbolizing cherished memories, milestones, and sentiments. Whether you're curious about the value of your collection, planning for insurance coverage, or considering selling pieces, understanding how to appraise jewelry is essential.
As partners of the Appraisal Foundation, we adhere to Personal Property Appraiser Qualification Criteria. Qualifying appraisal experience consists of tasks associated with the accomplishment of personal property assignments which result in a USPAP compliant report. As appraisers, we are market researchers.
Written by Kirsten Rabe Smolensky, JD, ISA CAPP As an appraiser, I have worked on a lot of insurance claims , including losses due to fire, theft, transit damage, and flood. Most insurance companies will require an appraisal to insure these items. And, it will often require a professional appraisal of the paintings in advance.
In this blog entry, we’ll discuss whether a person should get their antiques appraised for insurance purposes. Insurance Companies Need a Value Insurance companies typically require a qualified appraisal of valuable personal property, including antiques. Choosing a Reputable and Qualified Appraiser But this is important.
In this blog post, we explore the crucial role of insurance appraisals in safeguarding your art collection, providing insights into why this process is indispensable for every art enthusiast and collector. Accurate Valuation for Adequate Coverage: The art market is dynamic, with values fluctuating over time.
Jewelry appraisals protect your valuable pieces in the event of damage, loss, or theft. Without a proper evaluation of your jewelry’s worth, you can’t get insurance coverage for it. Knowing you need estimated values and understanding the appraiser’s report once it’s available are two different things. That’s simply not true.
Understanding the concept of personal property estate appraisal is vital for anyone dealing with assets, whether it's for buying, selling, or planning an estate. An appraisal, in simple terms, refers to the process of determining the value of a particular item or property. But why is understanding this important?
Jewelry appraisal is a specialized field, and an expert appraiser can provide you with a comprehensive assessment of your jewelry’s worth. In this blog post, we’ll discuss the top reasons why it’s important to have your jewelry appraised, and why you shouldn’t wait. What exactly is Fair Market Value?
The speakers were representatives of various businesses who offer services targeted for this class of clientele and who coordinate getting their appraisal needs met. Western history is a deep passion of his and he began to collect in the area as far back as his college days at the University of Texas in Austin.
A client recently called us to update an insurance appraisal for original Andy Warhol prints. A previous appraisal from two years ago was available, however, the insurance company insisted on a new appraisal. Block ( [link] ), insist on having an updated appraisal for artwork.
Art appraisal is an intricate field often shrouded in misconceptions that can lead collectors and enthusiasts astray. In this blog post, we aim to debunk common myths surrounding art appraisal, shedding light on the realities of this crucial aspect of the art world. Periodic re-appraisals ensure valuations stay current and accurate.
Often the misconception is that only blue-chip collections worth millions of dollars require this kind of specialized protection. However, in truth there is no “minimum value” to mandate insuring one’s treasured valuables and virtually ALL collections can benefit substantially from being insured. What does it exclude ?
As an art appraiser, I understand that navigating the appraisal process can feel overwhelming, especially if you’re new to it. Whether you’re assessing a single piece or an entire collection, I’m here to guide you through the process and ensure it’s as smooth and informative as possible.
Antiques, collectibles, and vintage items can all make beautiful additions to your home decor or help you complete a collection you have been working on for many years, but it is important to understand what you are looking for when you are searching for old items. How Do You Get an Antique Appraisal?
Insurers often do not accept an appraisal from the source of the jewelry sale when scheduling insurance. For the very reason – what jewelry retailer would issue an appraisal at purchase that would present a value less than the purchase price? Wine Collections Due to its organic nature, wine can deteriorate and turn sour.
Some of the most common questions advisors hear from clients about their fine art and collectibles are, “Does my homeowner’s insurance provide coverage for my artwork? A typical homeowner’s insurance policy affords you a little bit of coverage. Do I need a special rider?” And when we say a little, we mean extraordinarily little.
Art Peritus recently sat down with Katja Zigerlig, Vice President, Art, Wine and Collectibles Advisory at Berkley One, a Berkley Company (WRB) to discuss the nuances of collecting and insuring Fine Art. B: Do you discuss this kind of art collection care with your clients? They don’t have the correct credentials.
Tweet By Thomas Dawson, ASA Spotlighting five key areas appraisers need to know to be covered in ASA ’ s upcoming PP163 Property Insurance Fundamentals webinar. In the property insurance industry, appraisers play a vital role, particularly when it comes to claims.
FINE ART APPRAISERS Our staff of experts certify the value of hundreds of pieces of fine art every month. The post Lost Fine Art: ‘Medicine’ by Gustav Klimt appeared first on ValuePros Appraisal Services. As far as we know, all that remains now are preparatory sketches and a few photographs.
Jewelry appraisals consider several factors before assigning a value to a specific piece from your collection. Jewelry made from platinum commands a higher value during jewelry appraisals due to its intrinsic qualities and limited supply. Here’s a breakdown of how gemstones affect jewelry appraisals.
Although trade shows provide a vast collection of diamonds at competitive prices, there are also potential drawbacks. Here are some steps to take to insure your diamond: Get an appraisal : Before you can insure your diamond, you need to know its value. This will help them determine the value of the diamond and the premium for coverage.
I mean the collecting bug. Just about anything you can think of, people collect. These collections are often the most treasured items owned. A collector will often have invested a great deal of time as well as money in obtaining the pieces that comprise the collection. Really, it could be just about anything.
While the programs were all very well attended the evening lecture and follow up appraisal day by Joel Oppenheimer was an event that I was truly looking forward to for a number of reasons. I was very happy when he asked me to act as his assistant while he conducted his appraisals.
Consult with an antique jewelry appraiser about the potential impact before making any significant repairs or alterations. Insurance coverage for jewelry repairs depends on the specific terms and conditions of your insurance policy. However, any valuable piece that’s considered for coverage must first be appraised to record its value.
In gathering information to write this post, I was shocked to discover that anyone can legally present themselves as a personal property appraiser. There is no governmental license, proof of knowledge, or certification required to appraise personal property. An attorney/collector named Ralph F.
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To learn more about our very own locally sourced quartz tone, consider the Q Studio Collection. These ports work from the pooling a portion of per choice on the a collective jackpot, and this keeps growing until they’s claimed. Thursdays aren’t set-aside that have bucks-straight back on the loss to your Insurance coverage Thursday.
Three Insurance Experts Explain the Intricacies of Insuring Your Art Collection I am often asked by clients if they should cover their art under their homeowner’s insurance (HO) or if they should investigate insuring their art with a separate fine art collectors’ policy. I was wrong.
There are many reasons you might need an appraisal of personal property. Your insurance agent has suggested that you need your art or jewelry appraised in order to put them under rider coverage. Your client with the large estate has just died and her personal property must be appraised. But where to begin? What’s USPAP?
This paramount event provides an experience unlike other appraisal conferences, offering timely content for all appraisal professionals spanning Business Valuation, Personal Property, Machinery & Equipment, Real Property, Gems & Jewelry as well as Appraisal Review & Management.
His painting “The White Duck” was part of the Walpole collection, which was exhibited at the country house Houghton Hall. FINE ART APPRAISERS Our staff of experts certify the value of hundreds of pieces of fine art every month. It was stolen from Houghton Hall in 1992 and since then is considered as disappeared.
FINE ART APPRAISERS Our staff of experts certify the value of hundreds of pieces of fine art every month. The post Missing Fine Art: Portrait of Dr. Gachet by Vincent Van Gogh appeared first on ValuePros Appraisal Services.
As an accredited art appraiser, I often hear from clients who arent sure if they need an appraisal for their artwork. Whether you inherited a painting, purchased a piece years ago, or are considering donating to a museum, there are many reasons why an appraisal might be necessary. What Is an Art Appraisal?
Understanding the Difference in Value for Different Jewelry Appraisal Purposes In my daily conversations with clients, I often hear the question, “I want to know how much this diamond ring/watch/bracelet is worth.” My response is always the same: “What do you need the jewelry appraisal for?”
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