This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Or you’ve been diligently collecting rare gemstones over the years, only to face skepticism from your insurance provider about their true worth without a certified jewelry appraisal. These scenarios reflect the all-too-common struggles encountered in jewelry valuation. What do Jewelry Appraisers Do?
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. Below that number, you can do the valuation yourself, but may have greater peace of mind if you hire an appraiser.
By Ray Nugent Fine Art Insurers require more frequent valuation updates for Fine Art items than other less dynamic markets. Insurers are keenly aware of this phenomenon and therefore, require regular valuations updates, typically, every 2-3 years. Wine Collections Due to its organic nature, wine can deteriorate and turn sour.
You want to make sure you’re updated on the current value of your collections. Valuation 5. Collect relevant documentation about your valuables. Organize your jewelry collection. Accurate Valuation You’re probably aware of it, but the value of jewelry can honestly fluctuate dramatically. Photographs of jewelry 3.
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.
GL-1, an appraiser is “one who is expected to perform valuation services competently and in a manner that is independent, impartial, and objective.” As a personal property appraiser, my role encompasses tangible property including fine art, antiques, furniture, and collectibles. After the inspection starts the valuation process.
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 ?
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. The goal of an appraisal is to be as objective as possible, so that a well-informed jewelry expert can tell you with reasonable certainty what your collection is worth.
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.
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? These types of valuations are not accepted.
Whether you need a quick valuation for possible re-sale of your items, or you are looking for a more in-depth assessment for insurance or estate planning purposes, discovering a professional nearby is crucial. Reasons to Seek and Antique Appraisal There are various reasons that someone might need or want an appraisal: Insurance coverage.
Collecting trends and changes in taste have had a major impact on everything from antique furniture to folk art. For example, in the last fifteen years, some antique Victorian furniture has experienced a reduction in both value and desirability. Market fluctuations and rarity can have a big impact on antiques and collectibles.
Appraisals are essential for artworks of all values, including family heirlooms, sentimental pieces, and collections of varying worth. Understanding an artwork’s value aids in insurance coverage, estate planning, and equitable distribution. Periodic re-appraisals ensure valuations stay current and accurate.
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. If you’re seeking insurance coverage, the valuation may focus on replacement value. Can the artwork be accessed for inspection?
These could include anything from furniture and jewelry to collectibles and antiques. This could be anything from your grandma's vintage ring to your collection of rare books. This could be your car, furniture, jewelry, artwork, or even your collection of stamps. But why is understanding this important? So, how does it work?
Without a proper evaluation of your jewelry’s worth, you can’t get insurance coverage for it. These generic estimates lack the in-depth analysis necessary for accurate valuation. The value of jewelry is influenced by a combination of factors that collectively determine its worth in the market. Appraisals signify authenticity.
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.
ASA International Conference is the leading event for the global valuation profession. He has over 30 years of experience in valuation, ethics, diversity, equity, and inclusion. With nearly 50 years of collecting, teaching, and lecturing, consulting, and appraising Native American basket, Ms.
Your insurance agent has suggested that you need your art or jewelry appraised in order to put them under rider coverage. Your client has a large collection of art and wishes to include the art in a trust for his heirs. The standards include the need for the appraiser to have no financial interest in the outcome of the valuation.
click to expand) Prop Culture: A Dynamic Collecting Market Continues to Grow There was once a time when pivotal props from even the biggest blockbuster movies were often cast aside and forgotten after filming wrapped. This prop came from the collection of Planet Hollywood in Las Vegas.
This guide will help you determine if your artwork needs a professional valuation and why it matters. As an appraiser, my role is to provide an unbiased, well-researched valuation tailored to your specific needs, whether for insurance, estate planning, donation, or sale. What Is an Art Appraisal?
This valuation is commonly used for insurance purposes and reflects the cost of purchasing a similar item from a retail jeweler, considering materials, craftsmanship, and retail markups. Higher Valuation : Includes retail markups, overhead costs, and the jeweler’s profit margin.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content