the appraisal EXPERIENCE

 
 

An appraisal is an opinion of value. There are different types of value, and the type of value concluded by the appraiser depends on the intended use of the report.  

All of our appraisals are prepared in conformance with the Principles of Appraisal Practice and Code of Ethics of the American Society of Appraisers (ASA) and the Uniform Standards of Professional Appraisal Practice (USPAP), promulgated by the Appraisal Standards Board of The Appraisal Foundation.  We are qualified appraisers, as required by the Internal Revenue Service for all appraisals involving taxes. 

 
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Reasons for an appraisal

 

  • Charitable Contribution

  • Estate / Inheritance Taxes

  • Insurance Coverage

  • Damage + Loss Claims

  • Divorce

  • Equitable Distribution

 
 
 
 

The appraisal process


INITIAL CONSULTATION
Elizabeth will talk with the client to establish what type of property is in question, what type of appraisal is needed, a timeframe for the project and any relevant history and factual information. 

ON-SITE INSPECTION
We will come to examine the property(ies), photograph and measure, and document everything.  If you have any relevant documentation (sales information, past appraisals, or provenance information) please provide these at this time.

RESEARCH + REPORT WRITING
The meat of the appraisal development is in the research.  We conduct exhaustive research using databases, literature, auction records, experts and catalogs to pull comparable sales for analysis and determine a value conclusion. The research and value conclusion is complied into a detailed report.

REPORT TRANSMISSION
The appraisal report and any relevant IRS forms (when applicable) will be provided to the client. 

 
 
 



Fee Structure


Appraisal fees are based strictly on the number of hours worked and have no relation to the value of the art appraised. Please contact Elizabeth Lovett for more information about fees.

 
 
 

American Society of Appraisers

 
 
 

The American Society of Appraisers is a multi-discipline, non-profit, international organization of professional appraisers representing all appraisal disciplines: Appraisal Review and Management, Business Valuation, Gems and Jewelry, Machinery and Technical Specialties, Personal Property and Real Property. Our mission is to foster the public trust of our members and the appraisal profession through compliance with the highest levels of ethical and professional standards. Accreditation in the organization is a rigorous process that requires 4,000 hours of experience, peer review and examination.