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Discussing Value with a Prospective Art Appraiser - Articles Surfing

Identify what you need to have appraised by providing the following information:

' Artist's first and last name

' Medium such as bronze, painting, or print

' Condition, especially if you are not sure if the item has enough value to warrant an appraisal.

State why you need the appraisal.

The same item can have a different value depending on the purpose of the valuation. Appraisers ask why you need an appraisal document because they want to investigate value for the appropriate market. Imagine that you are buying this item instead of having it appraised. Would you expect to pay the same price for the item at a flea market or at an estate sale as you would in a high-end antique shop or art gallery? Different purposes mandate different markets, which translates to correspondingly different value levels.

Identify the timeframe needed for the appraisal document's completion.

Is this a rush job? If there are 200 items and your moving van will arrive in less than 60 days, this is a rush job. Also, the appraiser may have too many active assignments to meet your desired timeframe. If this is the case, the appraiser may redirect you to someone else who can fit your appraisal into his or her schedule.

Identify if there are special conditions for examining your artworks.

For example, does the appraiser need to bring a ladder? Will the appraiser need to wade into a pool to examine a sculpture? Will the appraiser need to wear washable clothing? While unforeseen events do happen at most appraisal inspections, pre-planning keeps them to a minimum.

Submitted by:

Corinne Cain

Corinne Cain is the principal of Corinne Cain, Ltd, a nationally recognized firm affording expert appraisal and consulting services on Fine Art and Native American Art. Her background includes an MFA and MBA from Southern Methodist University. Ms. Cain is also the proprietor of Savvycollector.com, a nationally known secondary art market dealer.

Copyright Corinne Cain, 2005



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