Appraisals

 

Appraisal Services

All appraisals conform to the professional guidelines of Uniform Standards of Professional Appraisal Practice (USPAP), The Code of Ethics of the Appraisers Association of America, Inc. and The Internal Revenue Service*.

  • Insurance

    When you need to secure insurance for part or all of your collection, we provide appraisals that protect the value of your works and are recognized by major insurance companies.

  • Damage & Loss

    As the preferred vendor for a number of national and international insurance providers, we are experts in assessing, appraising, and offering advice for any damage or loss within your collection.

  • Estate Planning + Appraisals

    We will assist you and your family with preliminary financial planning for future decisions regarding your collection and provide timely estate tax appraisals that meet IRS guidelines.

Painting for Appraisal

Additional Appraisal Services

Art Peritus is pleased to offer a wide range of appraisals designed to meet all of our clients’ unique needs.

Charitable Donation + Gift Tax

We assist our clients with requirements to provide appraisals for tax purposes in the event of a charitable donation or gift tax. All of our appraisals meet strict IRS guidelines.

Marital + Equitable Distribution

Our appraisals can serve as a helpful and evaluative guide in making decisions about how to address the scope and value of your collection for an equitable division of property.

Expert Testimony

Our firm is poised to offer expert reports and expert testimony in situations that must be litigated in the court of law. Our market knowledge and expertise are nationally recognized.

Appraisal Review

We offer our clients reviews of previous appraisals in order to assess validity, accuracy, and adherence to standard USPAP and IRS guidelines for legal, insurance, and tax purposes.

Liquidation, Bankruptcy + Collateral

In the current art market, where art is often used as collateral, we are uniquely poised to offer appraisals and advice that is an accurate and up-to-the-minute reflection of value.

Blockage Discount

In situations where there is a high volume of similar pieces, we advise on a careful dispersion of property and consider both collective and individual values in our appraisal.

Our Valuations

We prepare our appraisals according to the needs of the client, most often using the following values:

  • Replacement Value

    The amount it would cost to replace an item with one of similar and like quality purchased in the most appropriate marketplace within a limited amount of time. This is a value that is applied to insurance policies, and is the highest valuation figure for personal property.

  • Fair Market Value

    According to the IRS, Fair Market Value is the price that property would sell for on the open market between a willing buyer and a willing seller, with neither being required to act, and both having reasonable knowledge of the relevant facts. This is the value that is accepted by the IRS for estate tax liabilities, as well as charitable gift donation appraisals.

  • Marketable Cash Value

    The value realized, net of expenses, by a willing seller disposing of property in a competitive and open market to a willing buyer, both being reasonably knowledge-able of all relevant facts, and neither being under constraint to buy or sell. Marketable cash value is used in equitable distribution situations, when tangible property may be exchanged for cash or other financial products.

Antique Appraisals

The IRS link does not imply a relationship to, or recognition, approval or sanction of this appraiser by the IRS; rather, the link is simply provided as a convenience mechanism for the taxpayer's ease of reference. Furthermore, there is no marketing relationship between this appraiser and the Internal Revenue Service.