Appraisals & Valuations

The Art of Appraisal

Appraisers are independent, objective experts who are capable of accurately determining and substantiating an asset’s value.

Art Peritus is considered to be one of the industry’s foremost appraisal authorities.

Professional Certification

In the realm of self-regulated appraisal practices, Art Peritus stands out for its commitment to rigorous standards. Our appraisers and internal staff maintain compliance with the Uniform Standards of Professional Appraisal Practice (USPAP), and a considerable number of our specialists hold certifications from the Appraisers Association of America (AAA) and other organizations. The meticulous oversight of our dedicated account managers ensures that the requisite level of certification required for each appraisal need is met.

Scope of
Knowledge

Art Peritus prides itself on operating a comprehensive global network of seasoned professional appraisers who possess expert knowledge across a diverse spectrum of collecting categories. From fine art and wine to watches and rugs & tapestries, our network's breadth of expertise ensures accurate and insightful valuations for every appraisal need.

Specialization

Within the realm of appraisers, there exist specialists with in-depth expertise in specific areas and generalists with extensive, broad-ranging knowledge. At Art Peritus, our team exclusively consists of trained and certified specialists. However, recognizing the practicalities of certain projects, we strategically deploy capable generalists, including our account managers for on-site inspections to optimize efficiency and reduce client costs.

Advocacy

In essence, appraisers champion not only the truth but also the art assets they evaluate. As seasoned experts, the role of Art Peritus involves providing insightful consultation on authenticity without formally certifying it. Our focus is uniquely dedicated to advocating for the artwork or objects integrity and ensuring a thorough understanding of its inherent value.

Additional Appraisal Services

Our matchless client service and expertise ensure that our clients, their attorneys and their advisors have accurate information for estate planning discussions, fair distribution, tax planning, and compliance. This contributes to successful estate plan execution and protection of clients' luxury assets. Art Peritus appraisers determine the Fair Market Value of all tangible assets, providing fully illustrated, thoroughly researched, USPAP and IRS compliant appraisals. This ensures estate plans are based on reliable and up-to-date information that reflect true fair market conditions. To optimize our work in the clients' best interest, an appraisal threshold may be set to accommodate cost and timing considerations, once the full scope of work and client needs are known.
During the estate planning process, Art Peritus is heavily relied upon by our clients and their trust and estate attorneys to provide a Fair Market Value appraisal creating a meticulous inventory that values the art and tangible assets they hold dear. This process ensures a clear record of all valuables held within the estate and is essential for probate and estate administration. In the allocation of assets among heirs or beneficiaries, trust and estate attorneys rely on our appraisals to guarantee a fair division. Our precise valuations are indispensable for achieving an equitable distribution aligned with the deceased's wishes or legal requirements.
The specific threshold for estate taxation varies by jurisdiction; however, engaging with Art Peritus ensures that the valuation report we provide meets the necessary standards for tax purposes, minimizing the risk of penalties and audits while ensuring compliance. Our appraisals play a crucial role in the fair and equitable division of estate assets among heirs, preventing disparities and potential disputes. The Art Peritus team, consisting of specialized appraisers, pledges that our appraisal reports meet the rigorous standards set by the IRS. We collaborate closely with executors and trust and estate attorneys, providing defensible appraisals that are thoroughly researched, and include the required comparables, and market analysis for IRS tax filing on behalf of our clients' art holdings.
Step-Up in Basis involves adjusting the value of appreciated assets, such as art, jewelry, vintage autos, or collectibles, for tax purposes upon inheritance. This adjustment, or 'step-up,' sets the cost basis to the Fair Market Value at the time of the decedent's death, aiming to minimize potential future capital gains tax if the asset is sold. Art Peritus appraisers specialize in providing Step-Up in Basis appraisals that fully comply with IRS standards, facilitating potential capital gains savings when it is necessary to adjust the assets to their fair market value at the time of the decedent's death.

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.

Appraisals &
Valuations

The Art of Appraisal

Professional Certification

Scope of
Knowledge

Specialization

Advocacy

Additional Appraisal Services

Testimonials

Consult a Specialist

TEL:

TEL:

EMAIL:

Newsletter Sign-Up

EMAIL:

SOCIAL:

Newsletter Sign-Up

Appraisals &Valuations

The Art of Appraisal

Professional Certification

Scope ofKnowledge

Specialization

Advocacy

Additional Appraisal Services

Insurance Coverage & Claims

Estate Planning & Taxation

Charitable Donation

Marital & Family Division

Art-Backed Collateral

Appraisal Review

Expert Testimony

Blockage Discount

Testimonials

Consult a Specialist

TEL:

TEL:

EMAIL:

SOCIAL:

Newsletter Sign-Up

EMAIL:

SOCIAL:

Newsletter Sign-Up

Appraisals &
Valuations

Professional Certification

Scope of
Knowledge