The Appraisal Process
In general, an appraisal is made by conducting a physical examination/inspection of the object(s), identifying the maker, country of origin, age and stylistic period, preparing a detailed description, conducting the necessary research, analyzing markets, assigning the appropriate value, and preparing a written report.
The appraiser meticulously examines all the items to be included, evaluating their characteristics, recording any distinguishing features, obtaining measurements, documenting condition, noting makersí marks and hallmarks, recording the provenance (when available) and executing any applicable photographs.
Later, the descriptions are finalized, the proper value approach and methodology is determined, and the necessary research is conducted (markets are examined and analyzed, dates verified, comparables located, various data is observed and analyzed). After the research and market analysis, the appropriate value is assigned to each item.
Two written copies of the appraisal are then prepared, and any additional photographs paid for by the client are sent with the final report. An additional copy is retained in our secured files for future reference. ALL client information is strictly confidential.
Appraisal reports are prepared in conformity with and are subject to the report writing standards and requirements set forth in the Code of Ethics and Professional Conduct of the Appraisers Association of America and the International Appraisers Association, and in accordance with the Appraisal Foundationís Uniform Standard of Professional Appraisal Practice.