Art Appraisals for the Serious Art Collector
Appraising a piece of artwork is one important step, especially if you are building your own art collection. You should take every precaution there is to have your art appraised correctly. If you are new to this kind of trade, it can be difficult on your part. The good part is, there are plenty of resources and professional appraisal organizations who can help you comprehend your appraisal needs.
Importance of an Appraisal
Getting an appraisal of your artwork is highly important, but it is also crucial to have it updated so your insurance coverage on specific art or collections can be up to date. In case you have a claim for loss of your collection, you will need an up to date appraisal for replacement purposes. This is also important if make charitable donations, estate tax or for equitable distribution or for sale.
There are various types of art appraisals, such as replacement value and current market value. You should make sure you know each and their differences in order to get an appraisal that fits your needs. Below you will find some of the most established appraisal associations who can help you with your artwork appraisal needs.
American Society of Appraisers
This organization is for appraisal professionals and other people who may be interested in the business of appraising. The Society has an international status and are very independent & self supportive. They are also the oldest among appraisal organizations and are the only major organization which represents all different disciplines of the appraising industry. The ASA started in 1936 and incorporated in 1952. They are located in Herndon, Virginia.
Appraisers Association of America
In the field of personal property appraisals, this organization is considered to be the oldest non-profit professional organization. They are a recognized authority for determining appraisal standards, settling legal issues and regulating the profession. The Association's certified members can provide you appraisals for your fine art, jewelry and other personal items.
Art Dealers Association of American - Art Appraisals
This association has been in existence for 50 years and their service has been appraising different artwork for tax purposes. Collectors and museums have asked their help in determining the value of many important artworks ranging from contemporary art to old master original paintings. Their appraisals have exceptional acceptance records with the Internal Revenue Service. They are well known for their professional quality.
Chicago Appraisers Association
This particular association is located in Chicago, but they are not just one appraiser with a limited knowledge in the Chicago area alone. They are a team of certified experts who are ready to help you with your appraising needs. If you go to their website, you will find some helpful articles about appraising and some of the most frequently asked questions in this field.
International Society of Appraisers
This society is member driven and a non profit organization to help its' members needs and provide public service to providing ethical, highly qualified and recognized appraisers for the field of personal property appraisals. Their members are prestigious, independent and respected appraisers, estate liquidators, auctioneers consultants, dealers and gallery owners.
If you are looking for a reputable appraiser for your artwork, contact the organizations listed above.
Authorized Dealers
