Safe With Appraisals
Appraising an artwork is one important step
Safe With Appraisals
especially if you are building a collection.
Thus, you should
take every precaution there is to appraise your art correctly. If you are new to this kind of trade, it
can be really hard on your part. The good thing is, there are resources and appraisal organizations that
can help you comprehend appraisal needs that you have.
Importance Of Appraisal
Not only is having an appraisal important,
but also updating it is crucial,
so that your insurance
coverage on specific artworks or collections can be updated.
You are usually obliged to have a current art
appraisal, if your art has insurance claims, charitable donations, estate tax, is for equitable
distribution or for sale.
There are various kinds of art appraisals,
such as replacement value and current value.
However, you
should make sure that you know each and their differences in order
to get appraisals that would fit
your needs. Here are some of the most established appraisal associations that can help you out with your
artwork appraisal needs.
American Society Of Appraisers (ASA)
Safe With Appraisals
This is an organization for appraisal professionals and other people
who may be interested in the
profession of appraising. They have an international status, and are very independent and self-supportive.
They’re also the oldest among appraisal orgs and the only
major organization that represents all different
disciplines of the appraising industry.
They started back in 1936 and became incorporated in 1952. You can
find ASA’s headquarters in Washington, D.C.
Appraisal Foundation (AF)
This foundation is a not-for-profit educational group that is dedicated
for the development of professional
valuation. It was established back in 1987.
Since the foundation started, they
have worked hard to promote
professionalism in field.
Appraisers Association Of America (AAA) Safe With Appraisals
Thus, you should
For the field of personal property appraisal,
this is considered to be the oldest non-profit professional
organization.
They’re a recognized authority for determining appraisal standards, setting legal issues
and regulating the profession.
Their certified members can provide you appraisals for your decorative and
fine arts, jewelry,
and other household contents.
Art Dealers Association Of America Art Appraisals (ADAA) Safe With Appraisals
This association has been existing for more than fort-five years already.
Their service has been
appraising different artworks for tax purposes.
A lot of collectors and museums have asked their help in
determining the value of many important artworks,
ranging from contemporary art installations to old
master paintings. Their appraisals have exceptional acceptance records with the IRS.
They’re also well-known because of their professional quality.
Chicago Appraisers Association (CAA) Safe With Appraisals
Don’t be fooled by their association’s name.
They’re not just one appraiser with a limited knowledge in a
single area, specifically Chicago; instead, they’re one whole team of
certified experts that are ready to
help you with your appraising needs. If you checkout their website, you can find some helpful articles on
appraising and some of the frequently asked questions in the field, answered.
The International Society of Appraisers (ISA) Safe With Appraisals
This member-driven and non-profit association was
formed to help its member’s needs and provide public
service by making ethical, highly qualified, recognized appraisers for the field of personal
property appraisals. They have a lot of prestigious members who are independent and respected appraisers,
estate liquidators, auctioneers, consultants, dealers and gallery owners.
So, if you want to make sure that you’re getting the right appraisal
for your artwork at hand, then try asking for
help from such credited institutions!
