Thoughts on Appraising your Art

[comicwiz]

And how do you convince your appraiser and insurer that what you feel is a comparable piece to yours (and what value it was sold for) is actually comparable to the piece you have ?

 

You don't convince your appraiser. An accredited appraiser follows standard code of practice and methodology to valuate. The most crucial aspect to certify the report is that an appraiser arrives at the value in an unbiased manner, NOT by way of a specific predetermined value or direction of value.

 

In the event of a loss claim, when you are dealing with an adjuster, it's recommended (although not mandatory) you run the offer through the person that drafted your appraisal report to make sure the comparables being used at that moment in time are reflective of the value for the item.