There are various reasons why you would need your precious artwork collection to be appraised. Whether it’s for tax purposes, estate division or to establish the market value of your fine art collection, you’ll need to seek the services of certified fine and decorative art appraisers near me. But with the many art appraisers in the art industry, how do you select the best certified fine art appraisers? These are the qualities to look for in a certified fine art
1. Accredited by the Recognized Art Appraisal Organizations
Many art appraisers claim to be ‘certified ‘, and you may think every collectible appraiser is certified. However, for art appraisers in Florida to claim the title ‘certified’, they must be recognized by one of the three professional appraisal organizations in the United States. The three institutions are The Appraisers Association of America (AAA), The International Society of Appraisers (ISA), and The American Society of Appraisers (ASA). Official recognition from any of the three art appraisal organizations is what makes art appraisers ‘certified’.
The three organizations set high standards for appraisal practices. For instance, AAA requires appraisers to operate under the Uniform Standards of Professional Appraisal Practice (USPAP). Additionally, an art appraiser must go through 120 hours of art valuation education before they receive a certificate from the AAA. Therefore, you would want to confirm the affiliation of art appraisers to any of the three bodies, before hiring their services.
2. Recommended by Reputable Art Galleries and Wealth Managers
Who are the best people to recommend an art appraiser? Fellow fine art collectors, galleries, and wealth managers fit the bill. You’ll find that the best-certified fine and decorative art appraisers near me in your state, have a reputation that precedes them. Just like you wouldn’t recommend a bad company to the next person, fellow fine art collectors will only refer you to the best certified decorative art appraiser.
How do they know that they’re the best? Of course, because they have used their services before, and can attest to their quality. Today, it’s easier to ascertain the reputation of an art appraiser by reading online reviews from previous customers. Stay clear of an art appraiser with more negative reviews and complaints. Remember, if it quacks like a duck, it must be a duck — a poor art appraiser will not work miracles on your art collectibles.
3. Extensive Experience and Relevant Qualification
The best-certified fine and decorative art appraisers near me should have completed relevant qualification courses such as the Residential & Contents Course (ISA), or Fine Arts Course (ISA). This goes a long way in boosting the credibility of a collectible appraiser. Additionally, you should also consider the years of experience that the art appraiser has in the global art market. Some of your antique fine art collectibles can only be valued by an appraiser who has prior
Because of the sophisticated approaches of valuing antique art, only a seasoned art appraiser may measure up. More so, experienced antique appraisers may have records that they can reference during the valuation of your art collectibles. Some of these records may not be readily accessible to a less-experienced art appraiser. As such, experienced art appraisers are better suited to support their valuations with tangible data, and well-outlined art appraisal procedures. This makes their valuation not only more accurate but also acceptable, and presentable to other institutions such as insurance companies.
With the global art market rising in value each year, the demand for certified art appraisers continue to rise in North America and other parts of the world. As of 2018, the global art industry was valued at over $67 billion, which was a substantial gain in value from the previous year when the international art market was valued at $64 billion. This makes it even more important for you to trust only the best-certified fine and decorative art appraisers near me in your state. The last thing you want is having an inexperienced art appraiser value your art collectibles.