The Value of an Appraisal
UNDERSTANDING THE APPRAISAL PROCESS AND STANDARDS OF PRACTICE
Your works of art, antiques, and collectibles have an aesthetic and personal value which cannot be quantified. They also have a financial value and understanding that value accurately is important for you as a collector. Understanding the appraisal process and what type of appraisal best serves your needs is an essential first step. With a little preparation, you can be assured of an accurate and useful appraisal of your collection.
WHAT IS AN APPRAISAL?
An appraisal is actually an opinion of the value—prepared by a qualified appraiser after thorough research and documentation and with clear support of the information that led to the valuation opinion. Appraisals of fine art are used for many purposes such as insurance coverage and damage or loss claims, decisions about purchases or sales, for charitable contributions, financial planning, estate tax, equitable distribution, or legal disputes. A qualified appraisal of your fine art collection provides you with an understanding of the value of your works by providing a clear, independent and opinion of their value.
WHO WE ARE. WHAT WE DO.
For over 20 years, Megan Fox Kelly Art Advisory has been trusted to provide certified appraisals for many of the most prominent private collectors, museums, and foundations in the U.S. and Europe. We have appraised the estates of some of the most important American artists of the 20th century. A Certified Member of the Appraisers Association of America, Megan specializes in Post-War and Contemporary Art, American Art, and 19th and 20th century European and American art. Withher unique perspective and engagement both as art advisor and appraiser, Megan uses expertise and understanding of the market to provide clients with unparalleled data and analysis that inform her valuations . Senior Advisor, Elizabeth Beaman brings over 20 years of auction experience and expertise in American and 20th century art to her appraisals.
Together the team at Megan Fox Kelly Art Advisory provides timely, thorough, and accurate appraisal reports.
REQUEST OUR APPRAISAL GUIDE AND FORMS
We have created a informative guide which explains the various types of appraisals and how they can be used by collectors, their attorneys and financial advisors. Our guide outlines the appraisal process for start to finish so that you can understand clearly what to expect.
Given current conditions due to the global pandemic, on-site appraisal inspections are neither practical nor feasible. We have organized a process for conducting remote or ‘desktop’ appraisals which comply with the USPAP and IRS standards so that we can continue to provide appraisals for our clients during this time.
Please contact us for our appraisal guide and forms to begin your appraisal by emailing us at info@meganfoxkelly.com. We look forward to working with you.