How To Get Art Appraised For Insurance

Our uspap compliant appraisers assess market value of an artwork by comparing it to similar artworks by the same or similar artists at auction.

How to get art appraised for insurance.

Next they factor in the condition of the artwork to determine a fair market value this is a minimum and maximum figure in usd that the artwork is likely to fetch at auction. This involves getting your art appraised on a fairly regular basis from once a year to every few years depending on the nature of the work because the value of art can appreciate over time. Looking at the back of two dimensional works is as important as looking at the front since there are often gallery stickers or identifying features that are extremely useful. Ensure the appraiser knows that the appraisal is for insurance purposes.

You should be able to readily find this information on an appraiser s website. The appraisal should contain contact information for the appraiser a conflict of interest disclaimer and also a statement of how the appraised value was determined. The first step to insuring your art collection is putting together provenance or all the necessary documentation to prove that the work of art is yours and what it s currently worth. Items may be appraised differently according to the intended purpose of the appraisal.

The appraiser should have experience appraising art be qualified to appraise art and have no conflicts of interest regarding the particular work of art that s been appraised. As an art appraiser i examine the work take measurements notes about the condition signature any other physical traits and then photograph the object.