appraisalreports

Whether successfully managing art as an asset, safeguarding a treasured piece, or valuing fine art, personal property or household items for resale, estate or insurance purposes, it is key to have a properly documented, independent, current and comprehensive appraisal report. With more than thirty years of experience, Helaine Fendelman provides appraisal reports that are compliant with the current Uniform Standards of Professional Appraisal Practice (USPAP). Full catalog descriptions with appropriate comparable price records and images  are available for a variety of appraisal needs.

The firm, Helaine Fendelman & Associates, specializes in Estate, Divorce, Donation, Resale, Family Division and Damage and Loss of Value Appraisals.

Different types of appraisals are required for different purposes. The type of appraisal needed will be discussed upon inquiry. Fees vary by assignment and are charged at hourly, per diem, or flat rate.

Please note that for a number of the following types of appraisal documents, Fair Market Value is used and defined as the sales price for an object wherein neither the buyer nor the seller are under any obligation to buy or sell and they both have willingly reached agreement on the buying/selling price:

  • Art as Collateral Appraisals
    Appraisals are required when art is used as security or a guarantee for repayment of the loan if one defaults on the monies owed.
  • Charitable Contribution or Gift Appraisals
    These appraisals are used when donating art, antiques or collectibles of significant value to verify the Fair Market Value of the item or items to be given to qualifying United States tax exempt organizations such as museums or universities.
  • Damage or Loss of Value Appraisal
    This type of appraisal is used by insurance companies, adjusters or the insured party when valuing a lost, stolen, damaged or destroyed article of personal property. The value establishes what the item was worth in original condition and the value in its present condition.
  • Estate Appraisal
    When a person dies, the Internal Revenue Service (IRS) regulations require that estate appraisals use Fair Market Value to determine the value of the objects owned by the decedent.
  • Family Division Appraisal
    To ensure equitable division of personal property in a divorce situation, estate planning or upon death of a family member, this type of appraisal lists tangible assets and assigns a Fair Market Value at date of examination.
  • Insurance Appraisal
    This is a retail replacement cost analysis of all items of personal property.
  • Resale Appraisal
    When downsizing or liquidating, the appraiser helps the seller establish the Fair Market Value of the items and, usually, assists in determining the appropriate marketplace in which to sell the items.