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An Appraisal FairRead the article this discussion is about
This archived discussion is "read only".
» CarolWallace - I sure wish they'd have one of those around here! I have a couple of pieces that I would trot right out to bring with me!I think you're right about painting being the toughest to appraise. But you're also right in that if it's something you enjoy looking at then it doesn't matter that there is no astronomical value attached to it - except that it is good to know for insurance purposes. -- posted by CarolWallace » Fort_Spunky - Fair Hi Barbara,Isn't it fun to find out about something you haven't been able to get to the bottom of? That's how I felt when you helped me learn more about my Fell platter. If this stuff could just talk, we could save a lot of time. LOL If you were trying to sell it (which I know you're not), I wonder if the painting of Havana, Cuba, might have more interest now with Cuba seeming to be in the news a lot lately? Would the insurance price be higher than the auction price, since it would be what you'd have to pay to replace an item? This is always a little confusing to me. Enjoyed the article. Sounds like you had a fun day with your sisters--and you can't put a price on that. (I always wanted a sister. I got brothers, which aren't bad, but I just think it would be fun to have sisters, too.) Linda -- posted by Fort_Spunky » Barbara Nicholson Bell - Re: Fair In response to message posted by Fort_Spunky:Somehow most appraisers won't give the time of day to a "non-listed" artist, so I don't know whether these paintings would sell for much at auction. We grew up with these paintings in the house, and we love them. In some cases, the frames are probably worth more than the art! My sisters and I don't often have schedules that allow us to get together for a whole day, but when we do it is a lot of fun. Most of our adult lives we lived very far apart - now that my mother is gone, we are trying hard to be as close to each other as possible. I always wanted a brother, Linda! -- posted by Barbara Nicholson Bell » antiqueBuck - Appraisal Fairs & Insurance Barbara,Can't use an "appraisal fair" approximation (it's not an appraisal legally) for insurance or tax purposes. It doesn't meet the minimum criteria and your value won't hold if challenged by your insurer or the IRS. You must have these done by a certified appraiser using the standard guidelines of the USPAP in order for it to be useful. "Appraisal" Fairs are fun (I do charity events myself) but they are not valid for any purpose besides your own curiosity. Don't base buying, selling or financial decisions on the values given! Best, Buck Bannister, AOA, CSA -- posted by antiqueBuck » Barbara Nicholson Bell - Re: Appraisal Fairs & Insurance In response to message posted by antiqueBuck:Thanks, Buck! You raise a good point - and appraisals given on TV, which are so popular, are misleading as well. All of the antiques we inherited from my mother were appraised by professionals for purposes of settling the estate. However, the paintings were appraised at minimal value, so we were hoping to learn more about them. -- posted by Barbara Nicholson Bell
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