Antiques, art, and collectibles appraisal expert witness Lisa M. Barnes is co-owner of Thomas Charles Editions, LLC. She describes the professional appraisal process:
An appraiser uses a variety of tools: reference works, online electronic databases, and historical documents; and may consult with additional specialists in the field. Based on the analysis of the research, the appraiser produces an appraisal report detailing the appropriate valuation of your personal property.
It is best to get an appraisal before you need one. You will need an appraisal for:
Considering the purchase of an expensive items such as a painting or antique? An appraisal can assist you in making an informed purchase.
An up-to-date appraisal attached to your will reassures your heirs, lawyers, and accountants and will save you money and assist in avoiding unpleasantness.
A current appraisal is required for many insurance policies covering fine art, silver, decorative arts, and jewelry. An appraisal updated on a regular basis establishes the accurate replacement value of your personal property and protects you from financial losses caused by theft, fire and flood.
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