How To Get Art Appraised For Insurance

Searching to find an appraiser that is a match in terms of your item s category is time well spent usually resulting in the most accurate appraisal for your art antique or collectible item.

How to get art appraised for insurance. 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. 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. 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. For example insurance value is the retail value or what would it cost today to buy a similar item.

As an art appraiser i examine the work take measurements notes about the condition signature any other physical traits and then photograph the object. Items may be appraised differently according to the intended purpose of the appraisal. Ensure the appraiser knows that the appraisal is for insurance purposes. 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.

These documents include proof of ownership bill of sale provenance a replacement estimate photographs and the most recent appraisal. 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.