How can a single artwork have multiple values?
In this video, certified appraiser Jennifer Stoots illustrates how a single work of art can have different values, depending on the purpose of the appraisal and the needs of the client.
The art of appraising demystified.
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Jennifer Stoots, AAA
Certified photography & art appraiser, accredited by the Appraisers Association of America, specializing in
Photography & Photographic Archives ♦ Northwest Art ♦ Contemporary Art
with resources available to assist with the appraisal of:
Fine Craft and ceramics, Early American painting, Master Prints, and traditional Native American arts & crafts, among other specialty areas.
Project quotes are based on the type of appraisal, the number of artworks to be appraised (& by how many artists), and documentation available (e.g., past invoices).
Appraisals are considered proprietary, such that your information, the information you provide and the appraisal results are confidential.
Insurance appraisals are important to have if:
- you need to schedule artwork on your homeowners, renters, or marine policy
- you are going to be moving, shipping artwork, or loaning pieces for an exhibition
- you’re in the process of estate planning
Donation & Estate appraisals for the IRS* are required when:
- you have donated artwork(s) worth more than a total value of $5,000 to a museum or institution and need an appraisal in order to claim the tax credit for the charitable gift
- a family member or friend has died and a full accounting of assets has to be reported to the IRS as part of the Estate’s filing
*Appraisals are IRS compliant and my USPAP credential is currently valid through September 12, 2026.
Divorce & Dissolution appraisals are needed when:
- a couple decides to divorce and needs to know the value of mutually owned property, to ensure that each person is compensated equitably
- a business closes and has to sell off artwork bought for the office
Damage or Loss appraisals are essential when:
- artwork is damaged and the insurance provider needs an objective loss in value in order to properly compensate the policy holder (collector or creator)
- artwork has been lost or destroyed (e.g., fire or theft) and there is no current appraisal on file
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