Appretium LLC is an independent, full service personal property appraisal firm specializing in the valuation of fine and decorative art, antiques and residential contents. Appraisal reports are written in full compliance with
the guidelines set forth by the Internal Revenue Service (IRS) Treasury Regulations 1.170A-13(c)(3) and 1.170A-13(c)(5), which define a “qualified appraiser” and “qualified appraisal” and IRS Publication 561, Determining the Value of Donated Property
the standards set forth in the Code of Ethics of the Appraisers Association of America, and the Elements Required for a Correctly Prepared Appraisal
the standards as defined by the Appraisal Standards Board (ASB) of The Appraisal Foundation (TAF), as outlined in The Uniform Standards of Professional Appraisal Practice (USPAP). The Appraisal Foundation is authorized by Congress as the source of appraisal standards and appraiser qualifications.
Appraisal reports exceed the requirements set forth by, insurance companies, banks, estate planners and attorneys for the purpose of
gift tax
non-cash charitable donation
estate tax filing/probate
equitable distribution – estate planning
equitable distribution - dissolution of marriage
insurance scheduling
insurance claim/diminution in value
art financing/collateral loan
market research/marketability
The fee for an appraisal is based on the amount of time spent on site, time required for research and report production. Fees are based on an hourly rate (with a minimum) or daily rate and are established once the scope of the appraisal is defined, including the quantity and types of objects to be appraised. If appropriate, an on-site inspection can be arranged to better assess the scope of work.
