Fine Art Appraisals & Advisory Service
We specialize in appraising fine art, art glass, sculptures, pottery, and collectables.
Located in West Bloomfield, Michigan. Serving Oakland County Michigan and the Greater Detroit area. 248-539-0262
Art Leaders Gallery Appraiser:
A senior appraiser with over 20 years experience and extensive qualifications in education, accreditation, experience, and professional recognition conducts all Art Leaders Gallery evaluation services. Our appraiser offers the deepest knowledge and follows a rigorous program of professional involvement. She stays attuned to changes in the art market, sales at regional and international auctions and galleries, and new legislation involving the arts. Well recognized within the art community, she regularly lectures, publishes articles, and provides interviews on art and appraisal related topics. Art Leaders Gallery creates comprehensive reports that meet every insurance company requirement. In providing sound reports, our appraiser works with a network of internationally recognized specialists. This ensures the highest level of accuracy while minimizing intrusion to maintain privacy and security for our clientele.
- Art Leaders Gallery provides a complete descriptive report with photos for all appraisals based on expert evaluations, database research, and historical dating.
- Appraisals are independent, objective reports based on knowledge, research, market analysis and accepted principle of valuation.
- All appraisals are prepared in compliance with the standards set forth by the Uniform Standards of Professional Appraisal Practice (USPAP).
- Donation appraisals meet the relevant requirements of Internal Revenue Regulations and the requirements of IRS Revenue Procedures. We can provide tax paperwork and documentation for your accountant for tax purposes.
Contact gallery for more information on having your artwork appraised.
Art Leaders Gallery charges $200.00 per hour while completing an appraisal. If the appraisal is completed in less than one hour, the rate of charge will be reduced to reflect so. The appraisal cost includes two full color copies of the completed report. Consultations are typically conducted within the gallery or through email with the aforementioned profile sheets. If a client prefers to have the appraiser come to the artwork site, an additional travel charge may be assessed. Please Note: Many insurance companies require an updated appraisal every five years, which can become quite costly for collectors. Art Leaders Gallery can update your appraisal for a lower cost to returning clients.
Fair Market Value (FMV)
Fair market value is the price artwork would sell for on the open market between parties with knowledge of the relevant facts. If there is a restriction on donated art, the FMV will reflect this restriction. FMV is the appraisal value that usually applies to charitable donations and estate values.
Replacement Value (RV)
Replacement value is the cost of replacing the item based on damage, theft, etc. RV is determined by comparing the work to another piece with similar qualities purchased in the most appropriate marketplace in a limited amount of time. This is the highest of the appraised values and is applied primarily to insurance coverage.
Market Value (MV)
Market value is the value realized with net expenses, by a willing seller of property in a competitive and open market to a willing buyer. In market value there is no constraint to buy or sell and both parties are knowledgeable.
Liquidation Value (LV)
Liquidation value is the value realized in a sale situation under forced-on, limiting conditions and some time constraints.
Condition of Artwork
The condition of the artwork plays an important roll in the value of your work. If the artwork was not framed with museum quality products, this will affect the condition of the piece. Foxing and fading will occur if the artwork is not framed properly.
Conservation framing is an important form of insurance for maintaining artwork. If the work you are framing is an original, irreplaceable, limited edition, or an original work of art, it should be framed using conservation materials and techniques. The cost for conservation framing is marginal and certainly well worth it! Art Leaders Gallery has a custom framing department with certified framing designers to perfect your preservation.