Video Transcriptions

Appraisal Qualifications 

Hello, my name is Kelly Knoll. I am the President and CEO of Heritage Appraisals.

The video today is a quick discussion on some of the different appraisal organizations, qualifications, and accreditations that are out there that you should be made aware of since you are looking for a qualified appraiser. Now, any appraiser that you call should be affiliated or organize or have gone through some sort of education with some sort of an appraisal organization such as the International Society of Appraisers, the Appraisers Association of America, and there are a handful of others, just an organization that you can go to their website and verify that the appraiser is indeed affiliated with them and that they are of course a reputable organization.

The second, and all appraisers, even ones that are in the real estate industry, which we are completely different, but we all go through an ethical standards training every two years, and that is called USPAP which is short for Uniform Standards of Professional Appraisal Practice. All appraisers must have this qualification. There are different variances on memberships, accredited memberships, certified memberships, which is in detail on our website and when you call we can discuss this further. We just want to insure that when you are looking for an appraiser, it is one of those unregulated fields out there, so you want to be sure that you get the very best appraiser to fit your appraisal needs.

Again, our office number here is (248)722-4319. We look forward to assisting you with your appraisal needs and have a wonderful day.

Specialties and Qualifications

 Hello, my name is Kelly Knoll. I am the president and CEO of Heritage Appraisals.

Our video today is to discuss what we specialize in, what we appraise and our accreditations. Now, first and foremost, all of our staff are either members, accredited members or certified members with the International Society of Appraisers and we are all USPAP certified. If you have not watched our video on accreditations, please do so.

Our specialties are primarily fine art, decorative art, sculpture, art glass, jewelry, antiques, silver, china, firearms, and collectibles, but we will consider all appraisals. If we are unable to assist you, we will try to refer you to a qualified appraiser that can.

So please give our office a call at (248) 722-4319 to discuss your situation in depth, and we truly look forward to helping you with all of your appraisal needs.

Thank you and have a wonderful day.

Appraisal Fees

Hello, my name is Kelly Knoll. I am the president and CEO of Heritage Appraisals.

Today’s video is about appraisal fees. Generally, all appraisers work the same, but you may find some slight variances as you call around in regard to the minimum billable hours. All appraisers typically charge one-hundred-fifty dollars an hour. These fees are broken down into a multitude of categories, and when you do call, we will discuss, prior to anything, the process we need to take for your individual needs.

The very first part of the process is what is called the on-sight inspection. Those fees normally are one to two billable hours or one-hundred-fifty dollars to three-hundred dollars, unless you are at a far distance, out of state or have a vast amount of items within the collection. From that point, we will come back to the office and create a proposal based on what we looked at and let you know, prior to moving forward, what pieces we are going to be appraising, how long the appraisal is going to take and the total fees involved. So you are completely knowledgeable prior to moving forward of what everything will cost. Those hours are based on the amount of time we are going to need to research the items, write the report, and of course the printing, binding, and shipping of the report itself. So we can talk about this more in detail. We should be able to give you some pretty thorough information prior to booking an appointment.

So please give our office a call at (248) 722-4319 for your free telephone consultation. We truly look forward to helping you with all of your appraisal needs.

Thank you and have a wonderful day.

Item(s) Email Submission

Hello, my name is Kelly Knoll. I am the president and CEO of Heritage Appraisals.

This video today is covering one of our most frequently asked questions, and that is, “I am not sure if my item is worth appraising, will you take a peek at it and what do you charge?”

We are more than happy to look at anybody’s item complimentary via an email photographs. So let me give you a list of different angles and things that we would need in order to make a proper assessment.  Our email address is listed on our contact page, but just so you have it, is heritageappraisalsmi@yahoo.com, again, that is heritageappraisalsmi@yahoo.com.

The list of items that we would need would be high quality; it cannot be blurry, but as high quality as possible photographs of the full front of the item. Especially if it is artwork, you will want to include the frame. In many cases the frame can outweigh the value of the artwork, so very good photographs of the full front. The full back of the item, and again if this is artwork, it is very important because that tells us condition issues, age, things of that nature. If it is a piece of furniture or any other item, try to do more of a three-dimensional angle, because that will give us a full assessment of the entire piece. I will need photographs of the signature, logos or any labels that may be on the item. Even if they are deteriorated, try to get a good shot of those, just so we can take a peek. We are going to want the dimensions, the height, the width and the depth.  If you have any original documentation in regard to receipts or certificate of authenticity or anything, please scan and include those in the email. Any provenance of the items, even if it is as little as “I inherited this from my grandmother, she came from France,” any information can be very helpful in the end. So make sure to include all of that. In the email, because we do receive so many emails within a day, and if we do decide to move forward, whether it is booking an on-sight inspection or whatever the case may be, please leave in the email the legal names, address, telephone number and email address you would want cited on the potential invoice and report. Just so we have it all together.

So those are the main things that we will need. Please feel free to give us a call. Our best telephone number here is at (248) 722-4319, and we can of course answer all of your questions more in depth and we are happy to assist. We look forward to working with you. Thanks a lot.

Types of Values and Reports

Hello, my name is Kelly Knoll. I am the president and CEO of Heritage Appraisals.

Today’s video is to discuss a little bit about the different types of values and appraisal reports available. Now the very first thing that we are going to ask is to give our office a call at (248)722-4319 and what we will discuss at that time is the need for your appraisal. The need is what determines what type of value and what type of an appraisal report is going to be used. All of this information is available  in depth on our F&Q page, but to give you a quick overview of some of the more used and popular values and reports. First and foremost is the insurance coverage, insurance claims, moving coverage type of report. This report cites replacement cost. Replacement cost typically has a little bit of cushion or inflation on top of the value to cover the longevity of an insurance policy plan.  Most insurance company plans are good between five and ten years. You may want to call you particular insurance company to be very knowledgeable prior to calling us of what they require, but generally it is so you know if something happens four years from now, you know you are still pretty much well covered and should not be under insured, unless something significant has happened in the market place within that time period.

The second and also very popular value is what is called fair market value. That value is a more current, true, list for, sell for value on the market within about a twelve month time period. This is also an un-distressed value, so if you need to sell something quickly, this does not apply to you. This value is used more for general resale function, IRS charitable contributions and things of that nature.

The other values that are out there, like market value, liquidation value and things like that will need to be discussed in depth further over the phone. So please give us a call at (248)722-4319 and we will be happy to answer all of your questions and insure that you are completely made aware of all of the options out there to you.

Thank you and have a wonderful day.

Do You Buy or Sell Items

Hello, my name is Kelly Knoll. I am the president and CEO of Heritage Appraisals.

This video today is to discuss one of our most frequently asked questions which is “do you buy or sell our items.” We get this question quite frequently, especially when a client calls us for a resale function appraisal.

Our appraisal firm strictly focuses on formal appraisal services. We do not buy or sell due to the conflict of interest. We are not an auction house or gallery, but with that said, we do try to give our clients the best customer service as possible. So while we are conducting the appraisal, we are looking at and can compile a list of good, reputable auction houses, brokerage firms, consignment shops and different dealers that we feel fit the best to help you possibly sell your items. They would have the best track record with that particular style of work, artist and antique, whatever the piece may be. We will supply you with a list of dealers at the completion of the appraisal. At that point, you can contact them directly and ask how they work, and pick and choose whoever suites you best.

So please give us a call at the office here at (248)722-4319. We will discuss these items more in depth if need be, but although we do not buy or sell, we are more than happy to assist you as best as possible.

Thank you and have a wonderful day.

Originals versus Limited Editions

Hello, my name is Kelly Knoll. I am the president and CEO of Heritage Appraisals.

Today’s video is just to discuss a little bit about the different types of artworks out there. What I am referring to is original artwork versus limited editions versus open editions.  So this happens quite often where a client may call and say that they have an original painting, but once we view the piece we find out that it is some form of a print. So I just want to talk a little bit about some of the different characteristics of the three versions so that you may identify a little bit easier of what it is that you may have.

The very first is an original artwork. If this is lets say a painting, it is 100% painted from start to finish by the artist. If it is a sculpture, it is molded from start to finish and it is the very first rendering of that piece. In most cases, it is the only one out there and it is a one of a kind, but many artists, noted and up and coming, are producing editions of an original. So, you may have the original, but you may see the identical image out there and that is what we call a limited edition or open edition print.  Although you may have the original, it is not necessarily the only one or a one of a kind.

A limited-edition print has a small run of prints, so that may be 50, it may be 500 or it could even be as many as a 1000, but it is limited. There is a set amount of how many will be produced and it typically comes with some sort of certificate of authenticity, citing how many were produced and the publisher and things of that nature. Limited editions generally are created on higher quality materials and higher quality inks. They are as good as the artist can produce to give a good longevity to the piece and they are a bit more expensive to purchase than the open editions, but not quite as expensive as the original. It gives clients the opportunity that may not be able to afford the original or get their hands on the original an option to own that image at a lower reduced rate.

Open editions are more in the poster industry, or even in the mass edition industry, where there may be 10,000 or 20,000 of them produced. The quality does not nearly come as close to the limited edition. You can immediately tell typically if it is an open edition by the price point, they are usually very reasonable in the big picture.

Those are the three main types. When you are looking online or you are talking with somebody and you are interested in purchasing, you want to watch out for some wording in regard to prints are called by many names, there is giclee, serigraphs, silk screens, lithographs, etchings, engravings, woodblocks and intaglios.  There are many different types of prints and many names, so you may want to do a little bit of research online to become acquainted with the different terminology. You do want to be careful because sometimes things are worded as an original lithograph or an original serigraph and that does not mean that it is an original piece, it just means that it is a print and it is worded a little bit trickier. So you do want to watch out for things like that.

There is a lot to know and a lot that you can read online, but if you have any questions, give our office a call at (248)722-4319 and we will try to assist you in every way possible.

Thank you for your time and have a wonderful day.