Process
Post the initial FREE telephone consultation, Heritage Appraisals may request a preliminary inventory consisting of the following: photographs of the full front(s)/back(s), signature(s), limited edition number(s) (if applicable), scans of the original paperwork/receipts/COA's, artist name(s), medium(s), dimensions and any information you may feel helpful. You can directly email or upload everything to Dropbox, Google Drive or WeTransfer and send us the link to download on our end. Once received, we will send you a confirmation that we received the file.
Heritage Appraisals charge the rate of $10.00 to $20.00 (per piece) for photograph analysis submitted through our portal or via email for review/consultation to determine the next steps in the process. This fee covers our time in preliminary research and proposal creation and is deducted from the appraisal service fee if the project is approved. The fee breakdown is as follows: $20.00 for the first piece and $10.00 for each piece after that. A custom bulk rate available for (large collections) which are bid per project.
From this inventory, we may be able to supply an estimated quote and timeline for the project before proceeding to step 3.
* If the inventory is not necessary/requested or the client is unable to supply Heritage with the above information, then we would proceed right to step 3.
inventory
02.
We will schedule the on-site inspection (our office, client’s home or location of choice) where our team will photograph, measure and physically assess the items for condition issues. This appointment generally takes 1-3 hours. If the collection is extensive and requires additional time, the appraiser will make the client aware of the longer estimated time during appointment scheduling.
In some projects, the appraisal may be able to be conducted digitally (desktop appraisal) and Heritage Appraisals may be able to bypass the on-site inspection. This determination varies project-by-project and can be discussed further during the telephone consultation.
inspection
03.
Once we view the complete collection, we will create a detailed proposal citing which items in the collection we recommend for formal appraisal, what the total costs will be and our timeline requirements to complete the project. If you had already received an estimated quote based on the digital assessment (step 2), we will confirm if any items need to be added or subtracted and send you the finalized invoice.
Heritage Appraisals charges the rate of $150 per hour. On average, the appraisal service charges range from $95-$175 per piece based on rarity/uniqueness and research time required to procure qualified comparables. There will also be any applicable travel and on-site inspection time charges and a work file creation/retention fee.
If during the process we find additional time for research/analysis is required or items are added to the report in which alter the quoted fees, the client will be made aware and will need to authorize these changes before the appraiser proceeds.
estimate
04.
Every appraisal report will include multiple photographs of each item, detailed descriptions, provenance, condition assessments and detailed value/market comparables. Appraisals are compliant with the report writing standards of the International Society of Appraisers (ISA), the Uniform Standards of Professional Appraisal Practice (USPAP) and with IRS regulations (when required).
examination
06.
Delivery of the appraisal is generally 2-6 weeks once we begin the project which is based on the number of items being appraised, the appraiser’s schedule and the firm’s current client docket.
Once the report is completed, the client will receive a digital PDF transmission. Hard copies are available upon request for an additional charge.
report
07.
Click to open a full length example report.
