Process

disclosure

08.

report

07.

examination

06.

Timeline

05.

EStimate

04.

inspection

03.

inventory

02.

CONSULTATION

01.

Initial complimentary telephone consultation to determine the appraisal services needed/required and to discuss the appraisal steps in detail which are determined based on the client’s needs, requirements and overall collection.

CONSULTATION

01.

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), scan 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 $5.00 to $20.00 (per piece) for photograph analysis emailed or texted 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 (per piece) for (1) single item / $10.00 (per piece) for (2-20) items / $5.00 (per piece) for any collection (over 20) items / 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.

It is difficult to say until we complete our initial assessment what the total cost will be. Heritage Appraisals charges the rate of $150 per hour. On average, the appraisal service charges range from $65-$150 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.

Once written authorization by the client is given, we will place the project on the docket and keep all parties involved apprised of our timeline as we progress.

timeline

05.

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 2-4 weeks 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 and one (1) hard copy mailed by post. Additional hard copies are available upon request for an additional charge.

report

07.

All prior steps listed are applicable for “general” appraisal requests but will be tailored to each client’s needs and each project's appraisal function. A full determination of the best process to fit your needs will be determined during the initial telephone consultation.

disclosure

08.