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How does an appraiser determine value?
An appraiser performs a systematic analysis of sales records of objects similar to the item being appraised. Information is gathered from galleries, auction houses, computer databases, and other sources. Ideally, an appraiser will find recent sales of objects very similar to the subject property, thereby providing an accurate measure of value. Sometimes comparable sales records are unavailable. This is where the skill, training, and experience of your appraiser becomes crucial. A knowledgeable appraiser can assess the quality, age, artistic merit, and craftsmanship of property, and analyze this information in order to provide an accurate estimate of value. Even history of ownership, or provenance, can have an impact value. To see this you need look no further the auction of property owned by Jackie Onassis. Many ordinary pieces of property sold for very high prices simply because she had owned them.
An appraiser performs a systematic analysis of sales records of objects similar to the item being appraised. Information is gathered from galleries, auction houses, computer databases, and other sources. Ideally, an appraiser will find recent sales of objects very similar to the subject property, thereby providing an accurate measure of value. Sometimes comparable sales records are unavailable. This is where the skill, training, and experience of your appraiser becomes crucial. A knowledgeable appraiser can assess the quality, age, artistic merit, and craftsmanship of property, and analyze this information in order to provide an accurate estimate of value. Even history of ownership, or provenance, can have an impact value. To see this you need look no further the auction of property owned by Jackie Onassis. Many ordinary pieces of property sold for very high prices simply because she had owned them.
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