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Appraisals
Now, more than ever, with the dramatic increase in the art market, many people are discovering that they have substantial equity in their artwork. Having adequate insurance against loss or damage will protect your assets. Insurance companies require that works of art be accurately described and valued in order to provide coverage.
As a member of the International Society of Appraisers, Zwicker's Gallery is qualified to offer expert valuation and appraisal services for works of art for insurance, donation, probate or family division purposes.
Zwicker’s also offers over the counter evaluations, in which the appraiser provides an estimate of the value of your artwork. It is not a formal appraisal, which is an in-depth evaluation suited for legal purposes. This is sufficient for a person who is enquiring a rough value of their artwork, which can determine if the artwork is worth pursuing a formal appraisal.
The value depends on a number of factors including: identifying the artist, medium, the condition of the piece, subject-matter and size. The appraiser charges $25.00 per item. These evaluations are appointment-free, and artwork can be brought into the gallery at any time during hours of operation (see contact the director link for store hours). The appraiser does not evaluate artwork sight unseen, and arranges appointments to visit the premises of the art piece or collection for a formal appraisal on the condition that the art piece or collection is not transportable to Zwicker’s Gallery. Unless this is specified by the client, the artwork is transported to the gallery for appraisal purposes.
Zwicker's Gallery offers complete, detailed, professional appraisals of individual works, and collections, including large institutional collections. Please contact the Director for further details or to make an appointment.
Price Fee Schedule of Formal Appraisals:
Number of works appraised Administrative Cost Per Item
1-5 works $ 100.00
6-10 works $ 75.00
Over 10 works $ 50.00
Any "out of pocket costs" that the appraiser may require to complete the appraisal (travel, photography) etc, are added to the above costs
Research, analysis and investigation may be necessary for an appraisal for an additional $175.00 per hour. |