Many people call us saying, “I just want to know what it is worth.” Our goal is to give you current and accurate information regarding identification and valuation. A member of the Magnusson team will ask you many questions about your appraisal requirements: who, what, where and why, while explaining the different types of “worth” or value. Based on the answers to these questions, the appraiser can determine the scope of work to develop credible assignment results.
The “Scope of Work” is the quantity, quality, type and extent of research and analyses required to prepare the appraisal. A retainer agreement is developed, including client and appraisers’ expectations, goals, results and fees.
Frequently, we will schedule a date for an on-site exam. The client provides the appraiser with all relevant information, like previous appraisals, receipts or provenance. On-site, the appraiser inspects, photographs, and gathers information about an object in question in order to fully document its condition and appearance. After completing data collection and analysis, we determine the best approach to value each object.
Post inspection, the appraiser develops the identification and characteristics of value: age, medium, maker, condition, quality, rarity, exhibition and publication history, and studies the market in which they were sold. Careful research and analysis is required for the appraiser to reach a credible value conclusion and to write a defensible appraisal report, which adheres to the current Uniform Standards of Professional Appraisal Practice (USPAP). A completed report is delivered upon receipt of final payment.