PROFESSIONAL APPRAISAL SERVICES
Black Rock Galleries knowledgable and expert appraisal team works with private parties, executors, attorneys, financial advisors, and insurance brokers to provide USPAP compliant appraisals for:
Fair Market Value
Estate & Probate
Equitable Distribution
Insurance
Such appraisals provide formal valuations of items for sale, estates, insurance, IRS estate and donation tax, estate and marital settlements, equitable distribution, legal settlements, donations, as well as investment purposes.
Expertise:
Black Rock Galleries’ comprehensive appraisal team boasts over 125 years of combined estate appraisal experience. In fact, two of our appraisers have Ph.D.s! BRG’s expertise spans the breadth of personal property and includes (but is not limited to):
Appraisal Standards:
Our appraisal staff adheres to the highest standards of the American Society of Appraisers and the Internal Revenue Service, as well as the Uniform Standards of Professional Appraisal Practice (USPAP). USPAP is the recognized ethical and performance standards and requirements for U.S. appraisers.
Appraisals Explained:
Simply put, and in accordance with USPAP, an appraisal is an estimate of value. A professional appraisal is an opinion of value based upon expertise and research of selling prices for similar items in the appropriate market at a specific moment in time (i.e., current market or, in the case of an estate, the market price on the date of death).
The Process:
Initial Contact: It all begins with a phone call. If you need appraisal services, please call us to schedule an appointment for our appraiser(s) to come to your location.
Valuation: A BRG appraiser will arrive at your location to appraise the items that need to be formally valuated. Depending on the size and scope of the personal property/estate, this may take a few hours to a few days. Reference photos may be taken. If there is sterling silver, gold, precious stones, etc. which are to be included in the appraisal, those pieces will be measured, tested, and weighed.
Research: In the days and/or weeks (depending on the scope of the appraisal) following the valuation, the appraisal team will perform any necessary research for providing appraisal values. This may include researching known artists, past sales results, gold/silver values for specific dates, and consultations with specialty item subject matter experts.
Compilation: Once all the research is complete, the appraisal is compiled into a comprehensive USPAP compliant appraisal report.
Billing/Invoicing and Distribution: Upon completion of the appraisal, a final invoice will be created and sent to the appropriate party for payment. The invoice will reflect time spent on-site for valuation, research time, and administrative costs (i.e., typing, printing, postage, etc.). Once payment is received, hard copies of the appraisal will be distributed (i.e., private party, attorney, insurance company, etc.). A digital copy of the appraisal may also be emailed to the main contact upon request.
From a full estate or just a collection or two — whatever your professional appraisal needs may be, let the uncompromising expertise of the BRG appraisal team help.
Contact us for more information on our appraisal services.
