Experts in this field are valuation specialists who have focused their studies on the monetary worth of fine art and collectables. Valuation is the process of estimating the worth of an item using professional knowledge, expertise and judgement. In this case, it relates to making estimations on the value of the artworks, antiques, or unique items, and the skill and labour used in the creation of them.
Valuation of art and collectibles is generally performed for the purposes of insurance, sales or trade, taxation, or curiosity. It allows for a proper understanding of the owner’s wealth and estate value, and informs proper taxation amounts. Knowing the value of an item also benefits the owner in that they can then adequately protect and maintain the object, so that its value is preserved. Value is a somewhat nebulous thing, but can be determined by examining the condition, age, degree of wear, and functionality (especially with collectibles such as electronics or toys).
Experts in this area come from many professional backgrounds. Many will have worked in art or collectibles in the past, perhaps as artists or specialty dealers. Some will be trained valuation experts, or perhaps have worked in valuation for an insurance company. They may also be historians focused on the historical and cultural significance of particular makers of art and objects. The specific specialisation and background needed in your art and collectibles valuation expert will be determined by the matter which requires examination.
At the bottom of this profile are brief details of a number of the experts that Expert Experts represents. Call our office to discuss your requirements and to obtain a recommendation that suits your needs and budget.Expertise in Action
Experts in valuation as it relates to art and collectibles can be called upon to assist in cases involving estates, taxation of complex collections, insurance matters, and many more.Sample Reports
For some fields of expertise we have some sample sections of de-identified reports. Please contact our office if you are interested in a sample.Cost
The overall cost of expert opinion depends on the services required. Some of the key factors that affect the cost of advice include:
- The need for a view or inspection of a location
- The quantity of documentary material to be reviewed
- Whether there are reports of other experts to be reviewed and commented on in detail
- Whether there is a need for conferences with the expert either in person or by telephone/Skype
An overview of art valuation and how to become educated in it.How to Evaluate an Art Appraisal
An outline of how to determine the veracity of an appraisal as an investor.The Essential guide to Antique Valuations
A helpful guide to the unique challenges and aspects of antique valuations, and the different methods of carrying them out.Relevant Cases Smith v Gould  VSC 461 (18 October 2012)
A case in which the value of art was of great importance to the valuation of a private company’s portfolio.PB v BJB  NZHC 3165 (11 December 2014)
A case in which art had to be valued to determine the correct way to go about dissolving a marriage and the division of assetRelated Blog Articles
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