Insurance or Resale
When it comes to safeguarding the value of your art, whether for insurance protection or potential resale, timing is critical. At Prairie Hills Gallery, we understand the importance of securing accurate appraisals for your valuable art pieces. With over 30 years of experience, our professional appraisers are well-equipped to guide you through this crucial process.
Don't Settle for the Initial Purchase Price
Don't underestimate the potential value of your art. Our team of experienced appraisers possesses in-depth knowledge, valuable industry connections, and a keen understanding of the many factors that can influence the worth of your art. We recognize that art appraisals are expert opinions and subject to variables and market fluctuations. This underscores the significance of engaging a seasoned appraiser.
Consequences of Inaccurate Appraisals
Sadly, many individuals fall victim to insurance companies seeking to minimize payouts through hasty and underinformed assessments. A well-executed appraisal relies on comprehensive data, including historical insights, precise artist and artwork details, and current market trends. Some information, such as private sales records from agents and galleries, can be elusive to the public, emphasizing the importance of appraisers with access to both private and public data.
Different Types of Art Appraisals
Art appraisals come in various forms, and understanding these distinctions is vital. Retail Replacement Value (RRV) is primarily tailored for insurance purposes, ensuring that your insured item can be promptly replaced. In contrast, Fair Market Value (FMV) assessments are designed for auctions, donations, and tax assessments, reflecting the predominant auction market, buyer's premium included.
Your Trusted Partner for Art Appraisals
Safeguard the security and value of your art investments by entrusting our seasoned professionals at Prairie Hills Gallery. With our extensive experience and unwavering commitment to accurate appraisals, you can rest assured that your art is in capable hands.