Appraisal Associates provides a range of personal property valuation services to businesses and professional service firms.
With over two decades of experience with insurance-related appraisals, we know how to help your firm protect fine and decorative art assets. We offer several appraisal options based on the value of your firm’s property, the size of your collection, and the degree of detail you require.
Insurance loss or damage and claim
Appraisal Associates works with many insurance adjusters who process complex and unusual personal property claims involving art, antiques, and decorative art. As a result, we understand the type of information insurance companies require. Access this knowledge and experience in the event of a loss or damage.
Canadian firms donating art, antiques or other collectibles worth more than $1,000 to registered charities and institutions with charitable status require written appraisal reports to establish the fair market value of the gifts. Increased accountability requirements have prompted many Canadian charities and institutions to ask that appraisals comply with “industry standards.” All Appraisal Associates’ reports comply with professional appraisal standards.
Certified Cultural Property donations
The Government of Canada encourages the donation of cultural property “of outstanding significance and national importance” to public museums, galleries, and other designated institutions by providing certain tax advantages to Canadian individuals and businesses. Appraisals must conform to specified guidelines in this donation process. Firms donating cultural property should consult with recipient institutions, but are encouraged to ask for Appraisal Associates’ services in the valuation of art, artifact or archival properties.
Prospective sale or purchase
Appraisal Associates provides business clients with market value appraisal reports useful in both sale and purchase contexts. These advisory reports address the key characteristics of value of the property in question, as well as a consideration of relevant comparable sales. In providing sale or purchase advisory reports, we stress that Appraisal Associates is independent and not affiliated with any auction house or dealer. We provide arm’s-length appraisal reports and advice based on a full spectrum of market information.
In 2011 Canada adopted a new standard of financial reporting, joining a growing community of over one hundred nations throughout the world. Publicly accountable, for-profit businesses now have the opportunity to report assets on the basis of “fair value”. When required, Appraisal Associates provides corporate clients with International Valuation Standard (IVS) compliant fair value estimates of assets such as art, antiques, fine furnishings, and other collectables.
Expert witness services and litigation support
Appraisal Associates provides expert reports for use in litigation contexts. These include fine and decorative art valuations, appraisal reviews and rebuttals. Our accredited appraisers have court experience, have qualified as expert witnesses and fully understand an expert’s duty to provide fair, objective and non-partisan opinion evidence. We have experience withboth the Uniform Standards of Professional Appraisal Practice (USPAP) and International Valuation Standards (IVS).
Please see our Museums List page for a selection of public institutions that have used our appraisal services over the last 20 plus years.