A fine art appraisal is a comprehensive report that documents your works of art and provides an opinion of value based on the intended use. Leiza McKenna Appraisals LLC follows professional standards designed to promote an accurate, objective opinion of value by way of through research and an analysis of the appropriate art markets. The appraisal report includes detailed information about the artwork, such as its provenance, condition, and market comparisons, which help establish its market value.
Art appraisals are needed for insurance, donations, estate planning, divorce settlements, tax purposes, and determining sale value. Each reason might require a slightly different approach and documentation.
The preferred method is to view the artworks in person so that they can be photographed, measured and visually inspected. Copies of supporting documentation (original receipts, previous appraisals, provenance information, etc.) are then provided to the appraiser. Research, analysis, and report preparation is normally completed from the office.
While not preferred, in some instances this can be accomplished through images sent to us by the client. Please refer to the Photo Guidelines tab for specific instructions.
Our appraisal fees are competitive with industry standards and based on an hourly rate or an agreed flat fee, not including travel expenses and administrative fees. Estimates consider the scope of work, time to examine the property, market research and report preparation.
Art appraisals are essential for maintaining and safeguarding your collection. Given that market conditions can significantly influence art values, it's advisable to update appraisals every 3 to 5 years to ensure your insurance and personal records remain accurate and up to date.