How to appraise personal property?

Appraising personal property begins by clearly identifying the item and defining the purpose of the valuation. The intended use determines how the appraisal is performed and what type of value is developed.

The appraiser reviews key details such as maker or artist, age, materials, dimensions, condition, and any available provenance. Relevant market data is then analyzed, focusing on recent, comparable sales rather than asking prices. Differences in condition, quality, and market timing are adjusted to reach a supported conclusion.

A credible appraisal includes:

• A clear scope of work
• The value definition used
• Supporting market evidence
• Stated assumptions and limitations

For legal, tax, or financial purposes, the appraisal should be prepared by a qualified appraiser and documented in a written report that can withstand review.

Learn more about our personal property appraisals.