FREQUENTLY ASKED QUESTIONS
WHY AN ART APPRAISAL?
Specialized appraisals may be used for Insurance coverage and inventory, non-cash charitable contribution (donation), state tax and stepped-up basis, estate planning, gift tax, art financing (collateral), diminution in value and insurance claims, legal disputes, equitable distribution and dissolution of marriage, bankruptcy or sale advisory.
WHAT ARE AN ART APPRAISER'S QUALIFICATIONS?
Like a real estate license, art appraisers need to have the proper certification. Reports by a certified appraiser are used by insurance companies and if need be, will hold up in court. Additionally, certification reflects the highest professional standards, known in the field as USPAP (Uniform Standards of Professional Appraisal Practice).
HOW MUCH IS AN APPRAISAL AND HOW OFTEN SHOULD I GET ONE?
Costs of appraisals depend on the scope of the project. Proposals will be hourly or project based. We provide free proposals. Insurance appraisals are good for five years due to account for new valuations and market fluctuation.
SERVICING ALL OF THE HAWAIIAN ISLANDS
All appraisals are overseen by Launa Bacon. Based in Kauai, Launa is a CASP certified and USPAP compliant art appraiser and Associate Member of the Appraisal Institute of America, specializing in International modern, contemporary and ancient Asian art. She received her BA from Skidmore College and MFA from Goldsmiths College, University of London. A few of the artists she has appraised are Banksy, Marlene Dumas, Keith Haring, Damien Hirst, Yayoi Kusama, Roy Lichtenstein, Sally Mann, Picasso, Andy Warhol, and Yayoi Kusama.