USPAP and its importance

Sep 1 2015 - 12:00am
When it comes to getting an appraisal, one of the first things people want to know is if the appraiser is worth the money or if the appraiser is just a hobbyist. Well, when looking for a trustworthy appraiser, look for one that is certified.  The national organization that develops standards and qualifications for professional appraisers is the Appraisal Foundation. What is USPAP? USPAP stands for Uniform Standards of Professional Appraisal Practice. The Appraisal Foundation has been working to recognize appraisers with proper standards of professional practice since 1987.  We recently sat down and interviewed D. Michael Mason, MAI, SRA, who is a USPAP instructor to see what it means to be... more

The importance of provenance

Aug 26 2015 - 12:00am
Before getting into the importance of provenance in buying and selling antiques, let’s first grasp the idea of provenance. Provenance with regards to antiques basically boils down to the verifiable history of the antique or the item’s trail of ownership. Where did it come from? Who’s owned it? Where did you get it? And other similar questions. When looking to buy or sell an antique, knowing the provenance can add considerable value to an antique. For example, you may have a vintage Pyrex measuring cup, which is sought after. But that’s not the same thing as having Julia Child’s Pyrex measuring cup. The verifiable provenance, or history, behind Julia Child’s measuring cup adds to the value,... more

What kind of appraisal do you need?

Aug 19 2015 - 12:00am
There are many different types of appraisals when it comes to antiques, and they all serve various purposes. Are you looking to find out the fair market value in order to sell your antique? Maybe you are trying to get it insured so you are protected from accidents. Or you may have inherited an item and now need to find out its value for tax purposes. Whatever the reason is, each appraisal type can be based on a number of different factors. Let’s look at a few of the common types of appraisals. Fair market value  When it comes to determining how much to sell your item for, a fair market value appraisal is most commonly used. This type of appraisal takes into account what the antique or a... more