Appraisal Review Services
An appraisal is an opinion.
Is it a defensible one?
When an appraisal is questioned, the strength of its methodology, supporting evidence, and conclusions matters.
Capital Art Group provides independent fine art and personal property appraisal review services for attorneys, insurers, fiduciaries, collectors, and other professionals seeking to evaluate the credibility, reliability, and compliance of existing appraisals with the Uniform Standards of Professional Appraisal Practice (USPAP).
Whether an appraisal is being used in litigation, an insurance dispute, an estate matter, or another significant financial decision, an independent review can identify potential deficiencies in methodology, supporting evidence, and adherence to professional standards, providing valuable insight into the quality and defensibility of the appraisal work.
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An appraisal review is an independent evaluation of another appraiser's work to assess its quality, credibility, and compliance with applicable professional standards.
Unlike an appraisal, which develops an opinion of value, an appraisal review evaluates the work performed by another appraiser.
An appraisal review can identify deficiencies in methodology, unsupported conclusions, inconsistencies, and other issues that may affect the credibility of the appraisal.
Reviews may be performed with or without an independent opinion of value, depending on the assignment's scope and intended use.
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An independent appraisal review may be particularly valuable in:
Litigation and Legal Disputes: An appraisal is being challenged, or opposing experts have reached conflicting conclusions.
Divorce and Equitable Distribution: Fine art or personal property valuations are contested during the division of marital assets.
Trust and Estate Matters: Questions arise concerning the methodology, support, or credibility of an estate-related appraisal.
Insurance Claims: Disputes involve the valuation of damaged, lost, or stolen property.
Due Diligence: A collector, advisor, or fiduciary wants an independent assessment of an appraisal before relying on its conclusions.
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The purpose of an appraisal review is to develop an independent opinion about the quality of an appraisal.
Depending on the scope of the assignment, an appraisal review may assess:
Compliance with the Uniform Standards of Professional Appraisal Practice (USPAP).
Appropriateness of the type of value.
Selection and analysis of comparable market data.
Valuation methodology and supporting research.
Reasonableness and support of the appraisal's conclusions.
Completeness and adequacy of the appraisal research, analysis, and supporting documentation
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An appraisal is an independent opinion of the value of a specified property for a specific intended use.
An appraisal review is an independent opinion about the quality of another appraiser's work, usually measured against the standard of care of the appraisal profession (USPAP).
Depending on the assignment, an appraisal review may also include an independent opinion of value.
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In legal disputes, the credibility of an appraisal can have significant implications.
Capital Art Group assists attorneys in evaluating appraisal reports, identifying potential weaknesses in opposing expert opinions, and assessing the reliability of valuation evidence.
Our services may assist counsel with:
Evaluating opposing appraisal reports.
Identifying methodological or analytical deficiencies.
Assessing compliance with professional appraisal standards.
Reviewing conflicting valuation conclusions.
Preparing for expert depositions and trial.
Developing independent opinions of value
Appraisal review services may be provided as part of consulting expert or expert witness engagements, as appropriate.
Learn more about our Litigation Support & Expert Witness Services. -
An independent appraisal review can be an important component of litigation strategy, helping attorneys evaluate the credibility of valuation evidence, identify potential weaknesses in opposing expert reports, and prepare for depositions or trial.
Capital Art Group also provides consulting expert and expert witness services involving fine art and personal property valuation disputes.
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Capital Art Group founder Maria Tarrence holds the Appraisal Review & Management (ARM) designation from the American Society of Appraisers, a specialized credential held by less than 10 personal property appraisal professionals.
Maria is also an Accredited Senior Appraiser (ASA) with the American Society of Appraisers and an Accredited Member of both the International Society of Appraisers and the Appraisers Association of America.
Her specialized training and professional experience enable her to provide independent, objective, and well-supported appraisal reviews for assignments involving fine art and personal property.
All appraisal review reports are prepared in compliance with applicable Uniform Standards of Professional Appraisal Practice (USPAP) requirements.
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Whether you are questioning an existing appraisal, evaluating an opposing expert's conclusions, or seeking an independent assessment of a valuation report, Capital Art Group can help you determine whether an appraisal review is appropriate.
Contact us to discuss your appraisal review needs and the scope of your assignment.
Appraisal review services are billed on an hourly basis. Professional liability insurance is maintained.