Appraisals

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Modern and Contemporary Art and Household Contents

Our areas of specialization are paintings, photographs, drawings, prints and sculpture.  The time period covered is 1880 to present in Europe and the United States. We are USPAP (Uniform Standards of Professional Appraisal Practice) compliant and appraisals are inline with IRS  (Internal Revenue Service) requirements.  Listed as a qualified appraiser in the data base for the Appraisers Association of America. Our clients to date are private individuals and art collectors.

Fees are established on a project basis, either hourly or daily, not on percentage of value of the property. Susan L. Halper Fine Art, Inc. does replacement value appraisals for insurance, fair market value appraisals for charitable contributions, estate settlements and  distribution of assets and current market value appraisals for the sale of works of art as well as valuations with intent to distribute said property.

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Accredited Member, Appraisers Association of America.




NYU Fine Arts Appraisals Course, USPAP Compliant 



Having completed the NYU course in Fine Arts Appraisals, Ms. Halper is USPAP Compliant and is working as a Fine Arts Appraiser for insurance, donation and equitable distribution purposes. Listed as a qualified appraiser in the data base for the Appraisers Association of America.



We congratulate Paul Cardile, Certified Member of the Appraisers Association of America, for his ethical and objective appraisal produced on behalf of the IRS in the Kollsman case.   

 

The Appraisal Foundation Applauds Circuit Court Ruling Affirming the Primacy of Personal Property Appraisal Profession

To protect asset value, consumers must select a qualified and independent appraiser

WASHINGTON, July 29, 2019 -- The Appraisal Foundation, the nation's authority on valuation services, applauds the recent 9th Circuit Court ruling that agreed with a U.S. Tax Court opinion that found an appraisal from an esteemed auction house is not adequate assurance of appraisal expertise or competency. With this ruling, the professionalism of personal property appraisers has been confirmed for the second time by the judicial system in the United States. This is game-changer for the primacy of the personal property appraisal profession, and protecting consumers from biased and uninformed appraisals that can result in significant financial repercussions.

The Appraisal Foundation is the nation’s foremost authority on the valuation profession. The organization sets the Congressionally-authorized standards and qualifications for real estate appraisers, and provides voluntary guidance on recognized valuation methods and techniques for all valuation professionals, including personal property appraisers and business valuation. This work advances the profession by ensuring appraisals are independent, impartial, and objective. appraisalfoundation.org

"The 9th Circuit Court ruling is the culmination of dedicated personal property appraisers who committed to establishing qualifications and standards to raise the professionalism of the personal property appraisal discipline," said David Bunton, president of The Appraisal Foundation. "The Appraiser Qualifications Board (AQB) published the first qualification criteria for personal property appraisers in 1998, and updated it most recently as of January 1, 2018. It is also worth noting that standards for personal property appraising have been part of the Appraisal Standards Board's Uniform Standards of Professional Appraisal Practice (USPAP) since its inception in 1987."

"Consumers are the biggest beneficiaries of this ruling. Personal property assets will be better protected when a qualified and independent appraiser is retained to value one's personal property assets," said John Brenan, vice president of appraisal services of The Appraisal Foundation. "This also means wealth managers and estate attorneys now have a greater fiduciary duty to their clients to fully understand appraiser qualification criteria and appraisal standards when vetting personal property appraisal experts."

The ruling arises from the case of Estate of Kollsman vs. Commissioner. The Estate hired a premiere auction house to conduct an appraisal of the estate's art collection. The U.S. Tax Court rejected the valuation of the auction house expert because of bias and a lack of objective evidence. The IRS appraisal expert found two of the paintings were significantly undervalued. The court also found that the auction house expert had a conflict of interest as the appraiser in question also sought to represent the paintings at auction. The 9th Circuit Court took the case up on appeal and agreed with U.S. Tax Court opinion.

© Susan L. Halper Fine Art, Inc. 2019