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CREDIBILITY

Old sculpture appraisals

The appraisal organizations to which I belong feel it is essential to differentiate between qualified appraisers and pretenders. It is particularly important that we inform users of appraisals about the issues involved. Allow me to express the appraisal industry’s opinion about unqualified, uncertified and unaccredited people doing appraisal work. It is accepted opinion that these interlopers do a great disservice to their clients, the public, and all users of appraisal reports. Individuals, who call themselves appraisers, but lack the prerequisite training, education and experience, most often, rely heavily upon price guides to establish value or their personal experiences in a retail store or at various related shows. I have written an article on the use of price guides in the valuation process, and will be glad to provide it to you upon your request. Price guides, and personal sales or market experiences, are NOT adequate to establish value, as per USPAP. Only the trained appraiser has the training, experience, and education to prepare a credible appraisal report. Credible appraisal reports are not inventory lists with values listed to one side. Also, nonprofessionals, untrained persons and the unsuspecting public do not understand that pricing is not valuing and that price does not pertain to value, and is most often irrelevant, again, as per USPAP.

I am enclosing, for your edification, the following articles, which I have authored: Choosing an Appraiser, Firearms and the Appraiser, and The Credible Appraisal Report.