Unlock the true value of your art collection with our expert appraisal services. Our certified appraisers combine a deep understanding of art history, market dynamics, and meticulous valuation processes to deliver accurate and reliable appraisals. Whether for insurance, estate planning, or other purposes, we provide detailed assessments that will stand the test of scrutiny.
Click below to contact us about your appraisal needs.
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Big Time Arts specializes in creating professional appraisal reports that meticulously outline the current Retail Replacement Value for each item. These reports are specifically crafted for insurance purposes, capturing the precise value essential for promptly replacing the entire collection in the event of a significant loss. In case of loss or damage, your insurance company will require evidence of the item's existence and its value at the time of the incident. Our appraisal reports play a crucial role in thoroughly documenting and safeguarding your fine art investment.
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Big Time Arts offers damage and loss appraisals initiated by property owners, insurance brokers, or carriers. Our services include pre-loss, post-loss, post-restoration, and loss-in-value assessments, supporting you throughout the insurance claim process.
Engaging a qualified appraiser is crucial for fine art claims involving damage or loss. We are an unbiased third party and can play a vital role in expediting the claims settlement process.
Our appraisals clearly state the item's pre-damage value, providing insights into its anticipated post-restoration value. This thorough approach ensures a comprehensive understanding of the artwork's value, facilitating a more accurate claims assessment.
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Big Time Arts specializes in preparing IRS-compliant donation appraisals for clients, museums, and institutions nationwide. Crafting qualified fair market value appraisal reports for IRS charitable contributions is a meticulous process, demanding considerable time and specific elements to meet IRS acceptance criteria.
All donation appraisals must adhere to the relevant requirements of Internal Revenue Regulation §1.170A-13(c)3, as well as IRS Revenue Procedures 66-49 and Publications 526 and 561. The IRS mandates that charitable contributions with a Fair Market Value exceeding $5,000.00 require a "qualified appraisal" by a "qualified appraiser" attached to your return. For items valued at $50,000.00 or more, the IRS subjects the appraisal to additional scrutiny by the Art Advisory Panel.
We offer a variety of appraisal types: