Weschler's can provide written appraisals for estate tax and estate planning, insurance, charitable contributions and other purposes.
Types of Appraisals
Fair Market Value: a price at which a "willing buyer and seller" would agree to complete a sale. Fair market value is used for estate tax, estate planning, marital division, charitable contributions or other informational purposes.
Replacement Value: what it would cost to replace property with something of similar origin, age, quality, condition or provenance. This type of appraisal is provided strictly for insurance purposes where certain property may be scheduled separately from a blanket homeowner's policy. Certain categories of fine art and antiques are more sensitive to market changes and require more frequent review. An insurance industry rule of thumb is that appraisals should be updated at least every three years.
Liquidating Value: the value given to property that is sold or changes hands under forced or limiting conditions such as bankruptcy. It is provided for commercial and judicial purposes.
You can make an appointment to have your items reviewed at our gallery, or you may arrange for an in-home appraisal.
The appraisal fee is based on the time involved and the scope of the appraisal. Please contact William P. Weschler, Jr., Thomas M. Weschler or Mark P. Weschler (Jewelry, Coins & Watches) at (202) 628-1281 for further information.
Our staff includes experienced appraisers and qualified specialists that are able to provide valuations of fine art, furniture, decorative arts, jewelry, Asian works and other valuables. You can be assured our professional appraisals comply with all standards and codes of ethics of the American Society of Appraisers and the Uniform Standards of Professional Appraisal Practice.