Rittenhouse Art Appraisal & Consulting, LLC, provides our clients with thoroughly researched, confidential appraisal documents that include an extensive written report and analysis of each work. We take great pride in the quality of our appraisals, and each bound document contains detailed descriptions, comparables, and photographs of all works appraised. Appraisals will include an analysis of appropriate current art markets, as well as an analysis of the artists' careers and sales history as pertaining to the appraised items. All appraisal reports are prepared in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP) published by the American Standards Board of the Appraisal Foundation as authorized by United States Congress and comply with the Principles of Appraisal Practice and Code of Ethics of the Appraisers Association of America (AAA).
Rittenhouse Art Appraisal & Consulting, LLC is able to assist in a variety of written and verbal appraisal needs. Many of our clients are private individuals, insurance underwriters, claims adjusters, and attorneys who often need appriasals for one of the following reasons:
Damage & Loss
The purpose and intended use of the appraisal document dictate whether the value utilized will be replacement value, fair market value, marketable cash value or liquidation value.
Appraiser Amanda Rittenhouse Williams has attained full Member status in the New York-based Appraisers Association of America, the oldest professional association of personal property appraisers in the country. Members of the Appraisers Association of America specialize primarily in the fine and decorative arts and must complete rigorous requirements for membership. They are trained not only in their specific fields of expertise, but also in standards of appraisal practice and ethics. Art collectors, insurance companies, law firms, financial institutions, and government agencies consider membership in the Appraisers Association of America essential to the professional credibility of an appraiser.
For more information about the elements of a correctly prepared appraisal please visit The Appraisers Association of America Website.
The Appraisal Process:
Throughout the appraisal process, Rittenhouse Art Appraisal & Consulting, LLC has the best interest of our clients in mind. After an initial survey of your collection, we will determine if our appraisal services are necessary and appropriate for your particular circumstance. We do suggest that all works of art be examined in person to best evaluate condition, quality, medium, signatures, and measurements. We will advise which works are in need of appraisal, the type of appraisal required, and an estimate of the number of hours necessary to complete the appraisal. We ask that clients provide any prior appraisals, catalogs, articles or documents to help expedite the appraisal process. After a working contract has been signed by both parties, Rittenhouse Art Appraisal & Consulting, LLC will perform an on-site evaluation of the objects, including detailed measurements, condition notations, and photography. The remainder of the appraisal process is completed in our offices where we meticulously research the comparables, market trends, and artist biographies necessary to compile the appraisal document.
Fee structures at Rittenhouse Art Appraisal & Consulting, LLC are based on an hourly rate plus out-of-pocket expenses. Fees are never based upon a percentage of the value of the art or the property being appraised, as dictated by the Uniform Standards of Professional Appraisal Practice (USPAP). Our fee for appraisal work requiring formal documentation is $125 an hour. All hours spent on independent research and on-site evaluation are recorded in time logs which will be represented in your final invoice. Rittenhouse Art Appraisal & Consulting, LLC is very conscientious about its fee structure and will work with clients who may have extremely large or complex appraisals to keep costs at a fair level.
If you are interested or would like to find out more about the appraisal process, we invite your e-mail or you may also reach us by telephone at (210) 822-1200.