|
are presale estimates for each lot included in a sale. The pre-sale estimates are determined by our specialists based on the current market and past auction sales results, taking into consideration the object’s quality, condition, rarity and provenance. These estimates are only a statement of opinion and are not to be deemed a representation by us as to what the property will actually fetch at auction.
are a professional evaluation of an object’s monetary value. Appraisals are different from auction estimates in that they are formal written documents explaining in detail what type of value is being sought (“purpose”) and how the appraisal is to be used (“function” or “assigned use”). They are used for insurance, estate tax, divorce and family division purposes.
If you should require an appraisal for one of these functions, please contact us.
The staff at Joseph DuMouchelle was trained professionally by the International Society of Appraisers (ISA), the American Society of Appraisers (ASA) and the National Association of Jewelry Appraisers (NAJA). Select staff members currently hold memberships with ISA and NAJA appraisal groups.
The U.S. Federal Government does NOT regulate personal property appraisers. It is a self-disciplinary act in which the appraisers themselves must choose to maintain the education and membership status within these groups. Real Property or real estate appraisers, on the other hand, are licensed. This is partially due to the S & L Bailout of 1989, after many federal banking and loan organizations were injured by the lack of training by real property appraisers. An individual who is a graduate gemologist or jeweler is not necessarily an expert in appraising, appraisal theory or the estimates regarding the sale your jewelry.
Unfortunately, the majority of jewelry industry appraisers lack formal appraisal training.
Appraisal valuations can be all over the board. There is no easy formula that can be used to estimate what your item might sell for based on your insurance appraisal.
If there was government standardization for the training of personal property appraisers in jewelry and objects, the valuations for each individual market - retail or estate - would be based on ACTUAL sales transactions instead of what the appraiser randomly decides to estimate.
Many jewelers sell an item for one price and send the customer out the door with an insurance appraisal stating the item is valued at double the purchase price. This results in the customer paying too high of a premium on insurance.
The effectiveness of the second-hand market depends on how unique your item is, which affects the price the next buyer is willing to pay. If your item is antique, signed or one-of-a-kind, it may fetch record prices at auction.
The training received through the personal property appraisers listed below requires similar training and education largely following real property case law.
For more information regarding the leading personal property appraisal organizations please visit their websites at:
www.najaappraisers.com
NAJA is only appraisal organization specializing solely in the gem appraisal and jewelry education.
www.isa-appraisers.org
ISA specializes in personal property appraisers only. The four main divisions are: antiques and residential contents, fine art, gemstones and jewelry, and machinery and equipment.
www.appraisers.org
ASA specializes in real property and personal property appraisers. It is the oldest and only major appraisal organization that represents all disciplines of appraisal specialists.
|
