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Embracing the Virtual Learning Environment Monday, August 23, 2021 in Education

Last year or so, when life was normal or considered normal, I would never think of meeting a client, fellow appraisers, attending a conference, or taking a class online only. But life as we knew it has forever changed. Amazingly so, to my surprise, I have begun to embrace this way of doing everyday business.

Tips for Determining Scrap and/or Salvage Value Monday, July 26, 2021 in News, Education

An easy way to distinguish between scrap and salvage is that scrap is generally used for metals. Salvage is generally used for everything else, including fine art. I will first discuss salvage value, including where an appraiser might look for comparable sales, and then move on to how an appraiser might calculate scrap value.

Ask an Instructor: Determining the Actual Cash Value (ACV) of Your Property Monday, July 26, 2021 in Ask an Instructor

Question: I have been asked by an insurance company to provide the actual cash value (ACV) on a painting by a famous 19th-century artist. I don’t understand how to determine ACV for this type of painting. Can you help me?

Observing Future Trends - Furniture and Decorative Arts Monday, June 21, 2021 in News

As a generalist, I constantly read, listen, and observe auction values and retail prices in the furniture and decorative art markets. Auction houses and bidding platforms publish articles and blogs almost daily describing their thoughts and forecasts for values in the fine art market. However, I often cannot find observations about future trends and market outlooks in the areas of furniture and decorative arts.

Congratulating ISA’s 2021 Award Winners Tuesday, May 25, 2021 in News

This year, ISA honored our much-deserving 2021 award recipients at a virtual awards program on May 14. Please join us in congratulating the individuals below for their significant contributions and service to you and ISA.

How to Become a Connoisseur Tuesday, May 18, 2021 in Education

To become a connoisseur, curiosity is required. One must dedicate time and energy to asking questions, train her/his eyes to observe detail, and learn to compare and contrast objects so as to build up the experience necessary to make decisions about quality.

Ask an Instructor: Tips on Finding Parallel Artists Tuesday, May 18, 2021 in Ask an Instructor

Question: Help! I’m appraising artwork for estate tax purposes. The artist is not returning my calls. He is his own market. He has no past or current gallery representation, and he has no auction sale results. I know that I’m supposed to look for a parallel artist to determine fair market value when there are no comparables. Do you have any tips on finding parallel artists?

The Importance of Due Diligence and Due Care in Appraising Wednesday, April 21, 2021 in Education

My favorite part of USPAP comes directly from the Competency Rule: Perfection is impossible to attain, and competence does not require perfection. However, an appraiser must not render appraisal services in a careless or negligent manner. This Rule requires an appraiser to use due diligence and due care. (USPAP 2020-2021, lines 301-303)

Ask an Instructor: How Bronze Disease Affects the Value of Art Wednesday, April 21, 2021 in Ask an Instructor

Question: Does Bronze Disease affect the value of a work? From what I was reading, it seems to be a contamination problem with the bronze. Would the artist in any way be responsible for selling work that develops bronze disease?

Using Sales After the Effective Date as USPAP Comparables Tuesday, February 23, 2021 in Education

One of the best things about teaching Uniform Standards of Professional Appraisal Practice (USPAP) classes for ISA is that you never know what questions students will ask. At the ISA's January 13 to 14 7-Hour USPAP class an appraiser asked when it's okay to use a sale that occurred after the effective date of an appraisal as a comparable?

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