Insurance Services

Property is appraised at Retail Replacement Value (RRV), defined as “the highest amount in U.S. dollars that would be required to replace the property with another of similar age, quality, origin, appearance, provenance and condition.”
Damage & Loss of insured property is the “loss of value” after property has been damaged. It is the difference in value between the value of the property prior to damage and the value of the property after that damage ahas been repaired.

Estate Appraisals

Property is appraised at Fair Market Value (FMV), defined as “the price at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to be or sell and both having reasonable knowledge of the property.”
Treas. Reg. Section 20.2031-6(a) provides that the Fair Market Value (FMV) of a decedent’s household and personal effects is the price that a willing buyer would pay to a willing seller.

Contributions & Donations

Property is appraised at Fair Market Value (FMV), defined as “the prices at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell and both having reasonable knowledge of the property.” Treas. Regulation Section 23.2312-1 of the Gift Tax Regulations. Federal Tax form 8283 must be filed with the appraisal and signed by the appraiser with the appraiser’s Federal identification number.

Equitable Distribution for Divorce

Property is appraised at the approximate values listed below. The courts want to know the value of a divorcing couple’s marital property to help establish an equitable distribution of the property.
NOTE: Laws governing the appropriate value level for division of property vary form state to state. States may require net value, actual cash value, or marketable cash value, fair market value, or value-in-use.

Areas of Study & Training

Committees & Projects

Specializations

Years of Experience

What We Provide

Our appraisal service provides a detailed, scholarly document which provides information of the items that are being appraised for insurance, estates, litigation support and damage and loss. Our company has extensive experience and knowledge of fine art, collectibles and antiques. Our firm is not affiliated with any gallery, auction house or private dealer. We are not a gallery. We do not buy or sell items.

Inspection:

Taking photographs, measurements and notes about history and condition of personal property.

Research:

Proper identification, art historical research and appropriate market analysis.

Preparation of Appraisal Report:

Comprehensive reports to be used by insurance providers, attorneys, financial planners, and other professionals.

KNOWLEDGE

A Personal Property Appraiser’s knowledge is a lifelong-learning experience. College degrees aid us in researching and valuing items, but the most important component in appraising is gaining experience. Requiring years of inspection, research, and understanding of client needs, an seasoned appraiser’s skill set is essential in the valuation of the item/items of interest. Knowledge about the type of property in which the appraiser specializes is one of the main keys to placing a value on the item. Our appraisers are equipped with a standard of insight, methodology, and ethics emblematic of any organization founded for meticulous appraisal of personal property.

Princeton Art Appraisal Service LLC

OUR STATEMENT

Our appraisers are certified and accredited members of the Appraisers Association of America. We, as personal property appraisers, provide a document that financial decisions are made by others. These decisions are based on the appraiser’s value, opinions and conclusions without bias.Our firm is not affiliated with any gallery, auction house or private dealer. We are not a gallery. We do not buy or sell items. The appraisal is considered a legal document, and conforms to all federal government regulations, Uniform Standards of Professional Appraisal Practice and the Appraisers Association of America principles and methodology.

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