Fine Art Appraisals – know your value(s)!
— I’m Jesse Penridge, Owner & Principal Appraiser of ALTA FAAA. I’m a Certified Member of the Appraisers Association of America (AAA) focusing on Modern, Postwar, Contemporary and Emerging Art. My reports are USPAP compliant, a criteria you can read about here. I’m a veteran gallerist of over 20 years working in primary and secondary markets and keen to share my experience and knowledge with my clients. Further bona fides here.
What I do
Insurance Coverage & Renewal Appraisals
Used to determine the correct coverage to carry on personal property policies to protect against fire, theft or other disasters. Insurance appraisals include written descriptions and photographs which facilitate claim settlements by providing detailed inventories and itemized replacement costs.
Charitable Contribution or Donation Appraisals
Used to determine the appropriate amount for Federal tax deductions and are written in full accord with requirements of the Internal Revenue Service (IRS Form 8283) and Treasury Regulations.
Trusts, Estates & Gift Tax Appraisal
Used to help the executor, accountant and attorney determine tax on the personal property of a taxable estate. Estate appraisals provide fair market values and are written in full accord with Federal Treasury Regulations and Internal Revenue Service guidelines.
Marketable Cash Value or Resale Appraisals
Used to determine value of objects for those who want to sell their personal property. This type of appraisal estimates the marketable cash value for property sold at auction or by private negotiation through a dealer.
Diminution in Value for Damage & Loss Appraisal
Used to determine replacement costs for claims settlements due to fire, flood, theft or other disasters. The appraisal report includes cost of restoration and any diminished value after restoration to determine the compensation due to the client.
Family Division & Equitable Distribution Appraisal
Used to designate appropriate values to ensure fair division of property in estates, divorces and business dissolutions.
Reach out…
Let’s start the ball rolling- i’m here to help!
Resources
Expand Your Knowledge with Resources
Appraisal Resources
— want to dive into what might actually be too much information about appraisals…be my guest:
Art Law, Intellectual Property & Art History
— If you like to go down rabbit holes, here are some favorite podcasts:
Frequently Asked Questions
General Questions
Why do I need an appraisal?
An art appraisal can reduce the risks of being over or under insured, inequitably dividing personal property as part of an estate, being audited when claiming a deduction for charitable contributions or filing estate taxes, or selling for too little/paying too much. Knowing the value of what you have is the power to make the decisions you want.
Where do we begin?
Reach out through the link above or my email below. My appraisal process starts with a conversation with you to determine the purpose of the appraisal and the work you’d like us to appraise. We’ll discuss any specific requirements you have, so we can provide you with the most precise art appraisal possible. jesse.penridge(@)gmail.com.
Where are you located?
As many appraisals can be done virtually with information and images provided by you the client, I work nationally. But I’m based 20 minutes outside of San Francisco in Lafayette / Orinda, but am in Marin & Atherton weekly as well.