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Quality Condition Adjusted Mean Methodology: A Comparative Valuation Tool for the Appraiser
This paper explores the process of using a quality/condition adjusted mean methodology (Q-CAMM) to determine value of a subject property. A quality/condition adjusted mean regulates comparable values based upon condition level and quality points, and arrives at a final value conclusion relative to the subject property’s intrinsic features and state of preservation. Q-CAMM continues to rely upon the personal opinion and experience of the appraiser while introducing additional mathematical components to basic statistical averaging. Click the image to read the article by Todd W. Sigety, ISA CAPP.

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Reconceiving Connoisseurship, by Carol Strone
Connoisseurship is a dead language and a dead art. Or so art theorists with disdain for aesthetic judgments would have us believe for some 40 years now. Indeed, connoisseurship has long languished — unfashionable and unpracticed — in academic circles and beyond. But still it matters for many people, and there are signs of a renaissance, even in the most unlikely realms of the art world. The time is ripe for reconceiving connoisseurship as relevant to furthering culture and seeing with maximum powers of observation that which humankind creates. Click the image to read the article by Carol Strone of Carol Strone Art Advisory, NY.
Showing posts with label appraisal content. Show all posts
Showing posts with label appraisal content. Show all posts

19th Century An Age of Revivals 1800-1901

Thursday, October 22, 2009 Reporter: DJLeBeau 2 Comments
by David J LeBeau MFA AM(ASA)USPAP(06)©2008

The Newark Museum in Newark, New Jersey presented an exhibition entitled "Century of Revivals, Nineteenth-Century American Furniture from the Collection of The Newark Museum" (September 26, 1982 - July 5, 1983). The curator of that glorious exhibition was Mr. Ulysses G. Dietz. In his commentary printed in The Newark Museum Quarterly (Pg. 7, Vol. 31, Nos. 2-3-Spring/Summer 1980), Mr. Dietz states that, " ... By the beginning of the nineteenth century, however, a more literal approach to borrowing from the antique was taken, and the Empire or Regency styles of the early 1800s constituted the first of the new revival styles:” He goes on to say. " ... Revival styles in American furniture shared a common basis: All were in some way romantic evocations of past eras literalized in wood and fabric."

Indisputably, the most visible and influential figure of the latter half of the 19th century was Queen Victoria. Alexandrina Victoria was born May 24th, 1819, and upon the death of her uncle William IV in 1837 she ascended the throne of the United Kingdom of Great Britain and Ireland. Subsequently, she acquired the title of Empress of India in 1876 and she died on January 22th, 1901. Her reign lasted sixty three years and seven months, longer than that of any other British monarch to date. The English decorative Arts period centered on her reign is known as the Victorian Period (1837-1901).

It has been the custom, in the professional upscale auction houses of England and the continent, to use the names of monarchs to denote the place and period of origin of an artifact. This was a rather simple and effective method when the objects being discussed behaved themselves and fit neatly into historically recognizable design cubbyholes. However, designs were adopted and adapted from those in use during the reigns of European monarchs, to use in far flung places by many cultures that did not owe allegiance to the thrones of Europe. A piece of furniture that owes its design genesis to an ébéniste or to an author of a book of furniture design published in London must be identified by its own chronological, geographic and stylistic origin. Thus, a dining table constructed in London in the late 19th century would be dated and identified as English by the phrase: "A Victorian Dining Table". However, due to the extraordinarily long reign and the swift adoption of new styles during the period, it is necessary to amend the phrase with the style name of the piece in question, i.e., "A Victorian, Rococo Revival, Dining Table". Furthermore, if evidence exists that conclusively indicates the precise year of manufacture, the phrase should be further amended as follows: "A Victorian, Rococo Revival, Dining Table, 1859". The appellation "Victorian" refers only to the period between 1837 and 1901 and only to the people and places governed by Her Majesty Queen Victoria. Queen Victoria never ruled the United States or any part thereof. Therefore, if it was made anywhere in the United States it is not “Victorian”. The use of one of the revival terms is the correct nomenclature. Thus a piece of Rococo Revival furniture manufactured in the mid 19th century in the city of New York is just that, a New York City piece in the Rococo Revival taste. It is in no way justifiably labeled as “Victorian.” However, a comparable piece made between 1837 and 1901 in the UK, or anywhere else in the British Empire, in fact, is “Victorian.”

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Saturday, September 19, 2009 Reporter: Dave Maloney 0 Comments
Appraisal Report Structure by David J. Maloney, Jr., AOA CM

There is no single approved format for all personal property appraisal reports, nor is there a required method of presenting information within the appraisal document. USPAP's STANDARD 8 states that USPAP does not "dictate the form, format or style of personal property appraisal reports, which are functions of the needs of the intended users and appraisers. The substantive content of a report determines its compliance [with USPAP]."

Appraisal reports typically contain a logical presentation of the required elements of information. Appraisers usually choose to prepare either a narrative letter-style appraisal report or a form-style appraisal report.

In a narrative letter-style report the appraisal has the look and feel of a formal letter on company letterhead complete with salutation, content, the USPAP certification statement, signature and enclosures.

In a form-style report the report is prepared in sections according to a pre-designed format, with each section appropriately titled and addressing the relevant elements of information it is designed to contain.

Regardless of which appraisal report form is used, in general terms, the appraisal report must contain three categories of information:

  • Appraisal-specific information
  • Item-specific information
  • Supporting documentation 
(Take the Poll in the Right Column on the Type of Report You Prepare)

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