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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 the personal property appraisers post. Show all posts
Showing posts with label the personal property appraisers post. 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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Establishing Your Appraisal Library: The Truth About Price Guides

Monday, September 28, 2009 Reporter: Jerry Sampson 2 Comments

The Truth About Prices Guides


Time to hit on a touchy subject. In regards to the serious appraiser and scholar in the use of general price guides, there is one simple thing to remember:


Budget your money accordingly.


A little clarification is needed first. Price guides can be broken down into two separate, but very distinct, categories.


1. General Price Guides (such as Schroeder's, Warman's, Antique Week, Antique Trader, Lyle and, of course, Kovels).


2. Vanity Price Guides (they are typically written by one or two authors who have an undying passion for a subject and usually only one subject or period will be featured in a book at a time. These are sometimes seen with the wording "with value guide" attached to the title).


Let’s explore Vanity Price Guides (VPG) first. Take for instance, the reference books on cut glass by noted author Bill Boggess. He is certainly a scholar and active in the market. His books are well researched with excellent photos, and have a listing of prices in the back for the featured pieces. As an appraiser or scholar you should know that you should not rely on any prices in any books. We'll explore the reasoning behind this mantra later. But VPG's are very, very useful and valuable to the researcher. Often they are loaded with tons of good if not great information and photos on subjects not always commonly found. These authors are consumed with their subjects. They are serious about prices, values and worth. This is just a natural part of that passion. They want to share what they know or perceive. You shouldn’t only rely on the "handy" value listings.


(To Read the Rest of the article click the Read More Link below)



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Establishing Your Appraisal Library: Hard Back v/s Soft Back

Tuesday, September 01, 2009 Reporter: Jerry Sampson 0 Comments

Which is correct to have in your library? Hard back or soft back books? Which one is right?

Well it really makes no difference. Remember, as appraisers or collectors or dealers, we should not be overly concerned with what backing it has but rather what the CONTENT is! Now some will argue that they have a superior library because its filled with fine, hard back, first editions. Again, you shouldn’t care. You should only care about what is inside between the covers. It’s the content that matters most. Now bear in mind that typically most books when they are published will sometimes (or not) come out first in a hard back edition with following editions being in soft back. This is for one simple reason.... cost. It’s cheaper to have a soft cover than it is a hard cover. Often when books are reprinted the publisher/author will take this opportunity to revise the printing. Sometimes this is done in regards to newly found information or a price guide listing update (these should always be taken at face value, as most are out of date even when newly listed) or any other number of factors. Make sure that you have the correct edition for your needs. You don't want to have old information when there is a newly revised edition with needed information just out on the market. Examine these newly re-printed books and evaluate whether you need this new edition or not.

Warning!!! Often publishers will only change a dust jacket or a book's pictorial covers to freshen it up. Sometimes they will even state REVISED on the front or inside. The only thing that has changed is the cover, the information is often the same. Be careful not to fall for this costly trap. (To Read the Rest of the article click the Read More Link below).



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Establishing Your Appraisal Library: Shelving

Saturday, August 22, 2009 Reporter: Jerry Sampson 0 Comments

You can have the greatest library in the world, but, if you can't find that particular volume then your library is worthless. The number one thing you must have when starting this business is some type of strong shelving and proper storage.

You might be starting your appraisal career with a dozen volumes, or you might be established and have a library of thousands of titles. Either way, you've got to have proper storage / shelving.

Your ultimate goal is to have your own place. I understand this is not always possible. The author Virginia Wolfe is quoted as saying she "hoped in the future that all women would have a room of their own." That's what we as appraisers should strive for - our own room, our own place, to store our work.

Be creative with where you are at right now. You might want to start with a bookshelf or a bookcase in a corner of a room. Explore the options of a finished basement, space under a staircase, or in an unused guest room. Whatever direction you make, be sure that your shelving is strong! Sure, right now, it can hold a dozen books but what about in the future? What about when you collect several hundred? All bookcases, shelves or units MUST be firmly bolted to the wall, into masonry, or into wood studding.

DRY WALL IS NOT SECURE FOR BOLTING!

Make sure that ALL shelving is strong and re-enforced on the sides. An extra feature, but one that I don't really like is adjustable shelves. Just make sure that these are bracket arms that lock into slots in the back, that extend to the depth of the shelf. Little metal or plastic tabs on the sides to hold the shelf up will not last for very long. (To Read the Rest of the article click the Read More Link below)



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Establishing Your Appraisal Library

Tuesday, August 04, 2009 Reporter: Jerry Sampson 2 Comments

We appraisers know that there is no substitute for being in a fresh, current market. But there is something else for which there is no substitute either and that is our library. Your library will be a source of comfort and enjoyment to you. It will be a place for you to turn when you are confused, lost or unsure about an object. Yes, your library, if you develop it correctly, will quickly become a major focal point of your appraisal career.

Now I know that it sounds "old fashioned" in this day of technology, but there is really nothing like having a well-developed, accessible library. Oftentimes I talk with other appraisers who might not have as much experience as I do, and the one thing that I hear so often is " I don’t have much of a library; I use the computer." Well, that may be true and, of course, I do the same thing to some extent. But you will never be able to grasp and understand a subject just by reading about it on the Internet.

I’m going to title this series of blog entries "Establishing Your Appraisal Library." I’ll break this down into several chapters so it can be easier to absorb. Through the weeks we’ll cover such chapters as these and several others:

How do I acquire books for my library?
Proper storage and retrieval.
Hard back or soft back? Which is correct?
The dirty secret about price guides.
Magazines and other periodicals.
Databases and printed auction catalogs.
The importance of small papers.
When it’s time to dispose of a library.

Be on the lookout in the coming weeks for these topics. I promise that if you pay attention you’ll be able to create or refine your current library.
Remember, Knowledge Is Power, So Arm Yourself



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Journal of Advanced Appraisal Studies