FEATURED ARTICLE

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.
(First Published in the Journal of Advanced Appraisal Studies - 2008)

FEATURED ARTICLE

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.
(First Published in the Fine Art Connoisseur, March/April 2010)
Showing posts with label reference. Show all posts
Showing posts with label reference. Show all posts

A question of looted property:

Tuesday, November 10, 2009 Reporter: Jerry Sampson 1 Comment
I'm in the middle of reading The Monuments Men by Robert M. Edsel. This is a non-fiction work about a group of men and women enacted by various governments to preserve cultural art works during WWII. This question came to my mind. What role if any, does the professional appraiser play in regards to potentially looted or stolen property? What if in doing a house inspection, for any number of reasons, you find a great work of cultural art in an unsuspecting family's collection? WWII has been over for 60 plus years now. These items could have easily passed onto several other family members hands by now. Families who had no idea that this object could have been pillaged by or just bought on the street by "grandpa" decades ago. Objects that might even be listed in previous appraisals or estate settlements. What right do we have, if any, to report these findings and to whom would we report? I've searched USPAP and inquired with other seasoned appraisers only to get vague answers. Of course, I understand the articles of due diligence, our ethics and our code of conduct but unless information is requested by the government we're strictly confidential. What if our client is aware of it's history and provenance? And they thought that enough time had passed that no one remembered or cared. When should we know to cross a line and involve other authorities and how does this affect our relationship with our clients. I think that there are a lot of interesting questions here. Any answers??
Jerry Sampson



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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

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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