Fine and Decorative Art
that excite the eye & touch the heart
Indepth market knowledge & experience
A residential contents appraiser requires sufficient knowledge and experience to complete residential contents appraisals competently. General personal property appraisers must be able to appraise most types of household goods, antiques, collectibles, decorative and fine art and most types of rare objects. Personal property appraisers must solve complex and challenging valuation problems. It is a tall order to appraise everything in a residence, and not miss the rare and unusual objects lurking in cabinets, cupboards and drawers. When value is in doubt - Find Out!
Value in Doubt? Find Out!
Ethics and Competency
Flexible Consultations and Reporting
Sometimes, a brief consultation is all you need.
Sometimes you only need an oral or brief report.
Sometime a very formal and comprehensive appraisal report is required
Appraisal Review - AQB Certified USPAP Instructor since 2003 (#10138)
Sometimes personal property appraisers are needed to determine the quality of the work of another personal property appraiser relevant to applicable and minimum standards for ethics & competency. Find out more!
Asian & Native American Objects
provide historical context to our lives
About face: jug made in 1970s ceramics class fools Roadshow expert
Mistakes happen. Even the best appraisers make mistakes. As reported (3/6/16 on Liveauctioneers.com at https://c1.liveauctioneers.com/top-news)
A very unusual and grotesque face jug was appraised at an Antiques Roadshow by a Skinner's Auction expert at $30,000-$50,000 thinking it was 19th or early 20th century and very unusual and appealing. The jug was later recognized as a 40 year old jug made by a student in a ceramics class with pictures to prove. When notified the appraiser adjusted the value range to $3,000 to $5,000. Everybody got to chuckle. The potter, now a horse trainer stopped potting years ago and the new owner is now comfortable putting it on display and enjoying the presence and power this wonderful and unique object.
In this case it is a matter of "no harm-no foul", but in other circumstance such a mistake could have catastrophic financial consequences. Appraisers have great flexibility in developing their opinions, analyses and conclusions, and a responsibility to be diligent and not make a substantial error. Appraisers are guided by minimum rules and requirements imbedded in USPAP which require to appraiser to: "Know what your doing. Do it right. Don't be sloppy". Appraisers must be confident that the assignment results developed are worthy of belief relevant to the intended use of the appraisal.
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Residential contents appraisals require competent residential content appraisers capable of appraising all types of antiques and personnel property types and common household goods. Bill Novotny has 38 years of valuation experience with most personal property object types and assignment types (for various intended uses). He is able to provide scope of work options for opinion development and also alternative report options to minimize costs. The options offered will be sufficient and appropriate to the valuation problem presented by the client at the time of the assignment. Novotny Appraisal Svc will always do whatever is necessary in regard to problem identification, opinion development and reporting while always keeping an eye on containing costs and complying with USPAP.
Bill Novotny, a competent and highly experienced residential contents appraiser, frequently provides his very popular Oral Appraisal with written report disclosures (an OARD's form). The transmittal OARD form is formally written and typed to provide significant context and disclosures that make the oral report meaningful and properly understood. The "Value Section" can be documented by both the appraiser and the client by audio or visual recording. The client is expected to take hand written notes (a "Value Section") that identifies each object and it's value. The typed one page OARD's form is like a Restricted Appraisal Report. It is complete and appropriate for trust management, equitable distribution of personal property or for the sale of personal property and other uses. When appropriate, determined at the time of the assignment, he can also offer an abbreviated, one page Restricted Appraisal Report which is also cost effective.
Some assignments can be staged (e.g. a negotiated settlement initial intended use with later trial if negotiations fail). This has proven to be a popular option with attorneys in past legal appraisal assignments. In some cases a preliminary report is helpful to making decisions. Novotny's abbreviated reports have a sufficient work file that will allow him to prepare a formal Appraisal Report if needed at a later date.
Novotny also prepares very comprehensive Appraisal Reports when appropriate to the objects or the assignment type, or when required by supplemental requirements such as IRS Regulations, a probate referee or court requirements. He also provides Appraisal Reviews based on USPAP.
Antique and collectible rarities
Visual, interesting, unusual objects
Flexible Report Options
Collectibles and Textiles
remembrances of our life
Residential contents appraisals include:
When Value is in Doubt - Find Out!
All appraisers follow the appraisal process. They must first identify the appraisal problem. Only then can the appraiser determine that they are competent to solve the appraisal problem and to identify the appropriate market level to research and conduct the scope of work necessary to develop, and then report, credible assignment results. The appraisal process must be guided by decisions informed by the appraiser's knowledge and experience with multiple alternative markets and market levels and with most property types. Market demand drives the process.
Valuation services since 1979