What is a qualified fine art appraiser?
Personal property appraisers need extensive training in all aspects of appraisals including valuation theory, methodology, research, analysis, technical report requirements, insurance and legal requirements, as well as IRS requirements. They also need to have extensive background in fine art history and the art market.
Like an art dealer, a fine art appraiser need a background in art history and an in depth understanding of the art market. However, an appraiser also need extensive training in all aspects of appraisals including valuation theory, methodology, research, analysis, technical report requirements, insurance and legal requirements, as well as IRS requirements.