WEI YANG ART
~ Asian Art Consulting & Appraisal ~

Quality Art Appraisal Matters


Finding a qualified, independent, and ethical appraiser for your art work help you achieve your goals with confidence. The expertise, knowledge, and experience of an art appraiser you hire weigh heavily on the quality of appraisal presentation and the benefit of your intended use. As academics by training, certified art appraisers by profession, we are committed to the connoisseiurship of Chinese and Tibetan cultures, traditions, arts and aesthetics, and the fairness of valuation with all our specialized skills, such as Asian languages.

No art appraisal is universal. A designated art appraisal report conducted by a qualified professional is required to meet a specific appraisal need. A professional art appraisal serves two goals: 1) to provide the owner or the interested party with the information needed to understand and appreciate the art object in question, and 2) to help the owner realize his/her vision by proposing lawful solutions and tactical strategies. For example, if for elling your art work, you need to posses solid information about your art object and formulate an educated strategy for sales. Making a charitable donation or filing an estate tax, you need to follows the IRS rules for a qualified appraiser and presenting your evidence complying with IRS requirements. This is why you should commission an art appraisal from a qualified professional. 

We tailor our appraisal report to meet your needs. We prepare each art appraisal report with expertise, due diligenc and care. Our appraisal report is informative and educational, including not only crucial information on your art work but also potential issues concerning your object. Many owners are overwhelmed by the unfamiliar terminology from the worlds of Asian aesthetics and modern art sales or necessary strategies to obtain an insurance policy or make a charitable donation, etc.  By reading our appraisal report, you are educated and guided to approach either the most appropriate and relevant market place with a target in mind, or present IRS or insurance broker a self evident value conclusion with confidence. Our up-to-date market analysis helps you stand a much better chance of profit when negotiating from a position of strength. 

We strive to understand your appraisal needs. While complying with the code of ethics in our practice, and conforming to the Uniform Standards of Professional Appraisal Practice authorized by Congress as the Source of Appraisal Standards and Appraiser Qualifications in our practice, we provide you with candid advice that only benefit you and your art work. oWe are willing to run extral miles for our clients.

We guarantee that you are offered Art appraisal services of the highest quality. With a scholarly focus on Chinese fine art and Asian Buddhist Art, doctoral training on Chinese art in general, our knowledge of the Asian Art Market and Chinese Art Connoisseurship, as well as a mastery of a few Asian languages, such as Chinese (Both classical and modern), Japanese, and some Tibetan, we are competent to consult and appraise Chinese art of all categories, including painting and calligraphy, furniture, woodblock prints, textiles, wood/ivory carvings and scholarly objects (ink stones, brush holders, etc.), decorative arts (screens, jade, kesi tapestries), and Tibetan Buddhist fine arts (Thangkas) and ritual objects. We also possess adequate knowledge and skills to appraise some Asian art as well, such as Japanese prints, screens, porcelain and Asian Buddhist art.

We serve you to the best of our abilities. We treat every owner individually and provide original research about each individual object. Our work is based on years of experience in art research and appraisal as well as more than twenty-five years of professional experience with Asian art objects, doctoral training in Chinese art, history, and culture, and original scholarship. As academics, we are committed to all Asian artistic traditions, and dedicated to helping you understand and appreciate Asian art, particularly Chinese art.

We are committed to equip you with the knowlege and insights often possessed by a trained professional. Our typical written art appraisal report starts with an identification, description and visual analysis of your art work in its historical and artistic contexts, a proper ranking of the subject property among its equals, a diagram or chart identifying value features examined, and ends with our comments or concerns on the most appropriate market place for your property. The goal of our appraisal report aims to walk you through the appraisal process and help you understand the reasonings behind the final value conclusion. While complying with the Uniform Standards of Professional Appraisal Practice and conforming to the American Society of Appraisers Code of Ethics in preparing the final report, we demystify an art appraisal and explain the valuation methodoloy in plain language.


What Type of Value Are You Looking For?

Fair Market Value -- The price at which the property would change hands between a willing  buyer and a willing seller, neither being under any compulsion to buy or sell and both having reasonable knowledge of relevant facts. It applies to Charitable Contribution, Estate Planning/Tax/Distribution, Equitable Distribution, etc.

Market Value -- The most probable price that a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller each acting prudently and knowledgeably, and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specific date and the passing of title from seller to buyer. It mainly applies to Consultation for Acquisition or Disposition.

Replacement Value --Replacement Value is the price it would cost to replace an item with one of similar quality purchased in the most appropriate marketplace within a limited amount of time. Usually, this is the value used for insurance purposes or collecting needs. It is evaluated in essentially three ways: New Replacement Value, when the object is still available; Second-Hand Replacement Value, reflecting the current second hand replacement cost of a similar article of equivalent quality and condition; and Facsimile Value reflecting the cost of recreating a facsimile of the original in reasonably equal material and quality of production. It often applies to the following situationos: Insurance Coverage and Claim Settlement.

Estate Tax-- Fair Market Value is used. The Estate Tax is a tax on your right to transfer property at your death. It consists of an accounting of everyting you own or have certain interests in at the date of death. The total of all of your possessions is your "Gross Estate," the base for computing taxable estates complying with IRS rules.

Liquidation Value -- Liquidation value is the price realized in a sale under forced or limiting conditions and under time constraints. It applies to Forced Liquidation, Orderly Liquidation and Salvage/Scrap appraisal. The action may be initiated by the owner or crediting institution.

Actual Cash Value -- The price be necessary to replace a property with another of similar age, quality, origin, appearance, size, and condition, within a reasonable length of time in an appropriate and relevant market. (This definition encompasses the concept of “as is” or “with or without restoration.”) It is the market value of a property less all forms of depreciation.

If you are not very sure about what kind of value you are looking for, please contact our expert for a free initial consultation before you commit yourself to an appraisal.

Need quality art consulting and appraisal services? please Contact Us, or call us at (609) 688-6891

 


We Consult & Appraise Asian Art

Qianlong's Streasure Imperial RobeWood Carving Tibetan Art


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